With the June exams approaching I thought it appropriate to share some mindmaps. Below shows the definition, policies, costs and benefits of Economic Growth. The costs and benefits of Economic Growth is a common essay question at A2 Level.
A country’s gross domestic product (GDP) is a measure of economic activity during a set period of time, normally reported on a quarterly and an annual basis. It is the sum of money values of all final goods and services produced in an economy over a set period. The primary indicator used for tracking economic performance over time is known as real gross domestic product, or real GDP. Real GDP is gross domestic product adjusted for changes in prices.