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Which economic indicator does not measure economic growth?
Unemployment rate
What is the official measure of economic growth called?
The official measure of economic growth is called Gross domestic product ( gdp) . I remember learning it in business
What are the two ways to measure economic growth Why is economic growth important What are the two sources of economic growth?
ways to measure economic growth:1 GDP- gross domestic product2 GNP- gross national productThese show how much money is flowing around the economyhope this helps
What is Economic growth is a measure of the increase in?
the gross domestic product.
What indicators does not measure economic growth?
Economic growth can be measured in nominal terms, which include inflation. The growth of an economy is thought of not only as an increase in productive.
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
Why is real GDP used to measure economic growth?
a real lady
What is The most basic measure of economic growth?
GDP (Gross Domestic Product)
What is one major measure of economic growth?
Per Capita Real GDP
Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
The measurement of economic growth begins with the Gross National Production?
The measurement of economic growth begins with the Gross National Production. This is the measure of all the good and services that are produced by a country.
How economic growth is different from economic development?
Economic growth is defined by increases in GDP. Whereas, economic development is more of a vague measure usually encorporating social measures such as literacy rates or life expectancy as a means of measuring a country's level of development.
