ECONOMICS PAPER 2 STUDY GUIDE 2026
FULL QUESTIONS AND ANSWERS
EXAMPREP RESOURCE
●● Economic growth.
Answer: An increase in real output of goods and services in an economy
over time, usually measured by the increase in real GDP
●● Real GDP.
Answer: The total value of all good and services produced in a country
in a given period of time
●● Unemployment.
Answer: When people who are willing and able to work are unable to
find a job
●● Productivity.
Answer: The amount of output produced per unit of input
●● Investment.
Answer: Spending by firms on capital goods like machinery, factories,
and technology that are used to produce other goods and services
FULL QUESTIONS AND ANSWERS
EXAMPREP RESOURCE
●● Economic growth.
Answer: An increase in real output of goods and services in an economy
over time, usually measured by the increase in real GDP
●● Real GDP.
Answer: The total value of all good and services produced in a country
in a given period of time
●● Unemployment.
Answer: When people who are willing and able to work are unable to
find a job
●● Productivity.
Answer: The amount of output produced per unit of input
●● Investment.
Answer: Spending by firms on capital goods like machinery, factories,
and technology that are used to produce other goods and services
