ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The percentage change in real GDP, from one period to another, is called
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Real GDP.
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Nominal GDP.
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The rate of economic growth.
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GDP per capita.
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Explanation:
Detailed explanation-1: -GDP Growth Rate is also known as the Economic Growth Rate, and it measures the change in the GDP of the country in comparison to an earlier period. The amount of change is measured in percentage (%), which serves as a determinant of economic health in the country and the possible growth in the future.
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