What is a reasonable economic growth rate?

Do we measure growth in terms of increases in Gross Domestic Output, GNP ?

Or in terms of GNP per capita?

How do we take into account changes in prices?

Do we really want stable prices in all markets?

For example, in the stock market.

Changes in prices signal changes in consumers’ wants as well as changes in production costs.

The Full Employment Act of 1946 made the first three goals the responsibility of the Federal Government.

Again, the goals are determined by economic policy and measured by economic science.