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Hekmat Salem

Hekmat Salem

Accountant

Answered 19315 | Rating 97.6%

Banking & Finance
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what is the defination of economic growth

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Expert's Answer: Hekmat Salem

Hekmat Salem

Hekmat Salem

Accountant

Answered 19315 | Rating 98%

Dear Sir,

Thanks for joining and trusting us, you are very welcome!

 

In accordance to your query, we would like to clarify that the Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation Traditionally, aggregate economic growth is measured in terms of gross national product or gross domestic product  although alternative metrics are sometimes used.
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Hekmat Salem

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Hekmat Salem

Hekmat Salem

Accountant

Answered 19315 | Rating 97.6%

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