Over the long run, real earnings per worker can increase only at about the same rate as the economy's rate of growth of: output per worker.
What is India's economy rate?
India GDP growth rate for 2021 changed into eight.95%, a fifteen.54% boom from 2020. India GDP growth charge for 2020 turned into -6.60%, a 10.33% decline from 2019. India GDP boom charge for 2019 turned into 3.74%, a 2.72% decline from 2018. India GDP growth rate for 2018 turned into 6.forty five%, a 0.34% decline from 2017.
What is the meaning of economic growth rate?
Definition: economic growth rate charge is the charge at which a kingdom's Gross home product (GDP) modifications/grows from twelve months to some other. GDP is the marketplace cost of all the products and services produced in a country in a specific time period.
How is economic growth rate measured?
Economic growth rate to an boom in the length of a rustic's financial system over a period of time. the size of an financial system is usually measured by way of the total production of products and offerings inside the economy, which is referred to as gross domestic product (GDP). financial boom may be measured in 'nominal' or 'actual' phrases.
Learn more about economic growth rate here:- https://brainly.com/question/17996535
#SPJ4
