TITLE

Durable Goods Consumption and GDP

AUTHOR(S)
Carroll, Daniel
PUB. DATE
July 2012
SOURCE
Economic Trends (07482922);Jul2012, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
79544999

 

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