What are the 2 definitions of economics growth

Question

What are the 2 definitions of economics growth?

Answer 1

Economics growth has two definitions which are given below:-

1. The increase in real GDP, that occurs over a phase of time.

2. The increase in real GDP per capita, that occurs over a time. This definition is superior if association of living standards is required.  For eg: China’s GDP is $744 billion which is compared to Denmark’s $155 billion, but per capita GDP’s are $620 and $29,890 respectively.