What are the different measures of economic growth?
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Answer Posted / Iqbal Ahmed
1. Gross Domestic Product (GDP): The total value of all goods and services produced within a country's borders in a given period. 2. Gross National Product (GNP): The market value of all final goods and services produced by the labor and property supplied by the residents of a country. 3. Per Capita Income: The average income earned per person in an economy. 4. Index of Industrial Production (IIP): A statistical measure of the growth of large industrial enterprises.
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