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What is an 'Economic Growth Rate' An economic growth rate is a measure of economic growth from one period to another in percentage terms. This measure does not adjust for inflation; it is expressed in nominal terms.
Long Run Trend Rate of Growth. The long run trend rate of growth is the average sustainable rate of economic growth over a period of time. It could also be termed as the âunderlying trend rate of economic growthâ The long run trend rate is determined by growth in productive capacity. It is the rate of growth which is consistent with low inflation.