Friday, January 27, 2017

GDP

When experts argue about the economy they present different picture and one is in the area of employment. One side says unemployment is very low at 4.7%. The other side says that the 20 million people who are no longer looking for work are not counted as unemployed. The answer lies in the fact that the GDP for 2016 was 1.6%. This is the result of all those people not adding to the GDP with their labor. The answer to the money problems facing the government is a 5% GDP. This will lower the debt and prevent cuts to social security and Medicare.

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