Business A-Level
GDP
What GDP means in Business A-Level, as defined for AQA.
Definition of GDP
Check what you remember
Read the wording for your board, then hide it and explain GDP in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Its growth affects demand, while negative growth is a recession that particularly harms firms selling products with high income elasticity.
Topics that use GDP
- Analysing the external environment to assess opportunities and threats: economic change (AQA A-Level)
Related terms
Using GDP in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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