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Divya Chumroo
5 – Economic Growth
1) What is meant by economic growth?
An increase in an economy to produce goods and services, compared
from one period of time to another
...
3) What is a recession?
Economic decline during which trade and industrial activity are
reduced, generally fall in GDP
...
4) Find and analyse data on UK’s economic growth 2006-2012
During the 2006 the data on Uk’s economic growth was slowly started to
reduce and by 2007 and 2008 it significantly reduced due to the credit
crunch, this is where there wasn’t much money available in the banks which
cause people not to take loan and for the bank to they had to take the
house of people who did not pay back their loans which left them homeless
...