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What are characteristics of economic growth

User Pwaterz
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First you need what a economic growth is, Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.Growth is usually calculated in real terms- i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. The the charactersticts are that you make alot of money. I hope this helps!!

User Victor Dodon
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