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20: Economic Growth

Last updated

Jan 4, 2021
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- 19.4: Cost of Living
- 20.1: Comparing Economies

Boundless
Boundless

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Topic hierarchy

20.1: Comparing Economies
Economic growth is measured as the increase in real gross domestic product (GDP) in the long-run, through higher resources or productivity.
20.2: Assessing Growth
Economic growth is the increase in the market value of goods and services produced by an economy over time; the percentage rate of increase in the GDP.
20.3: Productivity
Increasing productivity is a rare win-win, improving the standard of living from a governmental, commercial and consumer perspective.
20.4: Long-Run Growth
Long-run growth is defined as the sustained rise in the quantity of goods and services that an economy produces.
20.5: The Impact of Policy on Growth
The government can incentivize savings and investment by changing the relative cost of taking each action.

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