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Published on Oct 25, 2011
An informal and accessible introduction to GDP (Gross Domestic Product) and the Economic Cycle. From the website www.economicsrevealed.co.uk - teacher, lecturer and speaker Nick Langston-Able gives an 'off-the-cuff' explanation of GDP and growth with reference to the UK economy. He then explains the economic cycle including the concepts of an upturn, downturn, slump, recession, and boom.