Economic Growth in the United States
Concept of Economic Growth
In the U.S., in the context of Political Economy and Public Policy, Economic Growth has the following meaning: Increase in the value of goods and services produced in an economy, over a given time period. For instance, growth in the American economy is calculated quarterly and annually, by using various indexes, such as estimates of gross domestic product which include measures of private consumption, capital investment, and the like). (Source of this definition of Economic Growth : University of Texas)
Economic Growth
Resources
See Also
- Political Economy
- Public Policy