RodnJen
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Since it is an election year, some discussion of policy seem appropriate. Trump was a vocal critic of GDP and sold his base on the idea that’s his plan would fix the purported problem.
The link below explains GDP contributors and the second is an opinion piece that offers perspective.
https://wolfstreet.com/2020/01/30/u...2019-us-national-debt-surges-by-1-2-trillion/
But despite the surge in federal government spending, causing additional federal borrowing of $1.23 trillion in 2019, growth in nominal GDP totaled only $849 billion.
https://www.businessinsider.com/trump-gop-tax-cuts-no-boost-us-economy-gdp-2020-1
The link below explains GDP contributors and the second is an opinion piece that offers perspective.
https://wolfstreet.com/2020/01/30/u...2019-us-national-debt-surges-by-1-2-trillion/
But despite the surge in federal government spending, causing additional federal borrowing of $1.23 trillion in 2019, growth in nominal GDP totaled only $849 billion.
https://www.businessinsider.com/trump-gop-tax-cuts-no-boost-us-economy-gdp-2020-1