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16 DecThe Stalwart Consumer

A hackneyed but important fact is that consumer spending in the United States accounts for two-thirds of Gross Domestic Product (GDP). This was true in the 1970s (66 percent), 1980s (67 percent), and 1990s (67 percent).

Volume: 12 - Number: 4

Leading Index Title:

Special Topic Title: Cost of Living

Authors:

  • Dick Conway
  • Doug Pedersen