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Essay

ECONOMIC AND FINANCIAL DEVELOPMENTS IN 2000

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Karen H

 

Date added:

December 2, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

37 / 10308

 

Was viewed:

2621 times

 

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Essay content:

Real GDP increased at an annual rate of 5-1/2 percent in the first quarter of 2000. Private domestic final sales, which had accelerated in the second half of 1999, were particularly robust, rising at an annual rate of almost 10 percent in the first quarter. Underlying that surge in domestic spending were many of the same factors that had contributed to the con-siderable strength of outlays in the second half of 1999...
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Underlying that surge in domestic spending were many of the same factors that had contributed to the con-siderable strength of outlays in the second half of 1999. The ongoing influence of substantial increases in real income and wealth continued to fuel consumer spend-ing, and business investment, which continues to be undergirded by the desire to take advantage of new, cost-saving technologies, was further buoyed by an accel-eration in sales and profits late last year...
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