Anyway, it seemed to me that if you calculated GDP change over 10-year periods in order to drown out year-to-year fluctuations and business cycles, that you’d have essentially constant 3.5% annualized change except for the 1930s and 1940s. The absence of long-term trends is what confuses me.
Hey, what happened to your graph?
Anyway, it seemed to me that if you calculated GDP change over 10-year periods in order to drown out year-to-year fluctuations and business cycles, that you’d have essentially constant 3.5% annualized change except for the 1930s and 1940s. The absence of long-term trends is what confuses me.