ConceptConceptDocsDocuments

Edexcel IAL Economics 2.3.1.1a real GDP growth as economic growth

Practise using real GDP growth as a measure of economic growth and living standards, including definitions and data-based percentage changes.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • calculate the change in a real GDP growth rate from a figure and show working
  • explain real GDP growth using quarterly data and reference to inflation adjustment
  • analyse how changes in real GDP can improve living standards in an extract

2.3.1.1a - rate of change of real Gross Domestic Product (GDP) as a measure of economic growth and question 1

[Maximum number: 4]

The data shows the quarterly percentage growth of real GDP for Belgium between Q1 2019 and Q4 2019.

Table for Question 2.3.1.1a - rate of change of real Gross Domestic Product (GDP) as a measure of economic growth and question 1 — Edexcel A-Level Economics AS

With reference to the overall trend of the data, explain what is meant by the term 'growth of real GDP'.

All question bank results loaded