A fall in consumption, production and real GDP happen
during
Prosperity
period
Recession
period
Expansion
period
Boom
period
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Economic growth is an increase in real GDP; it means an increase in the value of goods and services produced in an economy. ... There are several factors affecting economic growth, but it is helpful to split them up into: Demand-side factors (e.g. consumer spending) Supply-side factors (e.g. productive capacity
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