Edexcel International AS and A level Economics XEC11/YEC11 · 2.3.1.1

Economic growth

Code: 2.3.1.1
In: 2.3.1 Measures of economic performance
Topic: 2.3 Macroeconomic performance and policy
Course: International AS and A level Economics XEC11/YEC11
Board: Edexcel

Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.

Points under 2.3.1.1

2.3.1.1.a Real GDP growth as a measure of economic growth
2.3.1.1.b Gross National Income (GNI) as an alternative measure of national income
2.3.1.1.c Distinctions between measures of GDP and GNI
2.3.1.1.d Comparison of GDP/GNI rates of growth between countries and over time
2.3.1.1.e Purchasing power parities
2.3.1.1.f The distinction between positive economic growth rates and negative economic growth rates
2.3.1.1.g The concept of ‘recession’ as two consecutive quarters of negative economic growth
2.3.1.1.h Limitations of GDP and GNI for comparing living standards
2.3.1.1.i National happiness and wellbeing

Points in 2.3.1 Measures of economic performance

2.3.1.1 Economic growth
2.3.1.2 Inflation
2.3.1.3 Employment and unemployment
2.3.1.4 Balance of payments