Economic Growth Rate Abdurazzokov Bobur group 310 Department of English literature

Economic Growth Rate

Abdurazzokov Bobur group 310

Faculty of English Language

In this lesson you will learn:

• The importance of Economic Growth Rate in Economics
• Economic Growth Rate in the world economy
• The ways of Increasing Economic Growth In Uzbekistan

The importance of Economic Growth Rate

What is Economic growth rate?

Economic growth is the increasing in the inflation–adjusted market value of the goods and services produced by an economy over time.

How to Calculate the Economic Growth Rate?

• The growth is an increase in Real GDP from one period to the next(or the percentage change in Real GDP).

Absolut real Economic growth

• The growth is an increase from one period to the next in per capita Real GDP, which is Real GDP divided by population.

Per capita real economic growth

Calculating the Economic Growth with Real GDP

• Real GDP= T(K,L)

The most importance of economic growth is of the ratio of GDP to population(GDP per capita, which is also called per capita income). At the global financial and economic crisis period economic growth will be lower than other times.

• The most importance of economic growth is of the ratio of GDP to population(GDP per capita, which is also called per capita income). At the global financial and economic crisis period economic growth will be lower than other times.

Economic Growth in the World Economy

You will see from this graph the growth which was being faster Economic Growth in 2008.

World Economic Growth Rate

How countries can advance their economies?

The latter is the study of economic development process particularly in low-income countries.(i.e. Indian economy)

The ways of Increasing Economic Growth In Uzbekistan

• Nowadays, Government of Uzbekistan has been implementing a number of reforms in national Economy. The most important one is increasing economic growth for population. Economic growth is generally distinguished from development economics. There are special reforms for increasing economic growth such as, creating new industrial areas, raising GDP year by year, to attract foreign investment, to provide population full employment, to make high quality food security system for people and so on.

Food security system in Uzbekistan

Frequently Asked Questions

References:

• I. Karimov “ Jahon-moliyaviy iqtisodiy inqirozi O’zbekiston sharoitida bartaraf etish yo’llari”
• Rogers Arnold “Economics”
• Gregory Mankiw “Macroeconomics”
• www.stat.uz
• www.Wikipedia.org
• www.gov.uz

Thank you for your attention!