Growth (Economic)
Increase in economic output; real GDP growth.
Formula
Economic Growth (%) = ((GDP this year − GDP last year) / GDP last year) × 100
Real World
China sustained GDP growth above 8% annually for three decades, enabling businesses like Alibaba to scale from start-up to trillion-dollar company within a single generation.
Exam Focus
Use 'real GDP growth' not 'GDP growth' in answers — examiners expect you to account for inflation automatically.
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