Look at the latest GDP report. What is the rate of GDP growth during 2023 Quarter 1? Is the growth rate satisfactory or should it be higher or lower? Explain. Which are some of the items making a positive contribution to economic growth? 

U.S. International Trade in Goods and Services, May 2023
The U.S. monthly international trade deficit decreased in May 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $74.4 billion in April (revised) to $69.0 billion in May as imports decreased more than exports. The goods deficit decreased $4.8 billion in May to $91.3 billion. The services surplus increased $0.7 billion in May to $22.3 billion. 
In addition, the trade in services statistics in BEA’s annual International Services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are now available with statistics through 2022.

Which are some of the items negatively impacting economic growth? Looking at the trend in GDP growth over the last few quarters what can you conclude about the employment situation and inflation in the economy?

Billion $ 115 105 95 85 75 65 55 0 May 2021 Goods and Services Trade Deficit Seasonally adjusted Monthly deficit U.S. Bureau of Economic Analysis U.S. Census Bureau Three-month moving average May 2022 May 2023 U.S. International Trade in Goods and Services July 6, 2023