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  • 26-02-2020
  • Social Studies
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Which of the following are used by economists to define and measure economic growth?

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oreoluwa2001ng
oreoluwa2001ng oreoluwa2001ng
  • 26-02-2020

Answer:

Explanation: Economic growth is an increase in the production of goods and services over a specific period. It can also be defined as an increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It can be measured as a percentage increase in real gross domestic product. It can also be measured as the total income earned by the people of a country via their involvement in an economy's production process.

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