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Question
Define Economic Growth.
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Solution
This question defines what economic growth is : Economic
growth is an
increase in the the production of economic goods and services, compared from one period of time to
another. It can be measured in nominal or real (adjusted for inflation) terms.
This question defines what economic growth is : Economic growth is an increase in the the production of economic goods and services, compared from one period of time to another. It can be measured in nominal or real (adjusted for inflation) terms.
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