Monday, February 15, 2016

What is economic growth and how do we calculate its rate?



What is economic growth and how do we calculate its rate?

#Parkin #11edition #EconomicGrowth #Chapter23

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1 comment:

  1. Rully MangunsongFebruary 15, 2016 at 8:24 AM

    ANSWER
    Economic growth is the sustained expansion of production possibilities. It is measured by the increase in real GDP over a given time period. The economic growth rate is the annual percentage change in real GDP.

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