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Economic Growth: Definition, Measurement, Causes, Effects Gross domestic product is the best way to measure economic growth. It takes into account the country's entire economic output. It includes all goods and services that businesses in the country produce for sale. It doesn't matter whether they are sold domestically or overseas. Economic Growth Definition - Investopedia 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 ... Economic growth - Wikipedia 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.. Growth is usually calculated in real terms - i.e., inflation-adjusted terms to eliminate the distorting effect of inflation on the price of goods produced.
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