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Study Notes

Measuring National Income

AS, A Level, IB
AQA, Edexcel, OCR, IB, Eduqas, WJEC

What is meant by national income?

National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time.

Flaws in using GDP as a measure of living standards - Revision Video

Revision video: GDP and GDP per capita

Test your understanding of this topic with an exam question!

Money GDP and real GDP

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