IB Diploma Economics:
The Level of overall Economic activity

This section of the IB Economics course examines economic activity by modeling the the circular flow model, before turning attention to how economy’s total output and income can be measured. Growth in output and income are considered. Finally, the business cycle, which is a recurring pattern of increasing and decreasing economic activity are examined in the the overall level of economic activity topic in IB Economics.

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The level of overall economic activity  – Topics:

• Economic activity
  
• Measures of economic activity
  
• Calculations of GDP HL
  
• The business cycle
  

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