US Real GDP Is Substantially Higher Today Than It Was

question 186

Essay

U.S. real GDP is substantially higher today than it was 60 years ago. What does this tell us, and what does it not tell us, about the well-being of U.S. residents?

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Definitions:

Joint Custody

A legal arrangement where both parents share decision-making responsibilities and physical care of a child.

Persistent Poverty

A long-term state where an individual or group lives below the minimum level of income deemed necessary to achieve an adequate standard of living.

Common Arrangement

A typical or widely accepted way of organizing or structuring something.

Following Divorce

pertains to the period and adaptations individuals and families undergo after the legal dissolution of a marriage.