The current state of the economy in the United States is a feeble one, unable to consistently keep its head above water. While the economy is not currently in a recession, we may eventually fall victim to the first recession we?ve had in nearly ten years. Making a prediction on what exactly will happen to the US economy in the future will be extremely difficult. While there is much debate, many economists do not agree on what will become of the economy. Some feel that we will begin a recession over the next year, while others feel that there is significant policy implementation that will allow us to dodge a recession and regain our economic strength. The means in which I will discuss the overall growth and current status of the economy is by analyzing the Gross Domestic Product (GDP), and discuss the factors that cause it to rise and fall. The GDP is the total unadjusted, aggregate income of the United States produced in one year. It is comprised of consumption (C), investment (I), government spending (G), and net exports (x-m), arranged in the following equation: GDP = C + I + G + (x-m).
Consumption in the
government, net, been, economy, year, spending, increase, gdp, consumer, recession, exports, confidence, while, due, years, reported, reason, rate, production, percent, market, less, investment, deficit, consumption, wealth, united, trade, total, states, services, running, recent, one, number