The BEA introduced new naming conventions for the three releases of quarterly GDP. Total GDP growth of between 20 and 25 is generally considered to be optimal when the economy is at full employment unemployment rate around 5.
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Higher growth than this leads to accelerating inflation if the economy is at full employment while lower growth indicates a weak economy.
. Sustainable consumption sometimes abbreviated to SC is the use of material products energy and immaterial services in such a way that their use minimizes impacts on the environment so that human needs can be met not only in the present but also for future generations. Consumption refers not only to individuals and households but also to governments business.
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