Pay particular attention to the stability of the growth rate

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We measure economic growth by the percentage change in real GDP. In general terms outline the course of the U.S. output growth rate in recent decades, both in terms of its trend and its changes around trend. Pay particular attention to the stability of the growth rate.

In general terms describe how the federal budget deficit has changed since the early 1950s. How has the U.S. trade balance changed since the 1950s? Does it appear that there is any correlation between the two?

Reference no: EM131245368

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