Zhongshan Map on Smith, Demystifying Economics (Ironwood Publications, 2000). SYED B. HUSSAIN, PH.D. UNIVERSITY OF WISCONSIN, OSHKOSH growth ECONOMIC GROWTH REFERS to a continual increase in a country’s ability to produce goods and services. The amount of goods and services produced by an economy at a given period of time, usually a year, is called the GROSS DOMESTIC PRODUCT (GDP). When GDP is adjusted for the general increase in prices (i. Zhongshan Map 2016.
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