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    Economic growth can be defined as the increase in the inflation-adjusted market value of goods and services produced in an economy in a year, conventionally measured as the percent increase in real GDP. Key indicators of economic growth include GDP, inflation, retail sales, and unemployment. Economic growth depends on factors like investment in infrastructure and education that drive productivity and innovation.

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    Economic growth can be defined as the increase in the inflation-adjusted market value of goods and services produced in an economy in a year, conventionally measured as the percent increase in real GDP. Key indicators of economic growth include GDP, inflation, retail sales, and unemployment. Economic growth depends on factors like investment in infrastructure and education that drive productivity and innovation.

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    © All Rights Reserved
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    4 views5 pages

    Barcenas

    Uploaded by

    Buffle qwee
    Economic growth can be defined as the increase in the inflation-adjusted market value of goods and services produced in an economy in a year, conventionally measured as the percent increase in real GDP. Key indicators of economic growth include GDP, inflation, retail sales, and unemployment. Economic growth depends on factors like investment in infrastructure and education that drive productivity and innovation.

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    © All Rights Reserved
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    of 5

    DEVELOPING

    OPPORTUNITIES
    BARCENAS, M.
    TURTOR, M.
    VISAYA, L.
    Image showing economic growth:
    WHAT IS ECONOMIC GROWTH?

    • Economic growth can be defined as the increase or improvement in the

    inflation-adjusted market value of the goods and services produced by an

    economy in a financial year. Statisticians conventionally measure such

    growth as the percent rate of increase in the real gross domestic product, or

    real GDP.
    INDICATORS AND FACTORS:

    • GDP

    • Inflation

    • Retail Sales

    • Unemployment

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