A Sick and Unproductive America: The New Norm

The Gross Domestic Product (GDP) is defined as “the monetary value of all the finished goods and services produced within a country’s borders in a specific time period.” It is a “broad measurement of a nation’s overall economic activity.”1 In the past decade, economic growth in the United States—as reflected by GDP—has risen as high as 2.7% in 2006 and dropped to as low as -2.8% in 2009. For the most part, though, the norm has been growth of between 2% and 2.5% annually.

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