economic growth rate

Definition

The pace at which economic growth increases during a given interval. The quantities most commonly used to measure economic growth rate are Gross National Product and Gross Domestic Product. The growth in Gross Domestic Product is usually a good indication of economic growth, but in an economy for which earnings from overseas are substantial in relation to Gross Domestic Product, it is better to look at Gross National Product.

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The economic growth rate was really cool to track and we were all proud of what we were doing and how we did it.

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You should always try and follow your economic growth rate and see if it is keeping up with what you had planned.

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The economic growth rate was very sluggish in the French economy for the last four years, but the President hoped to see uptick soon.

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real economic growth rate economic growth