Economics B A-Level
Real Gross Domestic Product
What Real Gross Domestic Product means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Real Gross Domestic Product
Check what you remember
Read the wording for your board, then hide it and explain Real Gross Domestic Product in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The primary measure used to assess the rate of economic growth, accounting for inflation.
Topics that use Real Gross Domestic Product
- Possible macroeconomic objectives (Pearson Edexcel A-Level)
Related terms
- Current account
- Current account surplus
- Economic growth
- Equilibrium
- International competitiveness
- Living standards
- Low unemployment
- Macroeconomic objectives
Using Real Gross Domestic Product 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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