Growth Definition and 326 Threads

Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy over time. Statisticians conventionally measure such growth 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 prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared using the ratio of the GDP to population (per-capita income).The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in the average level of GDP over the period, and ignores any fluctuations in the GDP around this trend.
Economists refer to an increase in economic growth caused by more efficient use of inputs (increased productivity of labor, of physical capital, of energy or of materials) as intensive growth. In contrast, GDP growth caused only by increases in the amount of inputs available for use (increased population, for example, or new territory) counts as extensive growth.Development of new goods and services also generates economic growth. As it so happens, in the U.S. about 60% of consumer spending in 2013 went on goods and services that did not exist in 1869.

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  1. K

    I What if the early expansion of the Universe was not so rapid?

    Hi. If the early universe did not undergo rapid expansion but rather a more controlled growth like the human body, how old would the universe be given its present size? thanks
  2. M

    A New paper claims there is evidence of suppression of structure growth

    A paper by Nhat-Minh Nguyen, Dragan Huterer, Yuewei Wen titled "Evidence for suppression of structure growth in the concordance cosmological model" https://arxiv.org/abs/2302.01331 The abstract says: We present evidence for a suppressed growth rate of large-scale structure during the...
  3. somasimple

    Medical Is there a contradiction between growth and membrane potential?

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  4. karush

    MHB How does the population of a southern city follow the exponential law?

    $\tiny{\textbf{6.8.7}}$ Kiaser HS Population Growth The population of a southern city follows the exponential law (a) If N is the population of the city and t is the time in years, express N as a function of t.$N(t)=N_0e^{kt}$ (b) If the population doubled in size over an 18-month period and...
  5. T

    MHB How Does Exponential Growth Affect a Bacterial Population?

    A bacterial population x is known to have a growth rate proportional to x itself. If between 12 noon and 2:00 pm, the popilation triples. 1. What is the growth rate pf the given problem? 2. Is the number of bacterial population important to the problem? 3. At what time should x become 100...
  6. H

    Determining the growth of two functions using Big-Oh definition

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  7. M

    Question about boundary layer growth in convergent and divergent ducts

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  8. diegzumillo

    I Average of prime factors growth

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  9. PainterGuy

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  10. S

    A What is the difference between aggregation, nucleation and growth?

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  11. Ryan_m_b

    B Discover the Black Hole Growth Rate: Time Frame for Consuming Planetary Mass

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  12. scottdave

    B Using a logarithmic scale to represent COVID-19 growth

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  13. L

    MHB Jack and Jane: Same Height, Different Growth

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  14. S

    MHB Computation based on linear growth

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  15. S

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  16. karush

    MHB 2.7.263 AP calculu Exam Population growth

    image to avoid typos Ok I'm clueless,
  17. R

    Tin Whisker (TW) growth in Electronics

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  18. V

    A What type of function satisfy a type of growth condition?

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  19. V

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  20. S

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  21. A

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  22. S

    A Physical significance of growth rate in plasma

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  23. E

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  24. O

    MHB Calculus I - Relative Growth Rate help

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  25. J

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  26. D

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  27. T

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  31. Elissa Damron

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  32. W

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  33. FritoTaco

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  34. S

    MHB Gradients of curves to find average growth rate between two points

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  35. E

    B Logarithmic growth vs exponential growth

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  36. E

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  37. E

    Algorithm Analysis - Growth of Functions

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  38. patrickmoloney

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  39. M

    MHB What is the growth rate of a differentiable function?

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  40. karush

    MHB Is There a Discrepancy in the Bacteria Growth Formula?

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  41. Battlemage!

    I Lim f(x)/g(x) as x->∞ and relative growth rate of functions

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  42. Aafia

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  43. F

    Lorenz system directions of fastest growth

    Homework Statement A Lorenz system is given by x' = sy - sx y' = 3sx - y - xz z' = xy - bz In the vicinity of point x = y = 2s, z=4s , for s>>b, show motion is aligned with the y,z plane (sub these values in and x' is 0). By considering the evolution of vectors [2,0,1+sqrt(5)] , [0,1,0]...
  44. L

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  45. alexandria

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  46. alexandria

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  47. coolsalena

    I How does pH affect crystal growth?

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  48. H

    News Is unrestrained population growth ethical....

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  49. E

    Is Home-Based Diamond Coating of Magnetic Implants Possible?

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  50. S

    A Different equations for the growth factor

    Hi everyone, I am looking for the correct form of the growth factor in large scale structure. I have found two different equations which I think are not consistent! Can anyone please tell me why it is like this? The first one if from the book "formation of the structure in the universe" Edited...
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