Why Hasn't North Dakota's REAL GDP Grown In A Decade?

The legislature should consider the last decade of data and the current economic winds as they close-out the session over the next ten days.

(Note: All data below is using Federal Reserve data, unless otherwise cited.)

How does one measure economic growth?

For the last decade, the population of North Dakota has boomed.

However, typically, an economy is measured by looking at the GDP. When we look at the raw Nominal GDP, it looks pretty good. From $61.1 billion in 2014 to $75.4 billion in 20…