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CAIE IGCSE Economics 4.5.1 Definition of Economic Growth Questions

Practise Cambridge IGCSE Economics by defining economic growth as rising national output and distinguishing it from inflation and productive capacity.

Syllabus
2027–2029
Course
Economics 0455

Exam points

  • Define economic growth as an increase in a nation’s output over time.
  • Distinguish economic growth from an increase in productive capacity and from price-level changes, using the correct macroeconomic measure.

CAIE IGCSE Economics 4.5.1 Definition of Economic Growth Questions question 1

[Maximum number: 1]

What is the definition of economic growth?

A

It is an increase in the general level of prices over time.

B

It is an increase in the level of a nation's output over time.

C

It is an increase in the level of total demand over time.

D

It is an increase in wages, interest, profits and rent over time.

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