两方领导表扬中国在金融危机保持经济增长,Keep economics growth in economic 120字左右

Economic growth is an increase in the total output of a nation in a given period of time.Total output is the total quantify or value of a nation's goods and services.
The Gross Domestic Product(GDP)is the most comprehensive indicator of a nation's economic growth.GDP is the measure of the market value of all final goods and services produced in a country during a year.
Besides GDP,employment and prices are also two indicators that measure the economic growth.Of all the indicators,employment rate and unemployment tends to reflect the economic cycle :when output is falling,the demand for labor falls and the unemployment rate rises;when output is rising,the demand for labor increases and the unemployment rate falls.
Stable price is another indicator of economic growth.The most common price measures the cost of a basket of goods bought by the average urban consumers.A fall in the general price level,which causes the purchasing power of money to rise,is deflation,While an increase in the general price level growing out of an increase in expenditures while goods available for purchase are not correspondingly increased in amount is inflation.Both deflation and inflation may slow down the economic growth.
The four facors of economic growth are human are human resources(labor supp;y,education.discipline,motivation),natural resources(land,minerals,fuels,environmental quality),capital information(machines,factories,roads)and technology.The three engines of the economic growth are consumption,export and investment.
Governments have certain instruments that they can use to affect the economic growth.The main instruments of governments are two;Fiscal policy and Monetary policy.
Fiscal policyrefers to the coordinated policy of government with respect to taxation,the public debt,public expenditures,and fiscal management,with an objective,for example,of attempting to stablize national income of the country.Fundamental to such a fiscal policy would be the adjectment of budgetary deficits or surpluses to confirm with the objective of stabilization against either undue inflation or deflation,with allowance for normal growth.
Monetary policy refers to the coordination of the credit control powers of the monetary authorities of a country exercised through the central bank.The usually objectives of such a policy would be to achieve stability in price by controlling the money supply,allowing over time for growth in the economy.Monetary policies affect the money supply through effect upon available(excess)reserves of the banks.It also affects the cost of bank credit by changes in the central banks rates for rediscounts,loans and advances to the banks.
By learning this unit,we should learn the indicators of economic growth and we need to know the relations between the economic growth and employment.After studying this unit,we should be able to analyze a nation's economy and the government's economic policies by using the factors and growth engines of economy.