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The indicators we chose as meaningful are also ones used by the Federal Reserve to determine interest rates, automatically validating them as important.
The trade deficit is one of the aggregate demand statistics. It shows the balance between imports and exports of the United States. This is the Nx part of GDP. Recently imports have risen while exports have remained constant, making the trade balance more negative and draining GDP. Consumer Confidence is an important indicator of GDP. This is an index created to reflect the sentiment of consumers and how likely they are to spend. This is the C in GDP...
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