AS Paper 2, June 2024The UK Economy – Performance and Policies
AS Paper 2, June 2024, Q1(a)
Which one of the following best describes an increase in real GDP?
Multiple choice1 mark
Context
In 2019 the average annual percentage increase in real Gross Domestic Product (GDP) was 1.7% in developed countries and it was 4.6% in developing countries.
AActual economic growth
BNegative output gap
CPositive output gap
DPotential economic growth