Over the past 20 years what has been happening to the US GDP? is it increasing,decreasing (13,130,000,000,000?
it currently is 13,130,000,000,000 what was it in the past and what will it be in the future?
Answer:
Over the past 20 years the GDP in the US has been growing overall.
The real GDP (in 2000 dollars) is about 11,000 billion dollars. In 1987, the real GDP was about 6,600 billion dollars. So it has basically doubled in the past 20 years.
In the future it is expected to continue to grow.
**Note ** You are using nominal GDP which varies each year due to inflation. Be sure to use real which in based on a set year and adjusted for inflation.
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Answer:
Over the past 20 years the GDP in the US has been growing overall.
The real GDP (in 2000 dollars) is about 11,000 billion dollars. In 1987, the real GDP was about 6,600 billion dollars. So it has basically doubled in the past 20 years.
In the future it is expected to continue to grow.
**Note ** You are using nominal GDP which varies each year due to inflation. Be sure to use real which in based on a set year and adjusted for inflation.
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