Growth Accounting


DEFINITION of 'Growth Accounting'

A method whereby a set of economic techniques or theories are used to determine what specific factor, or factors, contributed to an economy's growth.

BREAKING DOWN 'Growth Accounting'

Growth accounting allows one to examine the different aspects of growth: production per worker, technology, and savings, to determine which factor most likely created the increase in real GDP.

  1. Gross Domestic Product - GDP

    The monetary value of all the finished goods and services produced ...
  2. Real Gross Domestic Product (GDP)

    An inflation-adjusted measure that reflects the value of all ...
  3. Gross National Product - GNP

    Gross National Product (or GNP) is an economic statistic that ...
  4. Accountant

    A professional who performs accounting functions such as audits ...
  5. Personal Finance

    All financial decisions and activities of an individual or household, ...
  6. Audit

    An unbiased examination and evaluation of the financial statements ...
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