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What Is Environmental Economics?
What Is the Americans With Disabilities Act?
How Does the Government Borrow Money?
What Is Economic Growth?
Why Is the American Flag Red, White & Blue?
Positive Effects of Immigration
How to Start a Debate
About Different Types of Economies
What Is a Mixed Economy?
What Is a Recession?
What Is the National Grid?
Economists are responsible for predicting trends in the ever-changing economy. They help various agencies … More
Economic growth refers to an increase in a particular nation's gross domestic product, which is the amount… More
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The economic system of the United States is referred to as free enterprise; it is referred to as a capital… More
A mixed economy is an economy that consists of a combination of a market economy, in which there is free e… More
Interest rates affect the economy positively when they are down and negatively when they are up. Find out … More
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Different types of economies include the traditional economy, the market economy and the planned economy. … More
Summary: Economic growth refers to an increase in a particular nation's gross domestic product, which is the amount of goods and services produced by that country. Learn about disagreements over what is included in the gross domestic product with help from an online campaign manager in this free video on economic growth.
Bill Scher is a professional political blogger and one of the six original bloggers to have famously met with Bill Clinton at his Harlem office. He works for several Washington DC...read more
"What is economic growth? Economic growth is an increase in a nation's gross domestic product. And the gross domestic product is the amount of goods and services produced by that country and is generally the barometer for assessing the health of a nation's economy. However, there are some disagreements regarding what is included in the gross domestic product. For example, contributions to our nation's economy such as household work, child care, cleaning. Those types of things are not automatically reflected in the gross domestic product, and some say that actually distorts and undercounts all contributions to society. Conversely, environmental damage -- that can happen with global warming, for example -- does not automatically get reflected in the gross domestic product and can give a false sense of economic growth. Right now, China is growing very rapidly, but is spewing a lot of coal into the atmosphere, and so that damage to its economy is not being reflected by just looking at its gross domestic product."
eHow Article: What Is Economic Growth?
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