How much of our boom has been an immigration boom?

 [[{“value”:”From Scott Sumner: Matt Yglesias directed me to a new CBO report, which confirms that immigration explains the recent GDP boom: In our projections, the deficit is also smaller than it was last year because economic output is greater, partly as a result of more people working. The labor force in 2033 is larger by
The post How much of our boom has been an immigration boom? appeared first on Marginal REVOLUTION.”}]] 

From Scott Sumner:

Matt Yglesias directed me to a new CBO report, which confirms that immigration explains the recent GDP boom:

In our projections, the deficit is also smaller than it was last year because economic output is greater, partly as a result of more people working. The labor force in 2033 is larger by 5.2 million people, mostly because of higher net immigration. As a result of those changes in the labor force, we estimate that, from 2023 to 2034, GDP will be greater by about $7 trillion and revenues will be greater by about $1 trillion than they would have been otherwise. We are continuing to assess the implications of immigration for revenues and spending.

And Scott compares Abu Dhabi and Orange County, CA.

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 Current Affairs, Economics