Share This Article:

Economic Definition of growth rate of production. Defined.

Offline Version: PDF

Term growth rate of production Definition: The percentage change in (usually real) gross domestic product from one year to the next. This is used to indicate the degree of progress or economic growth of an economy.

 

« growth rate | growth stage »

Permalink: http://glossary.econguru.com/economic-term/growth+rate+of+production

Alphabetical Reference to Over 2,000 Economic Terms