Question

What kind of information can be found in the “Economic Report of the President?”

Find a web site that contains the “Economic Report of the President“ and review the information that is available there. What did you find that (1) was unexpected, (2) was most interesting to you, and (3) you think might have the greatest value to an expert in measuring economic damages?

Answer 1

The Economic Report of the president is a annual report which is written by the Chairman of the Council of Economic Advisers. The Chairman of the council prepares the report every year. It is an important tool foe presenting the domestic and international economic policies, it provides an overview of a country's economic situation/progress with extensive data and text. Let's take example of United States of America, The economic Report of the president is submitted to congress not later than 10 days after the submission of the Budget of United States Government. It includes the economic policies of country, progress of economy, future course of action any many more information.

The report also includes many other plans, programmes and polices. Some of them are as below:-

a) The employement opportunities that can be generated, objectives of such employment for significant group of the workforce.

b) The productivity level required to be achived during the year.

c) Annual goals that a country wants to achive during a particular period of time.

d) The amount of wages that can be given to the employees.

e) Current and future trends and annual numerical goals related topics such as Budgets, Population, Employment, Production, real income, inflation, unemployment issues etc.

f) The report also includes the recovery and reinvestment plans which is required to be achived whithin fixed period of time.

g) The better performance of Health care system and reforms required.

h) Addressing the climate changes taking place and proper course of action to protect the envoirnment.

i) Plans for strengthening the financial system of country. How to regulate the financial market.

For the detailed information about the above discussed points we have to refer the any one Economic Report of the President.

As said above, I selected the Economic Report of the President together with The Annual Report of the Council of Economic Advisor for the year 2017 issued from Whitehouse. After going through the report, as per my view i can say that there might have the greatest value to an expert in measuring economic damages.

The report showed that the country is pro-active rather than reactive to the upcoming problems upto certain level. The analysis of future problems, their causes and findings of available solutions to cope with the issues can create gretest value to any economy and helps in minimizing the damages at its lowest. However, as we know future is uncertain no one can predict that what will happen in near future but one should be prepared to face the challanges.

So. clearly it can be said that , Economic Report helps the experts in measuring the economic damanges.