4.5.2 Measurement of economic growth
Topic 4.5.2 - Measurement of economic growth This section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand real gross domestic product (GDP) and how it can be used to measure economic growth. Recall that economic growth is a measure of the change in a country's level of economic activity, as measured by the total demand for goods and services for a given period of time. This can be...