Stagnation

Economic stagnation often refers to a sustained period of slowed economic growth. A measure used in gauging whether the economy is experiencing a period of stagnation is the Gross Domestic Product. In the 1970s, the United States experienced growth of 3% or less, which was considered to be stagnation.All Business: Business Definition for: stagnation

Fast Facts:

  1. Gross Domestic Product = consumption + gross investment + government spending + (exports − imports)
  2. Current GDP is the gross domestic product in a current price model
  3. Nominal GDP is the gross domestic product in prices without any adjustments
  4. Real GDP is the gross domestic product in terms of adjusted prices
  5. Keynesian definition of stagnation is a decrease in effective demand or effective buying capacitySouthernDomains: What is going on with the Web and the 2000 Economy
  6. 2007 real GDP was 2.2% totaling $13.84 trillionBloggingStocks: U.S. Q4 2007 GDP rises at 0.6% annual rate (February 28, 2008)

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