Economists use the term long-term growth to indicate:

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Long-term growth refers to the growth of an economy over several decades. It is a measure of economic development over a long period of time and is usually measured in terms of the increase in real GDP. Long-term growth is different from the expansion phase of the business cycle, which is a short-term increase in economic activity. It is also different from the growth of an individual company, which is the long-run growth of the value of the company.

Economists Use the Term Long-Term Growth to Indicate