The importance of the middle class, GDP, and Economic Growth in the U.S. Market System to the individual is extremely significant to consumption, which creates an increase on the GPD rate.
Furthermore, a strong middle class promotes the development of human capital through a well-educated population. Following, a strong middle class creates a stable source of demand and supports political and economic institutions. Next, a strong middle class creates and encourages the next generation of entrepreneurs to come. Lastly, understanding that the market system demands consumption to operate and help the GPD rate to increase. The upper classes consume too little to drive it and have little purchasing power. The middle class supplies most of the production and consumption and stability to an economy.
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Also, this is calculated by the all produced goods and services generated by the state. Additionally, the GPD should be 3.5% to 4%, I believe we are at 2.5%. Understanding that if GDP is down at that low percentage, the nation faces higher unemployment rates, which causes wage limitations. If GPD increases, the opposite happens, the nation has a lower unemployment rate and the wage increase. But its low as of now, some if that is caused by discrimination, which is enormous still today. understanding this is control by the government. These factors can include job availability, wages, the prices and/or availability of goods and services, and would be looked at by a macroeconomics standpoint rather than microeconomics because it’s the economics that studies the behavior of the economy as a whole and not just on specific companies. If the government wants to stimulate growth in the economy, causing GPD consumption to improve, it will increase spending for goods and