Economic growth

HideShow resource information
  • Created by: Lottie
  • Created on: 01-05-12 15:43

ECONOMIC GROWTH

  • % increase in real national output in a given time period or a sustained increase in the productive potential of the economy

MEASURING THE SIZE OF THE ECONOMY

  • GDP: measured at market prices and includes imports and exports
  • GNP: equal to GDP plus income earned abroad on investments and other assets minus income paid to foreigners on their investments

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Macroeconomic indicators resources »