Financial Dictionary
Atlantic Financial
Atlantic Financial
Investment
Word
Economic growth is an increase in the capacity of an economy to produce goods
and services, compared from one period of time to another. Economic growth can
be measured in nominal terms, which include
inflation, or in real terms (which are adjusted for
inflation).
For comparing one country's economic growth to another, GDP or GNP per capita
should be used as these take into account population differences between
countries.
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