Use the complete definition by referring to real GDP, national output or productive capacity over time, without confusing higher prices, wages or total demand with growth itself.
India has experienced a relatively high economic growth rate in recent years. This growth has been driven by increases in government spending and exports, including exports of textiles. India's unemployment rate has, however, increased. The government is concerned that trying to reduce unemployment may increase India's inflation rate.
Define economic growth.
Define economic growth.
An increase in the country's / economy's output (2). An increase in real (1) GDP (1) over time (1).
An increase in output (1).
An increase in a country's / economy's productive capacity (2).
An increase in productive potential (1).
2
Allow one mark for higher income / average income / GDP per head.