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ScotlandEconomicsQuick questions
National and Global Economic Issues
Quick questions on Economic growth and the business cycle: real GDP, output gaps and sustainability - SQA Advanced Higher Economics
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State the difference between actual growth and potential growth. [2 marks]
What is q2?Show answer
Explain what a negative output gap indicates about the economy. [2 marks]
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