The Economy During Election 2000 Essay Research — страница 2

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lose value. According to some people the prosperity of the last five years that has lifted nearly every family will gradually disappear for millions of people, and both consumers and companies will grow cautious in their spending and investing. However a recession almost certainly has not arrived. A recession is defined by economists as two consecutive quarters of declining gross domestic product. But the gross national product, the broadest measure of the value of America?s goods and services, is still growing, if not at the annual rate of more than five percent that prevailed last spring, then at two to three percent.