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Does It Make a Difference If the Rate of Growth

question 156

Essay

Does it make a difference if the rate of growth in real GDP per capita changes by less than a percentage point? Justify your answer using evidence from U.S. experience.


Definitions:

Social Security Administration

A U.S. government agency that administers social programs covering disability, retirement, and survivors' benefits.

Independent Regulatory Agency

A federal organization that creates and enforces rules in its specific sphere of influence, independent of executive control.

Government Corporation

A business owned by the government that operates with a degree of independence to provide services that could be commercial in nature.

Civil Service

The body of government employees who are employed on merit system principles, excluding military and political appointments.

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