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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Principles of Economics_Week 4 Discussion 1

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Q 1. What is the current GDP growth rate? Also, examine the trend of GDP growth over the past few years. What stage of the business cycle is the U.S. economy currently in given the trend of GDP growth?

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An annualized 3.4% in the 3rd 2018 quarter was advanced by the economy of the United States. This was lower slightly in comparison to former estimates of a growth of 3.5%. An expansion of 4.2% was followed in the prior period and this was the greatest since 2014 3rd quarter. There revision of exports and PCE (Expenditures on personal consumption) and were reduced.