In 2004 the GDP was 3.6 and by 2007 it had decreased to 2.2 (National Economic Accounts, 2008). Many factors have contributed to this drop in GDP. The costly and ongoing wars in Iraq and Afghanistan have caused a great slowdown in the economy. The price of oil and subsequently gas has slowed the spending of most Americans...
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In 2004 the GDP was 3.6 and by 2007 it had decreased to 2.2 (National Economic Accounts, 2008). Many factors have contributed to this drop in GDP. The costly and ongoing wars in Iraq and Afghanistan have caused a great slowdown in the economy. The price of oil and subsequently gas has slowed the spending of most Americans...
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