By Dr. Mike Walden
One of the major goals of the new Trump Administration is to increase the rate of economic growth in the country. The objective is to move from the 2 percent annual growth rate of recent years to 4 percent.
What exactly does this mean? Technically, the national economic growth rate is measured by the annual change in “real gross domestic product.” Translated from economic jargon, this is the growth in the country’s production of both goods and services.