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<span>When GDP per capita is lower, the poverty rate will tend to be higher. People, on average, will be producing less in that economy as well as being paid less for what they do produce. This will lead to a lowered standard of living. Economies with lower poverty rates will have higher per capita GDP and better standards.</span>
In 1993, President Clinton and Vice President Gore launched their economic strategy: (1) establishing fiscal discipline, eliminating the budget deficit, keeping interest rates low, and spurring private-sector investment; (2) investing in people through education, training, science, and research; and (3) opening foreign markets so American workers can compete abroad. After eight years, the results of President Clinton's economic leadership are clear. Record budget deficits have become record surpluses, 22 million new jobs have been created, unemployment and core inflation are at their lowest levels in more than 30 years, and America is in the midst of the longest economic expansion in our history.