define the term economic growth
Answers
Answered by
1
Answer:
Economic growth is an increase in the production of economic goods and services, compared from one period of time to another. It can be measured in nominal or real (adjusted for inflation) terms. Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP), although alternative metrics are sometimes used.
Answered by
1
Answer:
Economic growth is an increase in the production of goods and services over a specific time.
Similar questions