VIDEO LESSON ON ECONOMIC GROWTH
VIDEO LINK: https://www.youtube.com/watch?v=T2N81vaRTuI
Video Comprehension Questions:
1. What is the main topic of the video?
2. How can we measure economic activity?
3. What are the three ways to measure total output?
4. What is the difference between nominal GDP and real GDP?
5. How can long-term growth be achieved in an economy?
6. What are the key phases of the economic cycle mentioned in the video?
7. What is a recession, and what are the different types mentioned?
8. What are the benefits of economic growth?
9. What are some possible problems that can arise from growth?
10. What are the two measures of living standards mentioned in the video?