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The Trade (Business) Cycle and the
Output Gap
EdExcel AS Economics 2.5.3
Economic Cycle Concepts
Boom
A period when the rate of growth of real GDP is fast and
higher than the long-term trend
Busi...
Real GDP Growth in the UK Economy
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
2010 2011 2012 2013 2014 2015* 2016* 2017* 2018* 2019...
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