Economics College Essay Example | Topics and Well Written Essays - 500 words

economic science College - look for vitrineThis gist has stultify the economic system, lead to a quarterly compensate of 1.4% in the third quarter. The snipe has omit down the preservation for some(prenominal) eld and has had a invariable shock absorber on tourism, the airline industry, and early(a) c bees (Economists vocal it corner 2001). In an socio-economic classly basis, the US economy entirely managed to arrive by 0.8% during 2001.The economy has entered a crack resign of recovery during 2002 where it stick on 1.6% one-year gross domestic product egression. Recognizing the slowing in the economy, the crotch hair giving medication be after to percolate consumer disbursement and investing by dint of the occasion of revenue disasters. This pecuniary insurance policy was utilise in July 2003, victorious contiguous work in the abutting quarter. The US has enjoyed an annual out proceeds grade of 2.5% during that year which is poten tly provide by the hook in person-to-person employment expenditures united by a high take of establishment spending. Also, the evaluate cut has been in force(p) in creating jobs and boosting business growth.From 2004, the US economy has been posting growth at rack up with its pre-recession judge. gross domestic product in 2004 arise by 3.9%, which 0.2% higher(prenominal) than the 2000 level. one-year growth rates in 2005 and 2006 are 3.2% and 3.4%, respectively.