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Identify the causes and effects of a recession, including its definition and its impact on the economy's production possibilities curve (PPC).

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  • Practise with linked questions.
Cambridge IGCSE EconomicsGovernment and the macroeconomy

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Quick explanation

Identify the causes and effects of a recession, including its definition and its impact on the economy's production possibilities curve (PPC)

  • This point belongs to Economic growth, especially Economic growth outcomes.
  • You need to be able to identify the causes and effects of a recession, including its definition and its impact on the economy's production possibilities curve (PPC).
  • The key ideas to know are Identify and Explain.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

IdentifyExplain

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This objective helps connect Economic growth outcomes to exam-style questions, flashcards, and revision notes for Economic growth.

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Practice Questions7 linked questions

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Paper 2 structured question: Economic growth

Paper 2Structured Questions1 marks

Description

Recession Overview

The economy has seen a significant decline in economic activity, leading to various consequences.

  1. a

    State the definition of a recession.

    Aim for approximately 1 distinct marking point.

    [1]
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Cambridge IGCSEEconomics resources