Compared to previous three months, the nominal GDP increased $65 bln to $18.23 trillion in the first quarter of 2016.
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US borrowing rate exceeds economic growth 10 times
10 June 2016
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According to calculations, the borrowing rate of the USA exceeds economic growth by 10 times.
APA-Economics reports that according to outcomes of the first quarter, the US debts increased $645 billion. These include corporative, including individuals’ debts.
Compared to previous three months, the nominal GDP increased $65 bln to $18.23 trillion in the first quarter of 2016.
Compared to previous three months, the nominal GDP increased $65 bln to $18.23 trillion in the first quarter of 2016.
