Economic growth is an outward shift in its Production Possibility Curve (PPC). It is measured by the increase in a country’s total output or real Gross Domestic Product (GDP) or Gross National Product (GNP).
The most developed economies experience slow economic growth.
Other term for slow economic growth is economic stagnation.
1. Sanction
2. Embargo
3. Quota
4. Subsidy
5. Tariff
6. Exports
7. Imports
8. Boycott
Explanation: