What is a cohabiting, definition of cohabiting, meaning of cohabiting, cohabiting anagrams, word that start with cohabiting.
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.
Economic growth means a higher standard of living, provided population does not grow even faster. And if it does, then economic growth is even more important to maintain the current standard of living. Economic growth allows the lessening of poverty even without an outright redistribution of wealth. If population is growing at 2.5 percent a yearâand it is in some of the poorest nationsâthen a 2.5 percent growth rate of real GDP means no change in living standards. A 3.0 percent growth rate means a gradual rise in living standards.