how would you describe the macroeconomics situation un the US at the end of 2019 ?...

how would you describe the macroeconomics situation un the US at the end of 2019 ?

( output , employment, unemployment , prices etc )

Expert Solution

Output

U.S. GDP growth declined to 2.3% in 2019 which 0.6% less from last year this slow growth in output is result of slowdown in the automobile sector , downturn in imports, fall in investment accompanied by loww gross capital formation.there was some positive relief in consumer spending front which is increased.

Employment & Unemployment

U.S. annual Unemployment rate in 2019 was 3.7% which is the lowest in last 50 years payrolls continued to increased above pace With more than 7 million open jobs in the US are created which further contribute in national output.

Price Levels

The annual inflation rate for the United States is 1.5% for the 12 months ended March 2020 as compared to 2.3% previous year and below the FED's target 2% rate, the FED is currently concerned with a market meltdown due to falling Oil prices which resulted to lowering the prices of goods and services.

Rahul Sunny answered 2 years ago

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