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31 August, 10:36

Which of the following are used by economists to define and measure economic growth?

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  1. 31 August, 10:49
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    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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