How does the rate of growth of an economy is measured ........

Economics- Phase (I & II) Monetary and Fiscal Policy

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How does the rate of growth of an economy is measured?

In terms of per capita

in terms of poverty line

in terms of industrial development

in terms of national income.

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Explanation:

Economic growth is the increase in the market value of goods and services produced by an economy over a period of time. It is measured as the percentage rate increase in the real gross domestic product (GDP). On a global scale, economic growth is the sum of the growth of individual countries to give a worldwide total.