Unit 3.3(1) Macroeconomic objectives: economic growth

IB Economics: Unit 3.3(1) Macroeconomic objectives: economic growth

Economic growth is a key statistic used by economists to measure the performance of a country"s economy. Economic growth is the increase in a country’s real GDP over a given time period. This is normally one year although governments release growth data quarterly so they can continuously monitor changes in macroeconomic activity. Economic growth means the money value of goods and services produced by an economy is...

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