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Tom Wolf
Tom WolfDemocrat, PACurrent Position:Governorsince January 01, 2015
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Community on the Economy

Community: Economy

How do you think our economy is doing? Most citizens are interested in the economy, national debt, and job creation. Learn how this topic is debated amongst both political activists and voters.

Facts & Stats
GDP Growth Rate, by year 2006: 2.39% 2007: 1.87% 2008: -2.77% 2009: -0.24% 2010: 2.73% 2011: 1.68% 2012: 1.28% 2013: 2.45% 2014: 2.47% 2015: 1.80% Source: http://www.multpl.com/us-real-gdp-growth-rate/table/by-yearGDP includes all private and public consumption, government outlays, and investments and exports minus imports that occur within a defined territory. GDP can be calculated using the following formula: GDP = C + G + I + NX, with C is equal to all privatGross Domestic Product (GDP) is the measure of a nation's total economic activity. GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.According to the Wall Street Journal, the top 20% of taxpayers paid 84% of the total income taxes paid in the U.S. in 2014.U.S. GDP, in trillions 2011: $15,517.9 2012: $16,163.2 2013: $16,768.1 2014: $17,418.9 2015: $17,803.4 http://www.usgovernmentspending.comThe Labor Participation Rate shows the percentage of Americans, age 16 years or older, who are currently working. The historical Labor Participation Rate for the United States for the last 30 years has ranged between 66 and 67%. As of Jan 1, 2016, it stan

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gdp, unemployment rate, labor participation rate, regulations, trade policy, small businesses , wall street , housing , financial markets , repatriation, fiscal policy, monetary policy, the fed