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Economic growth refers to the increase in a country's output of goods and services over time, typically measured by the rise in real Gross Domestic Product (GDP). It reflects a sustained expansion in the productive capacity of an economy and is considered a key objective of macroeconomic policy. Economic growth allows for higher income levels, improved standards of living, and better employment opportunities. Economic development, on the other hand, is __________ ______ __________ _________ ________ ___ _________ _____ ______ _________ ______.
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