PolicyMemo1 - in Figure 2, this steady decline is not...

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Council of Economic Advisers To: Mr. B Obama, President of the United States Date: re: US Long-term Economic Growth Details Mr. President: After reviewing data on the real GDP of the nations of the world, I have come to a conclusion regarding our long-term economic growth. As can be seen in Figure 1, The US growth rate has been steadily declining since 2001 with significant signs of declining returns. The data suggests an average decline in growth of about 1/20th percent per year, and given this trend we will be faced with negative growth by 2025. In comparison to other countries, as seen
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Unformatted text preview: in Figure 2, this steady decline is not independent to just the United States of America. Our growth is more volatile than most countries but the entire world is trending towards a decline in growth. This decline is attributed to the deep troughs in growth followed by only marginal returns. The figures presented are based on time series data collected from 1970-2009. I hope you may take this data into consideration while you review. Thank you for your consideration, and have a great week. Sincerely, Andrew Cheung Figure 1 Figure 2...
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This note was uploaded on 02/08/2011 for the course ECONOMICS 101 taught by Professor June during the Spring '08 term at Rutgers.

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PolicyMemo1 - in Figure 2, this steady decline is not...

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