Economic growth can be described as an increase in the volume of goods and services produced or their economic value. It is measured in the gross domestic product (GDP) by a country over a period of time. With economic growth, unemployment and poverty are believed to decrease. Increased output of goods requires more workers, which lowers unemployment and creates workers who can pay for basic needs.
How do some economists define economic growth? How is it measured? Explain how economic growth can influence other critical social issues, such as unemployment and poverty. Provide examples.
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Academic.Tips. (2023) 'How do some economists define economic growth? How is it measured? Explain how economic growth can influence other critical social issues, such as unemployment and poverty. Provide examples'. 15 March.
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Academic.Tips. (2023, March 15). How do some economists define economic growth? How is it measured? Explain how economic growth can influence other critical social issues, such as unemployment and poverty. Provide examples. https://academic.tips/question/how-do-some-economists-define-economic-growth-how-is-it-measured-explain-how-economic-growth-can-influence-other-critical-social-issues-such-as-unemployment-and-poverty-provide-examples/
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Academic.Tips. 2023. "How do some economists define economic growth? How is it measured? Explain how economic growth can influence other critical social issues, such as unemployment and poverty. Provide examples." March 15, 2023. https://academic.tips/question/how-do-some-economists-define-economic-growth-how-is-it-measured-explain-how-economic-growth-can-influence-other-critical-social-issues-such-as-unemployment-and-poverty-provide-examples/.
1. Academic.Tips. "How do some economists define economic growth? How is it measured? Explain how economic growth can influence other critical social issues, such as unemployment and poverty. Provide examples." March 15, 2023. https://academic.tips/question/how-do-some-economists-define-economic-growth-how-is-it-measured-explain-how-economic-growth-can-influence-other-critical-social-issues-such-as-unemployment-and-poverty-provide-examples/.
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Academic.Tips. "How do some economists define economic growth? How is it measured? Explain how economic growth can influence other critical social issues, such as unemployment and poverty. Provide examples." March 15, 2023. https://academic.tips/question/how-do-some-economists-define-economic-growth-how-is-it-measured-explain-how-economic-growth-can-influence-other-critical-social-issues-such-as-unemployment-and-poverty-provide-examples/.
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"How do some economists define economic growth? How is it measured? Explain how economic growth can influence other critical social issues, such as unemployment and poverty. Provide examples." Academic.Tips, 15 Mar. 2023, academic.tips/question/how-do-some-economists-define-economic-growth-how-is-it-measured-explain-how-economic-growth-can-influence-other-critical-social-issues-such-as-unemployment-and-poverty-provide-examples/.
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