percentage change of real GDP over a given period of time
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GDP (Gross Domestic Product)
Scarcity of resources
Economic growth that assures basic resources for the future is associated with sustainable human development. This type of development meets current needs without compromising the future.
scarcity of resources
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite. Egoism and its 'rational' variant 'capitalism' have a very simple basic principle (per definition; a priori). This basic makes it easy to defend 'economic growth'. The argument is: I just take my share, but don't be afraid, a couple of billions might seem madness in common sense, but after some 'rational growth' and the 'rational' 'inflation' there are 'rational' billions for others too
pp
GDP (Gross Domestic Product)
Scarcity of resources
Economic growth that assures basic resources for the future is associated with sustainable human development. This type of development meets current needs without compromising the future.
scarcity of resources
Gross Domestic Product is a basic measure of a country's overall economic performance.
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite. Egoism and its 'rational' variant 'capitalism' have a very simple basic principle (per definition; a priori). This basic makes it easy to defend 'economic growth'. The argument is: I just take my share, but don't be afraid, a couple of billions might seem madness in common sense, but after some 'rational growth' and the 'rational' 'inflation' there are 'rational' billions for others too
Tax reductions will spur economic growth in the long run.
There are thousands of spreadsheets used to track a country's economic condition. Perhaps you are thinking of Gross Domestic Product, a basic measure of a country's overall economic output.Here is how you calculate GDP:GDP = private consumption + gross investment + government spending + (exports − imports)
Scarcity of resources cause all nations to answer 3 economic questions because people have unlimited wants but limited resources to produce them.
Economic growth refers to the expansion of the national income-the total production of goods and services of a country over a given period. Economic growth is usually measured by the pace of change of gross domestic product (GDP) after adjustment for inflation also known as real GDP. Nominal GDP, on the other hand, refers to the market value of goods and services produced by a country and it can increase due to a rise in production of goods and services or a jump in their prices or both. The real GDP growth rate is equal to the nominal GDP growth rate minus the inflation rate from www.canadianeconomy.gc.ca/english/economy/economic_growth.html
In every type of economy? How about -- growth rate, employment rate, and trade balance.