According to the United Sates GDP for the past 40 years, we have already hit the peak of the economic cycle and have started to decline. All economic systems go from high to low, high to low so there is noting to worry about. Our current GDP is 14.119 trillion dollars. A major concern is our unemployment rate. In 2008 our unemployment rate was 6.1 %, in 2010 it was 9.5 %, and in 2011 it is expected to reach 9%. Unemployment is a key indicator, in my opinion, to how a country is doing. A country can have a good GDP if they export a lot and keep the wealth in a small group, but the unemployment rate shows how the people are doing, which is what matters.
Our country is contracting because every is going down. What I feel we need to do is expand. We need to reduce the unemployment rate by creating programs that make jobs. This would bring a lot of wealth back into our country. Also we need to start producing more. Right now the US imports a ton but barely produces our exports any thing. If I was an economist with power, this is what I would do.
http://en.wikipedia.org/wiki/Gross_Domestic_Product
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