com 220 rough draft

com 220 rough draft - Graph 1 Real and Per Capita GDP...

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Unformatted text preview: Graph 1 Real and Per Capita GDP ($1996), 1959-2001 0.00 5,000.00 10,000.00 15,000.00 20,000.00 25,000.00 30,000.00 35,000.00 1 9 5 9 1 9 6 2 1 9 6 5 1 9 6 8 1 9 7 1 1 9 7 4 1 9 7 7 1 9 8 1 9 8 3 1 9 8 6 1 9 8 9 1 9 9 2 1 9 9 5 1 9 9 8 2 1 Year 1996 Dollars Real GDP Real Per Capita GDP We are being more then generous suggesting that this country has had a policy in the past geared toward reducing poverty. The basic idea seems to have been to make the pie of economics larger so that all have more. This plan works in two ways .The first way is it helps avoid disagreements and the spirit of class warfare. The second is economic growth benefits both businesses and individuals alike. The justification behind this economic plan was always the long held excuse that poverty is caused by the fact that there is not enough to go around and that the market eventually lifts all things better known as the trickle down effect. While the reasons for supporting economic growth are there the rational for continuing on this path has come under...
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This note was uploaded on 10/08/2010 for the course SCI 210 taught by Professor Smith during the Spring '10 term at ITT Tech Flint.

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com 220 rough draft - Graph 1 Real and Per Capita GDP...

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