Increases in real Gross Domestic Product.
GDP growth. The rate of change in real gross domestic product.
If there is economic growth this year, more goods and services have been produced this year than last year.
an increase in per capita income, resulting from the increased production of goods and services.
Increase in the capacity to provide people with goods and services produced by an economy; an increase in real GNP. Compare economic development, environmentally sustainable economic development, sustainable economic development.
An increase in an economy's ability to produce goods and services which brings about a rise in standards of living.
is more economic activity, but that does not always mean that the activity is sustainable. Economic growth can occur with less economic activity.
An increase in real output as measured by real GDP or per capita real GDP. View Capstone Lesson(s) that address this concept
steady growth in the productive capacity of the economy (and so a growth of national income)
Growth that occurs when increasing amounts of goods and services are produced over the long term; generally measured as GDP (gross domestic product) or GDP per capita and compared on a quarterly and annual basis. Economic growth is a goal for which economies strive in order to improve the material standard of living of the society.
The increase over a period of time in the production of goods and services and the capacity to produce goods and services. Economic growth is usually measured as the percentage increase in gross national product over a specified period of time, after adjusting for inflation; since population is constantly changing, a more precise measure is the rate of growth of real per capita income.
A measure of the annual change in the amount of goods and services produced (output), usually defined as the annual percentage change in real Gross Domestic Product (GDP).
The annual percentage increase in the real output of an economy.
An increase in the quantity of goods and services available in an economy relative to the population, i.e. output/capita
An increase in an economy's ability to produce goods and services over time.
increase in the amount of goods and services we can buy
reflects the increase in the production of goods and services over time and is often used as a measure of increased material well-being generated through economic activity. Economic growth is driven by greater use of inputs (such as labour, capital and natural resources) and/or growth in productivity. It is usually reported as a percentage increase in Gross Domestic Product (GDP) for a country or Gross State Product (GSP) for a state.
An increase in the production of goods and services over a given period. Nominal growth is the increase including changes in prices while real growth is the increase excluding changes in prices. Statisticians and economists have developed a concept called constant dollars so that they can exclude price changes from measures of growth. Constant dollar gross domestic product (GDP) is a measure of growth using the prices of a base year. Changes in constant dollar GDP only capture changes in actual or real production.
An increase in the total wealth of a nation; if population grows faster than the economy, there may be real economic growth, but the share per person may decline.
A measure of the increase in real gross domestic product.
Economic Growth is an increase in the total output of an economy over a period of time. When new productive resources are available or when more products and goods are produced with existing resources, economic growth takes place. New resources could be a larger working age population, larger investments in infrastructure, or machines used to help increase current worker productivity.
An increase in the total output of a nation over time. Economic growth is usually measured as the annual rate of increase in a nation's real GDP.
The increase of the productive capacity and output of a country (or region), usually measured in terms of Gross National Product.
the growth in wealth of a nation. This is measured by an increase in the total value of goods produced by a country in a year (GDP), or by the amount of money made by the population (national income). An economy can grow without benefiting everyone in it. In the 1970s Brazil's economy grew at rates of around 10%, but at the end of that time the gap between rich and poor had widened. For this reason, economic growth is not always used to show that a country is developing. Many people also look at social indicators for example, increases in the number of hospitals or schools or the amount of births or deaths.
an increase in a nation's productivity. Growth offers more goods and services to a nation's people
The rate of change (increase or decrease) in gross domestic product.
increased production levels of goods and services. If measured in monetary terms, the increases must occur after adjustments for inflation have been made.
A sustained increase in total output or output per person for an economy over a long period of time.
The result of a sustained increase in an economy's productive capacity over time. Measured by real GDP
The increase in a country's production of all goods and services. It is measured by the percentage increase in that country's GDP.
An increase in the nation's capacity to produce goods and services.
Economic growth is the expansion of production possibilities that results from capital accumulation and technological change. Economic growth allows for the economy's production possibilities frontier (PPF) to expand.
Through this process, a country increases its ability to produce goods and services. Source: World Bank
The rate of change in output from one year to the next.
Economic growth is the increase in value of the goods and services produced by an economy. It is conventionally measured as the percent rate of increase in real gross domestic product, or GDP. Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to net out the effect of inflation on the price of the goods and services produced.