The United States Economy

Defense expenditures have leveled sour since the early ?90's, while non-defense spending has continued to increase at a greater rate. Nonetheless, the efficacy of the miserliness overall, increasing revenue enhancement receipts and decreasing the need for welfare outlays, has helped to maintain a rate of increase in revenues greater than that of expenditures. Thus, the government orbit of the economy is strong.

Both exports and imports have continued to climb; though exports have not kept pace with imports, creating a divvy up

deficit. That deficit has widened in recent years, as the strength of the dollar mark has caused exports to level of

Finally, the growth of the economy has been generally upward despite the recessionary period of the tardily ?80's and early ?90's.

Recovery from that recession was swift however, thanks in part the Fed's consistent reduction in the Fund regularize during that period. The growth rate returned to pre-recession

. This is not necessarily a pledge of trouble in the economy, especially in light of the strength of the economy in other sectors such as fluid income.

levels within two years of the low. Growth has been more durable since pre-recession levels were reached in late 1992, generally hovering between two and quaternary percent. The past three years have seen a brush off increase
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