how is the growth rate of a country determined.
help me please
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Economic growth is defined as the increase in the market value of the goods and services produced by an economy over time. It is measured as the percentage rate of increase in the real gross domestic product (GDP). To determine economic growth, the GDP is compared to the population, also know as the per capita income.
gurpreet19914789:
thanks very much
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Answer of your question is here,
we can simply determine the growth rate of a country by knowing it's population and we should know that how many babies are born in one hour , in one day and than we can know about the grow at growth rate
we can simply determine the growth rate of a country by knowing it's population and we should know that how many babies are born in one hour , in one day and than we can know about the grow at growth rate
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