Key concepts around GDP in relation to Level 2 economics external, 21224, Analyse Economic Growth Using Economic Concepts and Models.
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Created by Dani Young
over 2 years ago
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Close
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Created by Dani Young
over 2 years ago
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Define 'GDP'
How to calculate GDP
GDP is comprised of
Define 'Nominal' GDP
Define 'Real' GDP
How to calculate Real GDP
What is the difference between Nominal and Real GDP
What are the limitations of using Real or Nominal GDP as measurements of economic growth
Define 'Productive Capacity'
Define 'Net Social Welfare'
