Economic Growth

  • Masudul Alam Choudhury


Economic growth is measured by two complementary indicators. First, it involves the rate of change of real output. Real GNP is defined as,
$$ GN{P_r} = GNP\;in\;market\;prices/(1 + rate\;of\;change\;in\;prices).\;$$


Technological Change Technical Change Wage Bill Production Possibility Frontier Aggregate Production Function 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media New York 1999

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  • Masudul Alam Choudhury

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