Which term describes economic growth after adjusting for inflation?

The term that describes economic growth after adjusting for inflation is "Real Growth." This refers to the increase in the value of goods and services produced by an economy over a specific period, accounting for the effects of inflation. By adjusting for inflation, real growth provides a more accurate representation of an economy's true performance, as it reflects the actual increase in purchasing power and the standard of living for individuals.

Nominal growth, in contrast, measures the growth in economic output without considering changes in the price level, which can give a misleading view of an economy’s performance if inflation is not accounted for. Inflation adjustment is a process rather than a term used to describe growth itself, and gross growth lacks the specific adjustment for inflation that real growth incorporates. Thus, real growth is the appropriate term for understanding economic growth adjusted for inflation.