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Determine the current GDP growth rate for the United State? Analysis the trend over the last few years. What stage of the Business Cycle would the United State economy be in currently given the trends? Why might GDP not be considered an accurate measure of economic well-being of a country? Identify at least three limitations of GDP as a measure of economic well-being.

I went to the Bureau of Economic Analysis website and accessed the table 1.1.1 on GDP. I found the current growth rate of the United State to be 4.1% in the last quarter of 2011 and 1.7 percent in April to June of 2012.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9308514

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