NO PLAGARISM Introduction: Describe economic indicators and briefly describe the United States economy. (can talk about...

NO PLAGARISM

Introduction: Describe economic indicators and briefly describe the United States economy. (can talk about covid-19 and at least one paragraph)

Conclusion: Summarize the overall state of the United States economy. (can talk about covid-19 and at least one paragraph)

Expert Solution

The top economic indicators, especially in u.s, include real GDP, current employment statistics, producer price index, current employment statistics , money supply, consumer confidence survey, consumer price index.in all these annual GDP figures are considered as one of the best indicators and as per present report us economic activity is freezing.there was a decline in business investment and there is a drop in consumer spending .people are reducing their consumption to save more .there is a sharp \decline in output which may affect the GDP of 2020

people are not able to work and remaining unemployed especially those who are working for a daily basis.26 million Americans filing for unemployment, long with low consumption.this recession period may last for many years and the government to find some strategies to overcome this.the circulation of money is very less and the federal bank has to take some policies to increase the money supply

Rahul Sunny answered 2 years ago

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