What are economic growth and the growth rate economic, Ask an Expert

Economics

What are economic growth and the growth rate?

Economic grow:

It rise in a country is real level of national output like measured through Gross Domestic Product (GDP). When GDP raises over time here is economic growth.

The rate of economic grows: It the percentage raise into real GDP over twelve months.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9579485

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