Growth Rate
Percentage increase in economic/market measure over period.
Formula
Growth Rate (%) = ((New Value − Old Value) / Old Value) × 100
Real World
China's GDP growth rate averaged 10% annually between 1980–2010, making it the world's fastest-growing major economy and attracting mass FDI from firms like Apple and Volkswagen.
Exam Focus
Always state what is growing (GDP, market size, sales) — vague use of 'growth' loses marks.
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