Question

why economic growth is quantitative measure ​

Answer 1

Answer:

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. ... Development of new goods and services also creates economic growth.

Explanation:

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Answer 2

Answer:

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.

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