Number: RL32987
Title: Long-Term Growth of the U.S. Economy: Significance, Determinants, and Policy
Authors: Craig K. Elwell, Government and Finance Division 
Abstract: The rate of long-term economic growth is the salient measure of the nation's ability to steadily advance its material living standard. The pace of long-term economic growth is likely to be a center of attention in the decades just ahead, as the U.S. economy confronts the need to undertake unprecedentedly large generational transfers of income to pay for the retirement of the huge baby-boom generation as well as large transfers to the rest of the world to meet the debt service costs of the United States' large and still growing foreign debt.
Pages: 30
Date: May 25, 2006