Theoritical aspects of Economic Growth

Authors

  • Berdiyev G‘ayrat Ibragimovich Gulistan State University, Head of the Department of Economics
  • Eshbekov Alisher Faculty of Social Economics (by industries and sectors) 2nd year student of Gulistan State University

Keywords:

: economic growth, GDP, GNP, increase, productivity, quality of life, standard of living.

Abstract

Economic growth is an increase in the production of economic goods and services, compared from one period of time to another. It can be measured in nominal or real (adjusted for inflation) terms. Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP), although alternative metrics are sometimes used.

References

Gordon, Robert J. (29 August 2017). The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War. Princeton University Press. pp. 38–39. ISBN 978-0-691-17580-5.

Mankiw, Gregory (2011). Principles of Macroeconomics (6th ed.). p. 236. ISBN 978-0538453066.

Barro, Robert; Sala-i-Martin, Xavier (2004). Economic Growth (2nd ed.). p. 6. ASIN B003Q7WARA.

Das, Tuhin K. (2019). "Das, Tuhin K., Cross-Sectional Views of GDP Growth in the Light of Innovations". doi:10.2139/ssrn.3503386. S2CID 219383124.

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Published

2022-06-12

How to Cite

Berdiyev G‘ayrat Ibragimovich, & Eshbekov Alisher. (2022). Theoritical aspects of Economic Growth. INTERNATIONAL JOURNAL OF RESEARCH IN COMMERCE, IT, ENGINEERING AND SOCIAL SCIENCES ISSN: 2349-7793 Impact Factor: 6.876, 16(06), 92–94. Retrieved from https://gejournal.net/index.php/IJRCIESS/article/view/614

Issue

Vol. 16 No. 06 (2022): International Journal of Research in Commerce, IT, Engineering, and Social Sciences

Section

Articles