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What term references a period of economic growth as measured by a rise in the real GPD?
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What is a period of economic growth as measured by a rise in real GDP called?
An expansion
What is a period of economic growth called?
A period of economic growth is an economic boom
How economic growth of a country is measured?
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.
What is a period of rising economic growth and increasing employment.?
Recovery
Which economic term describes a period of slow economic growth that also has inflation?
Recession
What is a period of economic growth as measured by a rise in real GDP called?
An expansion
What is a period of economic growth called?
A period of economic growth is an economic boom
How economic growth of a country is measured?
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.
What is a period of rising economic growth and increasing employment.?
Recovery
What is a boom in a business?
A boom is a period of rapid economic growth, prosperity.
Which economic term describes a period of slow economic growth that also has inflation?
Recession
What is entire period of economic growth followed by slowing or declining?
A business cycle
What does the term Stagflation referred to?
a period of high inflation and slow economic growth
Was Indonesia's main period of economic growth under President Sukarno?
its false
How is economic growth measured?
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
Define recession recovery and expansion?
Recession- A significant decline in activity regarding the economy. A recession usually declines such matters as employment, industrial production, real income, and wholesale-retail trade. A recession is measured in two consecutive terms of negative economic growth by the country's gross domestic product. Recovery- The period, after a recession, of growth due primarily to the utilization of economic capacity which became idle during the recession. Expansion- The period of economic growth after a recovery in which the increase of GDP is due to increases of productivity and addition of new economic capacity, rather than utilization of idle capacity.
How is economic growth represented?
Economic Growth can be represented as the rise in the real GDP 9total value of goods and services in a country) over a period of time (usually 1 year)
