Question

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Answer 1

Answer:

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Explanation:

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Answer 2

Explanation:

Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared[by whom?] using the ratio of the GDP to population (per-capita income).

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