Economic growth
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Economic growth is an increase in a nation's capacity to produce goods and services over time. It is usually calculated using a country's gross domestic product (GDP) as compared to the country's population.[1]
Sources
http://usinfo.state.gov/products/pubs/oecon/chap12.htm
- â Bjork, Gordon J. (1999). The Way It Worked and Why It Wonât: Structural Change and the Slowdown of U.S. Economic Growth. Westport, CT; London: Praeger. pp. 2, 67. ISBN 0-275-96532-5