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State of National Economy

Using current information, complete a paper on the state of the national economy.

The paper should include information on economic events, trends, conditions, and forecasts that indicate the current or forecasted health of the economy. Write responses as if sending to the CEO and senior staff.

Research current information and complete a paper on the state of the national economy. Paper that addresses the following questions:

What sources of information were researched and utilized?

What economic measures are commonly used in discussions of the health of the economy?

What macroeconomic tools are policymakers currently using?

What have been the results - what is the state of the economy?

Solution Preview

STEP 1
What sources of information were researched and utilized?
Sources of information used and researched:
www.whitehouse.gov/nec/ -
www.stat-usa.gov/
www.bea.gov/
www.newyorkfed.org/research/national_economy/nationalindicators.html
www.bls.gov/www.census.gov/epcd/
www/econ97.html

STEP 2
What economic measures are commonly used in discussions of the health of the economy?
The per capital GDP;
The GDP;
GDP real growth rate;
GDP Composition by sector:
Size of the Labor force:
Unemployment Rate:
Population below poverty line:
Household income or consumption by percentage share:
Distribution of family income:
Inflation rate:
Investment rate:
Public debt:
Industrial production growth rate:
Oil production:
Oil consumption:
Current account balance:
External Debt:

STEP 3
What macroeconomic tools are policymakers currently using?
There has been a set of macroeconomic tools that have been used in the USA over a period of time. In 1980s ...

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