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Economic Growth
Economic growth refers to the increase in the production and consumption of goods and services in an economy over a period of time.
Economic Development
A Term referring to improvements in the economic well-being of a nation, including material and non-material factors such as growth in incomes and wealth
Real GDP
GDP divided by rate of inflation
Real GDP Per Capita
GDP divided by the size of the population
Consumption Expenditure
Part of AD and defined as the total value of all expenditures
Private Investment Expenditure
Government Expenditure
Expenditure by all areas of government and commonly broken up into G1 and G2
Net Exports
Recession
Disinflation
Deflation
Material Living Standards
Non Material Living Standards
Leading Indicator
Lagging Indicator
Coincident indicator
Productivity
Consumer Confidence
Business Confidence
Terms of Trade
Aggregate Demand
Aggregate Supply
Income Inequality
Disposable Income
Inflation