Economic Growth Of The United States Essay - 1119 Words

In the United States, there is the growing macroeconomic issue over the rate of economic growth. This issue consists of the potential regression of the United States, Gross Domestic Product, commonly known as GDP. GDP can be defined as the market value consisting of all the goods and services that are produced in a country that falls within the given time period, usually marked as a fiscal year. In terms of economic growth, GDP will always have a direct correlation to growth within a country. An increase in GDP will lead to an increase in the economic growth rate, and contrastingly, a decrease in GDP leads to significant decrease in economic growth rate, also known as a recession. This current macroeconomic issue is presented due to the fact that the United States is poised for a year that is associated with an economic growth rate between 0% and 1%. The main contributing cause for the decline in economic growth over this year is the huge reduction in business and consumer inves tment. After analyzing the GDP growth rate over the past three quarters of 2016, it is shown that there have been steady increases in consumer consumption, government spending, and net exports, subsequently in both exports and imports. The only factor of the GDP equation that is holding the economic growth rate in the U.S. down in the lack of business and consumer investment. GDP can be calculated using the following equation of, GDP = Consumption (C) + Investment (I) + Government SpendingShow MoreRelatedComparing the Economic Growth of Australia, China and the United States2942 Words   |  12 PagesComparing the economic growth of Australia, China and the United States Christopher Hadges May 2012 ECON 2012 Growth, Development and the Macroeconomy ID: 110060029 Contents Page 3: Introduction Page 4: Theory/Model Empirical Findings Page 5: TFP and the Production Model Page 8: Population and the Romer Model’s growth rate of knowledge Page 11: Migration and economic growth Page 13: Trilateral Trade between Australia, China and the United States Page 14: Conclusions PageRead MoreUnited States vs. United Arab Emirates: The Form of Government, History, and Economic Growth1904 Words   |  8 PagesThe two countries that I am studying are the United States and the United Arab Emirates. 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