A Fuzzy Mathematical Model for United States Economic Growth
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Economic growth in the United States has fluctuated greatly since the 17th century when the colonies were first established. Over this time the United States has risen to become the largest economy in the world. Despite the continual growth in the economy government policy, private sector factors, and communal influences have shaped the economy. The overall growth of the economy will be judged on the change in the Real Gross Domestic Product (GDP). The primary task is to develop an objective strategy to deal with the factors that effect U.S. economic growth by analyzing the economy broken up into four-year terms based on presidential term periods since 1960. This year was chosen as the base year because of the amount of readily available information beginning at this time. 1960 marks the end of the "Post-War era" and is also marked by John F. Kennedy's historic tax cuts, which brought tax levels to a rate comparable to today's rates. This allows for more accurate comparison.