Government Contracts Inflation Update
Procurement Notes
MARCH 16, 2023
And, “[t]he four components of gross domestic product are personal consumption, business investment, government spending, and net exports.” [28] 75] Looking at the FRED data , it shows a little more variability, but nonetheless affirms ~20% of GDP as a threshold that appears difficult to surpass. [76] 76] Why ~20%, and why for so long?
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