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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Write the meaning of Economic Growth. - Economics

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Question

Write the meaning of Economic Growth.

Short Note

Solution

A country’s economic growth is usually indicated by Gross Domestic Product (GDP). The GDP is the total monetary value of the goods and services produced by that country over a specific period of time, usually one year.

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Meaning of Growth and Development
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Chapter 7: Indian Economy - Model Questions - Part B [Page 164]

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Samacheer Kalvi Economics [English] Class 11 TN Board
Chapter 7 Indian Economy
Model Questions - Part B | Q 21 | Page 164
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