Economic growthEconomic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP). Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting.
Arctic foxThe Arctic fox (Vulpes lagopus), also known as the white fox, polar fox, or snow fox, is a small fox that belongs to the family of Canidae, native to the Arctic regions of the Northern Hemisphere and common throughout the Arctic tundra biome. It is well adapted to living in cold environments, and is best known for its thick, warm fur that is also used as camouflage. It has a large and very fluffy tail. In the wild, most individuals do not live past their first year but some exceptional ones survive up to 11 years.
Table (information)A table is an arrangement of information or data, typically in rows and columns, or possibly in a more complex structure. Tables are widely used in communication, research, and data analysis. Tables appear in print media, handwritten notes, computer software, architectural ornamentation, traffic signs, and many other places. The precise conventions and terminology for describing tables vary depending on the context. Further, tables differ significantly in variety, structure, flexibility, notation, representation and use.
Endogenous growth theoryEndogenous growth theory holds that economic growth is primarily the result of endogenous and not external forces. Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run growth rate of an economy depends on policy measures.
North PoleThe North Pole, also known as the Geographic North Pole, Terrestrial North Pole or 90th Parallel North, is the point in the Northern Hemisphere where the Earth's axis of rotation meets its surface. It is called the True North Pole to distinguish from the Magnetic North Pole. The North Pole is by definition the northernmost point on the Earth, lying antipodally to the South Pole. It defines geodetic latitude 90° North, as well as the direction of true north.
