AQA -AS Macro Economics
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Terms in this set (78)
The rate of increase in the general
Inflation price level over a given period of
time. In the UK the target is 2% CPI.
This occurs when, over time, an
economy expands its capacity to
Economic
produce goods and services. In the
Growth
UK trend rate of growth is 2.5% in
GDP every year.
The value of al goods and services
Gross Domestic
produced within an economy over
Product (GDP)
a given period of time
A decline in the level of economic
activity (as measured by a fall in
Recession
GDP) that occurs over a six month
period or longer
GDP data adjusted to remove the
Real GDP
effects of inflation
COMPREHENSIVE QUESTIONS
AND VERIFIED ANSWERS
(DETAILED & ELABORATED)
ACTUAL EXAM 2025 TEST 100%
SOLVED 2025!!
Save
Get a taste for our practice questions
Learn
Studied 7 terms
Nice work, you're crushing it
, Continue studying in Learn
Terms in this set (78)
The rate of increase in the general
Inflation price level over a given period of
time. In the UK the target is 2% CPI.
This occurs when, over time, an
economy expands its capacity to
Economic
produce goods and services. In the
Growth
UK trend rate of growth is 2.5% in
GDP every year.
The value of al goods and services
Gross Domestic
produced within an economy over
Product (GDP)
a given period of time
A decline in the level of economic
activity (as measured by a fall in
Recession
GDP) that occurs over a six month
period or longer
GDP data adjusted to remove the
Real GDP
effects of inflation
