Each question is introduced by stimulus material. In your answer you may refer to this material and/or to other examples that you have studied. India has experienced a relatively high economic growth rate in recent years. This growth has been driven by increases in government spending and exports, including exports of textiles. India's unemployment rate has, however, increased. The government is concerned that trying to reduce unemployment may increase India's inflation rate. Define economic growth.
Exam No：0455_m21_qp_22 Year：2021 Question No：2(a)
Answer:
An increase in the country’s / economy’s output (2).
An increase in real (1) GDP (1) over time (1).
An increase in output (1).
An increase in a country’s / economy’s productive capacity
(2).
An increase in productive potential (1).
An increase in real (1) GDP (1) over time (1).
An increase in output (1).
An increase in a country’s / economy’s productive capacity
(2).
An increase in productive potential (1).
Knowledge points:
4.6.1 definition of economic growth
Solution:
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