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Economic Growth- the way U.S. Economy works and grows.

Date Submitted: 09/24/2002 05:36:12
Category: / Business & Economy / Economics
Length: 5 pages (1462 words)
Economic Growth is defined as the way that the real income of an economy increases over time. This generally signifies that the economy is wealthier and producing more, individuals are better off, and that living standards are higher. A more technical definition would go into the way that Economic Growth is measured usually in terms of the Gross Domestic Product (GDP) the sum total of the value of a country's output over the course of …
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