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by rezendi
1759 days ago
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This really depends on how you look at it. On an absolute inflation-adjusted dollars-per-person-per-year basis, rather than a relative / percentage basis, GDP growth over the last decade has been substantially higher than that of the 1950s. Even 2% of $55,000 is still greater than 7% of $15,000... https://fred.stlouisfed.org/series/NYGDPPCAPKDUSA |
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