There are different measurements to determine economic growth, including GDP (gross domestic product) and GNP (gross national product). These are both measures of the total value of goods and services produced over a specific period of time. GDP is usually used when referring to individual nations while GNP is preferred for multinational corporations. While increased economic growth tends to be seen as positive, it's important to consider all its effects before passing judgment on whether an increase in GDP or GNP is good or bad.