Answer to Question #68420 in Macroeconomics for roz
. Describe the performance of the U.S. economy during President Obama’s two terms in office as it relates to economic growth. What are the consequences if the new normal growth rate is significantly lower than the trend rate of growth that the U.S. economy experienced in the 20th century? Gather relevant economic statistics, such as the growth rate of real GDP, that have been introduced in this course to support your case
Most of main economic metrics are lower in 2016 than they were in January 2009, so it is hard to conclude that America is “indisputably better off” economically today–compared to January 2009. That's why by most objective measurements, most Americans are not “indisputably better off” economically after eight years of Barack Obama’s presidency.
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