During an economic expansion, employment levels rise, which encourages greater consumer spending, a component that accounts for two-thirds of U.S. GDP.

Authors

• Person: Not available Organization: PIMCO
  Learning the Significance of Key Economic Indicators - PIMCO

Sources

• Learning the Significance of Key Economic Indicators - PIMCO www.pimco.com PIMCO via serper

Referenced by nodes (3)

• U.S. location
• GDP concept
• economic expansion concept