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What is considered a suitable rate of annual growth of the US GDP?

2007-10-31 14:32:00 · 2 answers · asked by Anonymous in Social Science Economics

2 answers

Real GDP growth should average about 3 percent per year with a labor force growth about 1% percent, but part of the time the economy is in recession so to average 3% it must do better than that during economic good times. 5 or 6 percent is considered good. see chart at
http://www.economagic.com/em-cgi/charter.exe/var/rgdp-qtrchg

2007-10-31 15:08:51 · answer #1 · answered by meg 7 · 0 0

3%.

However, when an economy comes out of recession, it should be more. Like 6% inj the first year.

2007-10-31 21:52:30 · answer #2 · answered by Anonymous · 0 0

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