everything
Unemployment rate
The official measure of economic growth is called Gross domestic product ( gdp) . I remember learning it in business
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
the gross domestic product.
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.
It measures the economic growth of a country,
a real lady
GDP (Gross Domestic Product)
Per Capita Real GDP
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. This is the measure of all the good and services that are produced by a country.
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.