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Username: ForexGuy

Rating:
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Asked to: Jun Wang

Date Created: 02 Mar 2015
Category 28
Tag Forex
Question What is economic growth?
Advice from Guru
Hi Forex Guy,

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Economic growth can be measured in nominal terms, which include inflation, or in real terms, which are adjusted for inflation. For comparing one country's economic growth to another, GDP or GNP per capita should be used as these take into account population differences between countries.
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