U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 1 views
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Shoko Kuroda on 31 May 12It clearly states that the increase in consumer confidence shifted the AD curve to the right and how this lead to the stable US GDP growth
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reducing unemployment is another factor which affects GDP. State and explain how employment increases GDP. When people are employed this increases consumer confidence and results in consumers to be more willing to pay for goods and services and therefore increases consumption which is a big part of GDP.
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Explain the relationship between the GDP of other countries. Such in this time period, Greece as a country was going the path of becoming bankrupt. The Euro-crisis contracted the economy of many countries. When they have a smaller economy, they have less amount of exports and therefore this could have made the difference between exports and imports significant and influenced GDP.
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Many economists pointed out that consumer spending, mostly on cars and other large items, seemed to have come at a cost. Consumer savings declined.
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series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Ja
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where many countries are already in recession and where this week Britain announced that it had entered the dreaded “double dip.”
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Shipments of durable goods increased last month, but new orders showed the steepest drop since January 2009.
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Natural hazards such as the Earthquake and Tsunami which hit Fukushima on March 11, reduced the exports of Japanese goods to foreign countries due to the news of radiation. Because of a decrease in demand for Japanese goods, this could have reduced imports for America and a smaller difference between exports and imports of goods.
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