Durable Goods Consumption and GDP

Carroll, Daniel
July 2012
Economic Trends (07482922);Jul2012, p3
Trade Publication
The article reports on the state of the durable goods consumption and gross domestic product (GDP) in the U.S. in the first quarter of 2012. It cites the 2.4 percent increase in durable goods consumption and its significant impact on the country's GDP. It also explores households' expectations of their income growth and the disconnection between durable consumption and income.


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