What are the limits to the U.S. long-term economic growth? Is there anything that our government can do to address these limits, or would it be a bad idea to try?

What are the limits to the U.S long-term economic growth? Is there anything that our government can do to address these limits, or would it be a bad idea to try it?
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What are the limits to the U.S long-term economic growth? Is there anything that our government can do to address these limits, or would it be a bad idea to try it?
The economic limits refer to an ecosystem that can absorb wastes and replenish raw resources in a bid to sustain the economy. Under normal circumstances, when the gross domestic product grows, it results in a decline of marginal utility because of our desire to first satisfy basic needs. There are three limitations to U.S long term economic growth includes futility limit, ecological catastrophe limit, and the economic limit (Shefrin, 2019). The futility limit happens when the marginal utility of production drops to zero. Even in the situation where the cost of production is zero, there is a limit to what we can consume. There is a limit to which happiness or total utility ceases to exist despite an increase in gross domestic product. The ecological catastrophe limit is reflected by an increase in the marginal cost curve; this omit may include challenges that environmental pollution. The economic limit defines a situation where the marginal cost equals marginal benefit and net profit optimization. These are limits that may affect the U.S economy.
The economy growth is useful for fiscal stabilization and the elevation of living standards. The gross domestic product (GDP) as an outcome of increased workforce and productivity emboldens fiscal condition and enlarges the size of the economy. GD...