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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.
ANSWERS: 1. State two (three) definitions of economic growth. Economic growth can also be defined and measured as an increase in real GDP per capita occurring over a period of time. Economic growth is usually calculated as an annual percentage rate of growth.NSWERS: 1. State two (three) definitions of economic growth. Economic growth can also be defined and measured as an increase in real GDP per capita occurring over a period of time. Economic growth is usually calculated as an annual percentage rate of growth.