The US Economy Sustain 3½ To 4 Percent Economic Growth

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There are alot of things to look at as well as question if the economy can consistently grow. Realistically speaking things cannot grow forever. There are ups and downs the economy faces so it would be hard for the economy to substantially grow at a constant rate. I believe that the economy can grow but with only the right decisions that need to be made to make it grow. We as people that take part in the economy realistically want it to grow. The growth of an economy means more money to families as well as those unemployed making it easier to find a job.The thing is with the economy is are we making the correct decisions to push growth. According to article What makes the economy grow? They talked about comparing the economy to an apple pie …show more content…

When there is a anything that can benefit the people and gets the people to spend money it will only cause the economy to rise. As well as working people if there are people working then it benefits the economy as well. The rise of labor force is not as high as it needs to be for growth in the economy. Article Can the U.S. Economy Sustain 3½ to 4 Percent Economic Growth? Stated “The labor force has been rising very slowly in recent years: just ½ percent over the past 10 years, and its growth has been trending down since the 1980s”(Sichel). If labor is downsizing then there will not be economic growth. These are the reasons now we are either in a consistent rate or decreasing day by day. The economy will not see increase if this is not fixed. Productivity as well plays a huge factor if businesses are not rising to the top it is not benefiting the economy. The same article again stated “This week rate of productivity growth is well below the pace that prevailed over the decade ending in about 2004, when growth was fueled by the spread of the internet and related information technologies, as well as during the “golden” era of growth in the 1950s and 1960s. Economists are actively debating the reasons for the recent slowdown, but no credible economic forecasters or analysts believe that productivity growth could rise enough on a sustained basis to achieve Trump’s goal for real GDP growth” (Sichel). This is going to be an issue if the economy wants growth. Productivity brings growth if productivity itself has no rise then there will be no

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