Explain about economys growth rateeconomys growth rate, Ask an Expert

Economics

Explain about Economys growth rate

Economy's growth rate: Long-term economic growth, or tendency growth, is the rate of growth the economy can sustain, ignoring the short-term ups and downs of the economic cycle. It can be demonstrate by the outward movement of the economy's production possibility frontier. The percentage annual enhance in real GDP measures economic growth.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9574691

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