Question

In: Economics

Collect the following macroeconomic data for the US for the period ranging 2001 to 2017 and...

Collect the following macroeconomic data for the US for the period ranging 2001 to 2017 and present on a table format the following data sets: Real GDP, Per Capita Real GDP, Real GDP Growth Rate (%), Unemployment Rate, and Inflation Rate (%)

Solutions

Expert Solution

The following table gives the macroeconomic data for the economy of the USA for the time period 2001 to 2007 and 2018.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Real GDP (billions of chained 2012 $) 13262.1 13493.1 13879.1 14406.4 14912.5 15338.3 15626.0 15604.7 15208.8 15598.8 15840.7 16197.0 16495.4 16899.8 17386.7 17659.2 18050.7 18566.4
Per Capita Real GDP (2012 $) 46497.0 46858.0 47755.0 49124.0 50381.0 51330.0 51794.0 51241.0 49501.0 50354.0 50766.0 51541.0 52130.0 53024.0 54160.0 54619.0 55470.0 56702.0
Real GDP growth rate (%) 1.0 1.7 2.9 3.8 3.5 2.9 1.9 -0.1 -2.5 2.6 1.6 2.2 1.8 2.5 2.9 1.6 2.2 2.9
Unemployment rate 4.7 5.8 6.0 5.5 5.1 4.6 4.6 5.8 9.3 9.6 8.9 8.1 7.4 6.2 5.3 4.9 4.4 3.9
Inflation rate (%) 2.8 1.6 2.3 2.7 3.4 3.2 2.9 3.8 -0.3 1.6 3.1 2.1 1.5 1.6 0.1 1.3 2.1 2.4

Related Solutions

Use the macroeconomic data in the table below for the US economy for 2017 and 2018...
Use the macroeconomic data in the table below for the US economy for 2017 and 2018 to answer the questions followed. Year NGDP in ‘000” RGDP In ‘000’ In 2009 prices RGDP Growth Rate % GDPD Inflation Rate % u-Rate % CPI Inflation Rate % 2017 2018* 19,390.6 17,096.2 - ? - 4.4 245.12 - 19,956.8 17,379.7 ? ? ? 3.9 250.5 ? * Estimated data from 2017 data, but very close. Sources: www.bea.gov and www.bls.gov 5a. Estimate the values...
Collect data on inflation and unemployment for the UK and the US during the 1970s and...
Collect data on inflation and unemployment for the UK and the US during the 1970s and 1980s using OECD.stat. The 1980s was a period of significant disinflation for the two economies. Use the data gathered* and content of the chapter 4 of the textbook to answer the following questions: a. Was the disinflation costly in terms of unemployment? b. Does the data provide evidence that inflation expectations were being formed rationally during this period? c. How can the concept of...
Using a sample of data over a period of one year, explain how macroeconomic variables (use...
Using a sample of data over a period of one year, explain how macroeconomic variables (use two variables) and the Covid-19 virus (discovered in January) have affected the performance of the stock markets. So, my question is what tests should I perform on Eviews with panel data to answer the above questions? (tests should only be performed on Eviews)
physicians collect data for medical purposes. why do nurses collect data
physicians collect data for medical purposes. why do nurses collect data
Use IS- LM model to analyze the US recession in 2001 : + What US followed...
Use IS- LM model to analyze the US recession in 2001 : + What US followed to remedy the recession + Use IS- LM model to analyze the effects of the remedies
Does real GDP growth cause unemployment to fall? Collect data on US average quarterly unemployment and...
Does real GDP growth cause unemployment to fall? Collect data on US average quarterly unemployment and US GDP growth the last 10 years.Run a linear regression, and report the results (t-statistic or p-value, R2).Is there a strong causation?
Does real GDP growth cause unemployment to fall? Collect data on US average quarterly unemployment and...
Does real GDP growth cause unemployment to fall? Collect data on US average quarterly unemployment and US GDP growth the last 10 years. Run a linear regression, and report the results (t-statistic or p-value, R2). Is there a strong causation?
Compile data on US GDP for the year 2017. Using this data, create a circular flow...
Compile data on US GDP for the year 2017. Using this data, create a circular flow map of the US.
How would the trade war actually affect the macroeconomy of the US? Summarize decade-long macroeconomic data...
How would the trade war actually affect the macroeconomy of the US? Summarize decade-long macroeconomic data in the US. Analyze US’s economic structure and argue on the severity of those impacts. Based on your above data analysis, comment on whether President Trump's tariff and tax policies help resolve some underlying structural issues revealed from the trade war
The following data is from a survey that was conducted in both 1996 and 2001. Did...
The following data is from a survey that was conducted in both 1996 and 2001. Did the rates of smoking differ from 1996 to 2001? *Smokers are defined as those who smoke every day. State the Null and Alternative hypothesis. If possible, USING EXCEL, run a CHI square test. 1996 2001 Grade Smokers* Non smokers Smokers* Non smokers 8th       1,101     13,566          815     13,852 10th       2,107     12,560       1,833     12,834 12th       3,187    ...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT