U.S. Economy, Corporate Profits And Personal Income Revised Downward
By Mike Patton, July 31, 2015 Forbes
GDP, the method by which we measure economic growth in the U.S. has been tweaked recently. The change in methodology has caused several important economic statistics to be revised, mostly downward. The economy over the past few years was weaker than previously reported, along with corporate profits and personal income growth. In this article, we’ll examine the U.S. economy and the reasons for its slow growth.
GDP
Economic growth is determined by GDP which measures the total output of all goods and services in the U.S. Here are the four parts of GDP and the approximate percentage each contributes to economic growth.
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