4.5. Economic growth
- Syllabus
- 0455–2027–2028
- Topic
- 4.5
- Level
- —
4.5.1—Definition of economic growth
- Definition of economic growth
4.5.2—Measurement of economic growth
- real Gross Domestic Product (GDP)
4.5.3—Causes and consequences of economic growth
- how economic growth may be caused by an increase in total demand, an increase in the quantity of resources or an increase in the quality of resources
- advantages and disadvantages of economic growth
4.5.4—Causes and consequences of recession
- definition of recession
- how a recession may be caused by a decrease in total demand, a decrease in the quantity of resources or a decrease in the quality of resources
- consequences of recession for consumers, workers, producers/firms and the government
4.5.5—Policies to promote economic growth
- the range of policies available to promote economic growth and their effectiveness
Objective notes
5 learning objectivesConceptIGCSE Economics