Macroeconomic Indicators and Objectives · Macroeconomics

Measuring Economic Growth (GDP)

Defining Gross Domestic Product and its limitations as a measure of national well being.

Key Questions

  1. 1What does GDP fail to capture about the quality of life in a modern city state?
  2. 2How does sustainable growth differ from rapid, short term economic expansion?
  3. 3Why is the growth of the manufacturing sector critical for Singapore's overall GDP?

MOE Syllabus Outcomes

MOE: National Income Accounting - S3MOE: Economic Growth - S3
Level: Secondary 3
Subject: Economics
Unit: Macroeconomic Indicators and Objectives
Period: Macroeconomics

Suggested Methodologies

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