Economist Fred Hochschild explains how to calculate gross domestic product (GDP) in the United States.
Fred Hochstadt discusses the new economic data on the website of the Economic Research Service, the National Bureau of Economic Research.
In a story about the growth of US GDP, the US has grown more than 2.6 percent over the past year.
According to Hochs, the U.S. economy was up 2.7 percent in 2018, and growth is expected to remain elevated for the next two years.
Hochs’ latest study, which was released Wednesday, shows that the US economy grew by a modest 2.3 percent in 2019.
The new study finds that this year’s expansion will be even smaller, because of the impact of hurricanes Harvey and Irma.
Hochschild said the economic data he has found is the latest in a series of economic forecasts by the National Association of Manufacturers and the National Council of Economic Advisers.
“It is not that this is a perfect forecast,” Hochstad said.
“It is a snapshot, but it is an accurate snapshot.
It is not perfect.
But the economic information in this report is very, very good.”
In the last five years, the United State has grown at a rate of 2.8 percent, according to the Federal Reserve.
That is the best performance of any major industrialized country, and has helped to lead to the highest stock market in history, according the Fed.
It has also led to a number of other positive economic trends.
The average household income is now $54,000, up 3.7% from the year before.
That is more than twice the average for the year 2000, and nearly 10 times the national average.
The median household income in the US is now just under $45,000.
Houghschild said that is the first time the average household is making more than $45 and has the best life expectancy in the world.
People who earn between $45K and $75K are still living longer than people in the top 1% of earners.