The economic growth rate is expressed as the ________.

Question

Quizplus · Accepted Answer

The economic growth rate is typically expressed as the annual percentage change in real GDP, which reflects the overall increase or decrease in the economic output of a country over the period of a year. This measure does not account for changes in population, so it is not directly related to the growth rate of the population. The other answer choices are related to measures of economic well-being, such as real GDP per person or the standard of living, but they do not represent the growth rate of the economy itself.

The Economic Growth Rate Is Expressed as the ________