economic growth 🚨🚨
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Last updated 3:36 PM on 6/15/25
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6 Terms
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Economic growth
Growth on GDP (value of output) over time
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Gross domestic product (GDP)
The total value added of goods and services produced in the country in a year
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GDP per capita
GDP divided by the population
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Boom
A period of huge economic activity and high levels of employment
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Recession
A period of time when a country’s GDP falls for two (or more) consecutive quarters
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Labour force (workforce)
The number of people who work in a country
Note 
Flashcards (101)