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Edexcel A-Level Economics AS 2.3.1 1a Rate of Change of Real Gross Domestic Product Gdp As a Measure of Economic Growth and Questions

Practise explaining real GDP growth as inflation-adjusted output and interpreting quarterly percentages, including zero and positive growth.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • explain real GDP growth as a percentage increase in output after adjusting for inflation
  • interpret quarterly percentage data to describe zero, positive or changing real GDP growth

Edexcel A-Level Economics AS 2.3.1 1a Rate of Change of Real Gross Domestic Product Gdp As a Measure of Economic Growth and Questions 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 Edexcel A-Level Economics AS 2.3.1 1a Rate of Change of Real Gross Domestic Product Gdp As a Measure of Economic Growth and Questions 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'.

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