Define economic growth. economic growth synonyms, economic growth pronunciation, economic growth translation, English dictionary definition of economic growth. A rise in the National Income which implies a rise in living standards. Dictionary of Unfamili
There is essentially a tradeoff between more production now or economic growth in the future. For a country to achieve increased future consumption, they must decrease the production of goods and services. The forgone current consumption is the opportunity cost of economic growth. 1. Technological C...
A healthy gross domestic product (GDP) growth rate is considered to be one that is sustainable so that they economy can remain in the growth phase for as long as possible. Several countries are exhibiting extremely healthy economies on the global platform. Gross domestic product (GDP) represents...
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the more rapid will be the rate of growth. Governments giving a high priority to growth have various means at their disposal for influencing it. Consumption can and has been constrained through increases in incometaxrates. The same is true of other tax rates such as the property tax—the chi...
An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period. The economic growth rate is used to measure the comparative health of an economy over time. The numbers ...
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The real economic growth rate is expressed as a percentage that shows the rate of change in a country's GDP, typically from one year to the next. Another economic growth measure is thegross national product (GNP), which is sometimes preferred if a nation's economy is substantially dependent...
Learn about the benefits of sustainable economic growth. Explore the barriers to economic sustainability and how businesses can promote economic...
微观经济学英文题库:chapter 23 Economic Growth.doc,Economics, 11e, Global Edition (Parkin) Chapter 23 Economic Growth 1 The Basics of Economic Growth 1) The best definition for economic growth is A) a sustained expansion of production possibilities measu