How can we achieve the constant economic growth rate of 10% every year?
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An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period. The economic growth rate is used to measure the comparative health of an economy over time. The numbers are usually compiled and reported quarterly and annually.
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Explanation:
What Is an Economic Growth Rate?
An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period. The economic growth rate is used to measure the comparative health of an economy over time. The numbers are usually compiled and reported quarterly and annually.
In most cases, the economic growth rate measures the change in a nation's gross domestic product (GDP). In nations with economies that are heavily dependant on foreign earnings, gross national product (GNP) may be used. The latter takes into account net income from foreign investments.
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