Research and Describe US Growth Rate Revised Up To 1.2% (Essay Sample)
The essay doesn't need to be on a highly professional level, slightly more simple as far as the micro economics area allows.source..
US Growth Rate Revised Up To 1.2%
Word count: 565
The macroeconomic concepts relevant in the article are factors influencing growth rate in the US. In the first three months of the Trump administration. Consumer spending and business investments (spending) are singled out for affecting the economic growth (BBC, 2017).
Factors affecting aggregate demand
The main factor affecting aggregate demand in the U.S. is consumer spending as higher consumer spending is associated with growth (BBC, 2017). The consumer expenditure has been sluggish probably because the winter was warm, but the data available cannot tell the whole story since it is only for few months. Business inventory and investment is another factor that is associated with increased production.
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The original aggregate demand is AD and after the economy improves the aggregate demand shift rightwards to AD2. This indicates economic expansion, and even as both the consumer and business spending have been modest other components of the aggregate demand have improved economic growth. It is also likely that there has been improved productivity in this year
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