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Subject:
U.S. GDP Growth Rate in 1990s
Category: Business and Money > Economics Asked by: poincare137-ga List Price: $2.00 |
Posted:
25 May 2004 04:13 PDT
Expires: 26 May 2004 22:13 PDT Question ID: 351578 |
I've been looking at historic GDP data as posted here: http://www.eh.net/hmit/gdp/ I found that Real GDP has risen about 3.6 percent (on average) annually throughout the history of the United States. I also found that real GDP rose only 3.2 percent (on average, annually) between 1990 and 2003. http://www.csua.berkeley.edu/~darin/images/lnGdp.png What has caused the relatively sluggish growth in the US economy over the past 13 or so years? Should I expect the growth rate in future decades to be 3.2 or 3.6 percent, and why? |
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