ECONOMIC

GROWTH
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ECONOMIC GROWTH
WHAT IS ECONOMIC
GROWTH
economic growth is
the increase
production of
economic goods
and services,
compared from one
periof of time to
another
HOW TO MEASURE ECONOMIC
GROWTH?
GDP is important because it gives information about the size of
the economy and how an economy is performing. The growth
rate of real GDP is often used as an indicator of the general
health of the economy.

the Monthly Unemployment report,

including weekly non-farm payrolls.

Consumer Price Index (CPI),

which measures pricing power.
 Economic growth describes how much an entity, such as a
country, is increasing and improving the goods and services it
produces.

Economic growth generates job opportunities and hence stronger

demand for labour, the main and often the sole asset of the poor.
In turn, increasing employment has been crucial in delivering
higher growth.