This is why Tennessee ranks as one of the top 10 states for economic outlook

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Tennessee's relatively low tax rate helped the state outperform the country in its economic growth over the past decade, according to a new conservative study that ranks Tennessee as one of the top states for its economic outlook.

From 2007 to 2017, Tennessee's overall economy as measured by its gross domestic product grew by 43.1 percent - the seventh fastest of any U.S. state and above the national average in all but two of the 10 years. The Volunteer State also added a net 235,494 persons from domestic migration - the 9th highest of any state - and grew payroll employment by 8 percent to rank 13th among the states.

Top states for economic outlook

Based upon the limited tax and regulation goals of the conservative American Legislative Exchange Council, the top U.S.