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2.The most recent GDP update from last week (July 29) shows that U.S. GDP grew at a annualized 6.5% rate in the second quarter of
2.The most recent GDP update from last week (July 29) shows that U.S. GDP grew at a annualized 6.5% rate in the second quarter of 2021 (April-June), and GDP in the U.S. is now above its high from before the Covid-19 recession. While this is positive, offer an explanation why this GDP increase may not reflect that the economy is that much better off.What other information would you want to be able to say the U.S. economy is better (or worse) off. Explain.
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