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Economic Growth can be defined as an increase in output produced by an economy in a period of time (usually a year) or an increase in the ability of an economy to produce goods and services.
Economic Growth itself can be measured by measuring an increase in GDP, Real GDP (GDP adjusted for inflation), or Real GDP per capita (a measure of standard of living) which means the increase in real output per person.
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How is economic stability measured?
Economic stability is measured by the stability of output growth (coefficient of variation) and average inflation 10-year average.
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.
How did economic growth in the south compared to economic growth in the rest of the country?
the economic growth lagged behind because they had to repair damages from the war
Which statement is true about the recession?
The technical indicator of a recession are 2 consecutive quarters of a negative economic growth as measured by a country's GDP is a true statement about recession.
What is a period of economic growth as measured by a rise in real GDP called?
An expansion
How is economic stability measured?
Economic stability is measured by the stability of output growth (coefficient of variation) and average inflation 10-year average.
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.
How did economic growth in the south compare to economic growth in the rest of the country?
Economic growth lagged behind because they had to repair damage from the war.
How did economic growth in the south compared to economic growth in the rest of the country?
the economic growth lagged behind because they had to repair damages from the war
How did the economic growth in the south compare to economic growth in the rest of the country?
Economic growth lagged behind because they had to repair damage from the war.
Which statement is true about the recession?
The technical indicator of a recession are 2 consecutive quarters of a negative economic growth as measured by a country's GDP is a true statement about recession.
What is the focus of the economic persppective?
The focus of economic perspective is economic growth of a country
. Which macroeconomic goal is generally measured by Gross Domestic Product?
economic growth
What is a period of economic growth as measured by a rise in real GDP called?
An expansion
Describe and analyze how economic stability is measured?
Economic stability is measured in two ways. First it can be measured by the coefficient of variation (stability of output growth) or secondly by the 10 year average for inflation.
What is the importance of handicraft in the economic growth of the country?
did i ask this.
How can microeconomics contribute to economic growth of a country?
yes
