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The CBO forecast that real GDP would grow at an average annualrate of 1.6 percent...

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Economics

The CBO forecast that real GDP would grow at an average annualrate of 1.6 percent from 2023 to 2053. The Trump administration hadhoped to raise the growth rate to 3 percent, although it failed toreach that goal. The Biden administration also pledged to raise theeconomic growth rate, although without committing itself to aparticular target growth rate. Why is an average annual growth rateof real GDP so difficult to attain in the current U.S. economy whenfrom 1960 to 1969, real GDP grew at an average annual rate of 4.5percent? All of the following are factors that make growth ratesthat high more difficult to achieve today except A. rising numberof disabled people. B. an aging population. C. increasedimmigration. D. a slower birth rate.

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