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Los Angeles, California, United States
The blog 'Breaking Bread' is for a civil general discussion, like you might have at the dinner table with guests. The posts 'Economics Without the B.S.' are intended for a general audience that wouldn't have to know the difference between a Phillips Curve, a Laffer Curve, or a Cole Hamels Curve. Vic Volpe was formally educated at Penn State and the University of Scranton, with major studies in History, Economics and Finance, and Business; and, is self-educated since by way of books and on-line university courses. His practical education came from sixty years of work experience in the blue-collar trades as well as a white-collar professional career -- a white-collar professional career in production and R&D. In his professional career and as a long-haul trucker, he has traveled throughout the lower forty-eight. From his professional career alone he has visited many manufacturing plants in the United States, Europe and China. He has lived in major metropolitan areas and very small towns in various parts of the United States. He served three years with the U.S. Army as an enlisted man, much of that time in Germany.

Friday, April 29, 2016

GDP (rate of growth) Trendline from 1960 to 2015


Data points are the rates of GDP (percapita real GDP) growth from 1960 (data point 1) to 2015 (data point 55).  Real GDP factors out the effects of inflation; and, percapita data factors out the effects of population on growth -- so we are trying to measure the productivity due to the factors within the economy itself and not the inflationary effects or the consumption that occurs with more people making and buying things and services.


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