Economic Growth Flashcards

(2 cards)

1
Q

Define economic growth

A

Economic growth is an increase in the amount of goods and services produced over a period of time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Whats GDP

A

Means the total output produced in a country

(GROSS DOMESTIC PRODUCT)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly