state of our economy
Our current economy is experiencing strong economic growth and rapid expansion. The data show current gross domestic product (GDP), consumer price index (CPI), and the unemployment rate to support findings. The Federal Reserve is concerned about inflation and consumer spending. However, overall inflation is not bad and interest rates may continue to increase. One indication of a strong economy is the current increase in GDP of 6.9% for the fourth quarter. There is a new measurement for GDP is now including software as an investment. It is estimated that this change will boost future GDP. Throughout this year, our GDP has gone through a heavy growth. However, the first and second quarter growth was not as high as that of 1997 and 1998. In 1997 first and second quarter growth reached 4.9 % and raised to 6.9% in the first quarter of 1998. (shown in Chart 1) However, the current 6.9% increase in the fourth quarter was 1.0% to 3.8% higher then the previous years. This is a tremendous jump and clearly indicates that many aspects of our economy (such as inventory investment, personal consumption expenditure, fixed investment, exports, and government) are doing well contributing to economic expansion.
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Some common words found in the essay are:
Throughout GDP, DON'T GROW, January February, MUSCLES SKELETON, SENSE ORGANS, FUNCTION Sexual, SENILE DEMENTIA, AGING BRAIN, Federal Reserve, , unemployment rate, shown chart, blood cells, senile dementia, strong economic, excluding food energy, consumer spending, excluding food, nerve cells, size strength, strong economic growth, overall cpi,
Approximate Word count = 2020
Approximate Pages = 8 (250 words per page double spaced)
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