Redefine what robust growth really means

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The Gross Domestic Product is constantly in the news in the United States. This year, we are looking at an annualized growth rate of between 2.2% and 2.4%. Over the past 60 years or so, the GDP has grown on average 3%. Though the pundits are saying that the economy is healthy and growing at a robust rate, less than 3% growth is considered anemic. The major shift in the make-up of the GDP has been the shift to more government spending. Based on what you have read in the book and on what you have learned from outside sources, is the economy really growing at a robust rate, is the economy actually flagging, or have circumstances changed where we have to redefine what robust growth really means?

Reference no: EM13837346

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