What is a growing economy?
News stories are touting that the U.S. economy expanded in the 4th quarter of 2009 at a pace faster than any quarter in six years. All told, the economy grew at a rate of 5.7%. But what does that mean?
The rate increase refers to the increase of Gross Domestic Product. Not sure what Gross Domestic Product means? If you are a loyal Dinner Topics reader, you already know the answer. If you are a newbie or need a refresher, read this brief post back in February 2009.
Almost a year ago, the story was about the huge decrease in GDP for the 2008 4th quarter, but now quite the opposite is true. You know what that means, don’t you? That’s right, more disposable income for you to spend on Dinner Topics shirts and mugs! Shop away!
Read on:
Bloomberg.com – Economy in U.S. Grew at 5.7% Pace, Most in Six Years
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