Macroeconomics

Macroeconomics

1. The growth rate of real GDP

A measure of economic growth from one period to another expressed as a percentage and adjusted for inflation (ie expressed in real terms compared to the nominal value). The real rate of economic growth is a measure of the rate of change than the GDP of a country (GDP) of experience from one year to another. Gross national product (GNP) can also be used if the economy of a nation depends largely on foreign income. The real rate of economic growth based on the rate of economic growth, taking into account the effect of inflation ...