Economics B A-Level
Boom
What Boom means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Boom
Check what you remember
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Reference: Pearson Edexcel
A phase in the economic cycle characterised by rapid economic growth, where actual GDP rises above the long-term trend line, creating a positive output gap.
Topics that use Boom
- The economic cycle (Pearson Edexcel A-Level)
Related terms
- Demand-pull inflation
- Economic cycle
- Inflationary pressures
- Unemployment
- Government borrowing
- Output gaps
- Recession
Using Boom in the exam
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