The result was that the 2000s saw the slowest real GDP growth rate for any decade in American history.
The real GDP growth rate of China was 7.4%, while India is expected to grow by around 6% in FY 2012.
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The second estimate of third quarter real GDP growth rate was 2.7 percent, up from 2.0 percent in the initial estimate.
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Keep in mind that, according to the IMF, the real GDP growth rate for the U.S. last year was only 2.8 percent.
The Woodhill Curve shows the combinations of tax take and real GDP growth rate that produce the same present value of future Federal revenues.
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And, according to the latest CBO forecast, under current policies, the U.S. economy is expected to have a long-term real GDP growth rate of 2.20%.
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The Institute for Supply Management manufacturing index rose to 54.7 in July, which the ISM estimates is associated with a 4.4% real GDP growth rate.
An average annual real GDP growth rate of 3.5% would make all of the financial problems of Social Security disappear, with no tax increases and no changes in benefits.
By comparing the projections contained in the 13 annual reports from 1998 through 2010, it is possible to discern what real GDP growth rate is required to keep Social Security solvent.
As Ireland cut its corporate income tax rate in a series of steps from 50.0% in 1987 to 12.5% in 2003, it increased its average annual real GDP growth rate from 2.3% to 7.9%.
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In fact, the basic math says that we should be willing to do anything literally anything that is required to get our real long-term GDP growth rate up above the real interest rate on federal debt (assumed by the Social Security Trustees to be 2.90%).
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Our analysis compares the twelve month rate of change in real gross total debt growth versus the growth rate of real GDP.
At real GDP growth rates above the real interest rate on government debt (estimated by the Social Security trustees at 2.90% for the federal government, state interest rates are comparable), the PVIH of future GDP is infinity.
If the inflation rate is twice or more the official rate then obviously real GDP growth is a lot lower than the official figure.
Real GDP growth has decelerated recently, to an annual rate of 1.7 percent in the second quarter and 2.0 percent in the third, with over half of this meager growth which is true since the recovery began attributable to inventories.
Real GDP growth peaked at a 4.1% annual rate in the fourth quarter of last year, but then fell to only 2% in the first quarter before slowing even more in the June quarter.
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The final revision to the second quarter GDP report downgraded real growth to 1.3%, a rate insufficient to produce an adequate number of jobs for a growing labor force.
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Real GDP grew 218% over those 28 years, more than double the 97% growth rate seen in the recent 28 years of chronic deficit spending.
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Both Ben Bernanke and vice chairwoman Janet Yellen have made it clear QE will remained tied to a substantial improvement in labor conditions, which should at least include continued payroll growth and an improvement in hiring, the quit rate, and real GDP.
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The second and third estimates both had real GDP growing at an annual rate of 3 percent in the fourth quarter, the largest growth rate of last year.
In the third quarter GDP grew at a quarterly rate of 1.2% in real terms, the fastest growth in the G7, but in nominal terms, as a result of the pernicious effects of deflation, it fell by 0.1%.
In order to get real GDP growth figures you collect the nominal GDP figures (fairly easy) and then adjust them by the inflation rate.
The economy appeared to weaken during the summer, but assuming that 3Q2011 comes in the same as 2Q2011, then over the nine calendar quarters of recovery, real GDP (RGDP) will have grown by a total of 5.34%, equivalent to an annualized growth rate of 2.34%.
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Africa, by contrast, has enjoyed average real growth of 6% a year for a decade, a savings rate of nearly 25% of GDP, debt measuring less than 25% of GDP, a young and growing population, massive internal investment and a political situation which is more stable than it has been in fifty years.
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If our growth rate had been just 10% (0.37 percentage points) higher, 2010 real GDP would have been 2.2 times bigger.
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We estimate that slowing the annual growth rate of health care costs by 1.5 percentage points would increase real gross domestic product (GDP), relative to the no-reform baseline, by over 2 percent in 2020 and nearly 8 percent in 2030.
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