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Finance Dictionary and Glossary of Investment Terms
economic growth rate
Definition 1.
The pace at which economic growth increases during a given interval. The quantities most commonly used to measure economic growth rate are Gross National Product and Gross Domestic Product. The growth in Gross Domestic Product is usually a good indication of economic growth, but in an economy for which earnings from overseas are substantial in relation to Gross Domestic Product, it is better to look at Gross National Product.
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Definition 2.
The annual percentage rate of change in the Gross National Product.
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