R. Jamil Jonna
CHART 1 PERCENTAGE OF QUARTERS WITH 6 PERCENT OR GREATER REAL GDP GROWTH, 1930–2015
Chart 1 is an update of work originally presented by Fred Magdoff and John Bellamy Foster (2014, 12), who provide a detailed discussion of its significance in the post–Second World War economy of the United States. The bars represent the number of quarters with at least 6 percent real GDP growth divided by the total number of quarters for a given period. Thus the denominator is 40 for each ten-year period, with the exception of 1947–1959 (51 quarters) and 2010–2015q1 (21 quarters). Data for the period covering the Second World War (1940–1946) is considered to be anomalous by economists and is therefore excluded.
Sources: National ...