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Boston Economic Indicators vs. U.S.

In: Business and Management

Submitted By raspewtin
Words 2560
Pages 11
REAL GDP IN THE U.S. (IN BILLIONS)
2004-2013
17,000.0
16,000.0
15,000.0
14,000.0
13,000.0
12,000.0

REAL GDP VALUE

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Since the two year drop in 2008 and 2009, real GDP has risen every year by at least
1.5%. This indicates the continued development and purchase of new domestic products, contributing to a healthier economy. The United States has seen growth for four straight years, and is going on it's fifth now. While its growth hasn't been as high as 2004-2007's has been, it's still an obvious marked improvement from the economic downturn of 2008 and 2009.

REAL POTENTIAL GDP (IN BILLIONS)
2004-2013
17,000.0
16,000.0

15,000.0
REAL POTENTIAL GDP

14,000.0
13,000.0
12,000.0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Real potential GDP has consistently risen every year over the last ten years, including during the economic downturn of 2008-2009. A rise in real potential GDP generally indicates the economy is capable of producing more goods and services at their full potential every year. Real potential GDP tends to coincide with rises in real GDP. The
United States is consistently rising in real potential GDP, and that indicates the economy has more and more economic potential every year.

REAL GDP GROWTH (2004-2013)
4.00%
2.00%
0.00%
-2.00%
-4.00%

REAL GDP GROWTH
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Real GDP growth is a percent change of how much real GDP has been produced by the year. The United States has had a positive increase in real GDP growth every year except
2008 and 2009. While it hasn't always been the same growth rate, it's been pretty consistently positive.

REAL GDP GROWTH (2004-2016)
4.00%
2.00%
0.00%

REAL GDP GROWTH

-2.00%
-4.00%

For the future, 2015 and 2016 look to have similar real GDP growth trends. This is…...

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