Positive and Negative Economic Growth Rates
Study Edexcel Economics growth-rate questions by distinguishing percentage increases and decreases in real GDP and applying the distinction to country data.
- Syllabus
- 2019
- Course
- Economics YEC11
- Level
- AS
Exam points
- Define a positive growth rate as a percentage increase in real GDP over the relevant period.
- Define a negative growth rate as a percentage decrease in real GDP, indicating contraction over the period.
- Apply the definitions to chart data, such as Ukraine’s positive 2016 and negative 2015 rates.
2.3.1.1f - distinction between positive economic growth rates and negative economic growth rates question 1
[Maximum number: 4]
Explain the difference between positive and negative economic growth rates using the Ukraine chart.
A positive rate is a percentage increase in real GDP; a negative rate is a percentage decrease. Ukraine grew 2.4% in 2016 but contracted 9.8% in 2015.
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