A-Level Economics Macrp (1.1) Flashcards on Economic Growth , created by Maya Khangura on 01/21/2016.
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What is Economic Growth?
What are the two ways of measuring Economic Growth? (2)
What is short run economic growth?
What is long run economic growth?
What does economic growth look like on a PPF?
How is Economic Growth measured? (3)
What is GDP? (2)
What is GNP? (2)
What is Nominal?
What is real?
What is Annual?
What is quarterly?
What is the most common measurement?
How do you measure a percentage increase?
What are the methods for measuring Economic Growth? (3)
What is the output method?
What is the problem with the output method?
What is the Income method?
What is a problem with the income method?
What is the Expenditure method?
What is a problem with the expenditure method? (2)
What is the governments economic growth objective? (3)
