Measuring Economic Growth
- AS, A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 15 Mar 2020
Here is a short revision video looking at what students need to learn about measuring economic growth.
Economic growth is the increase in the real value of goods and services produced as measured by the annual percentage change in real Gross Domestic Product (GDP) Economic growth is also a long-run increase in a country’s productive capacity / potential output