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State of the U.S. Economy

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The problem is that I have the assignment sheet but I need someone to explain what I should do. What information I need to gather and what to do with it after I have gathered it. How do I go about explaining the state of the U.S. economy? I am including the assignment sheet so you may better help me. I do not need you to do the research for me but I do need a little more guidance than the assignment sheet. I have also gathered the L. A. times business section from January through March. Thank you.

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Solution Summary

The solution gives an excellent guide on how to talk about the US economy. The solution is not a complete description of the state of the US economy. It merely provides some guidelines and key talking points which can help any student to phrase its own response. This is an excellent guide and provides detailed steps on how to go about describing the state of the US economy.

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State of the US Economy

A probable format of the theses can be as follows:

First Paragraph: Talk about the recent downturn in the US economy with two major events in the last 5 years, 9/11 and war on Iraq. However, the economic impacts due to the latter has not yet been published. Then also talk about how you will show the recent state of the US economy, taking data for the last six years, 1997 to 2002. Also mention that due to economic volatility and frequent fluctuation, you observed data on a quarterly basis.

Second Paragraph: Talk about the major macroeconomic indicators like GDP, CPI, Unemployment Rate, Government Expenditure, Export and Import (Net Export), Household Consumption, Interest Rate and Personal Savings. Type the national income formula from your Macroeconomics text book, Y = C + I + G + (X-M). Here, write in few words, from the text, which indicator has positive or negative impact in the GDP or Y.

Third Paragraph: This is the most important part of the paper. In this part, you will refer to the table containing 4 or 5 or 6 years' US economic data on a quarterly basis. Here, I have gathered some data in the following ...

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