1. Growth and Power
... real output, low inflation rates, and a drop in unemployment to below 5%. Moderate recovery took place in 2002, with the GDP growth rate rising to 2.45%. A major short-term problem in first half 2002 was a sharp decline in the stock market, fueled in part by the exposure of uncertain accounting practices in some major corporations. The war in ... is projected to be 1.3 percent, considerably less than the 1.8-percent growth rate during 1990-2000. From 2000 to 2010, as in the previous decade, virtually all non-farm wage and salary employment growth is expected to be in the service-producing...
- Word Count: 4068
- Approx Pages: 16
- Grade Level: Undergraduate