Elucidate the trend over the past few years

Reference no: EM1333591

GDP Growth Rate and its Limitations

What is the current GDP growth rate for the U.S.? Examine the trend over the past few years. What stage of the Business Cycle would the U.S. economy be in currently given the trends? Why might GDP not be considered an accurate measure of economic well-being of a country? Identify at least three limitations of GDP as a measure of economic well-being.

Reference no: EM1333591

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