Economic Growth

Student Learning Outcomes: 

• definition of economic growth 

• measurement using increases in gross domestic product (GDP) 

• limitations of GDP as a measure of growth 

• the use of diagrams to show the economic cycle: 

• annotating boom, downturn, recession and recovery 

• the effect of each stage of the economic cycle on economic growth, inflation and unemployment 

• the impact of economic growth on: employment, standards of living , poverty , productive potential, inflation and  the environment. 

Economic Cycle SWF

https://drive.google.com/open?id=18MnZQNOKNB2ftLmYycyLsbSave2m-gtL

What other data would you like to have to give you a clearer picture/what other data is relevant when assessing the quality of life in a country?