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Economic Growth (Economic Growth (Definiton (The annual increase in the…

- - - - Measures the monetary value of goods and services produced within a country for a given period of time (usually 1 year)
    - - Measures the monetary value of goods and services produced within a country during a given period of time (usually 1 year)
    - - The sum of capital spending by all businesses within a country
    - - The monetary value of the difference between a nation's exports earnings and its import expenditure
    - - Measures the average annual GDP per capita
- - - - Consumption expenditure, which is the total spending in goods and services produced within a country during a given period of time
    - - Investment expenditure, which is the capital spending of firms used to increase production and to expand the economy's productive capacity
    - - Government spending, which is the total consumption and investment expenditure of the government
    - - Export earnings, which is the monetary value of all exports sold to foreign buyers
    - - Import expenditure, which is the monetary value of all payments for imports