Description
This assignment will allow you to chose a current event and analyze it with the macro tools and models we developed in class during the semester. It is a short analysis (3-4 pages, 1.5 space, font size 12) with a focus macroeconomic policy. It will mimic our group presentations, but this time it is solo. You can pick any topic we covered in class.
i) Please find an article related to Macroeconomics [The choice of your source (your article) is very important. It has to be directly related to what we covered in class and macro theory. Investment, stock market analysis, financial analysis pieces, op-eds or blogs from financial market analysts are not good choices. Going over sources like the Economist, WSJ, New York Times, FT, etc... will give you many options.]
ii) Connect it to the material we covered in class, using equations, graphs and our models. Utilizing at least one relevant graph is required. [This is important, along with the choice of your source. These two will shape your grade. Definitely include at least one graphical analysis.]
iii) Put your final project together in a short analysis format (3-4 pages, 1.5 space, font size 12) - similar to the articles you used in your group presentation and your weekly analysis - but in more depth.
Explanation & Answer
Attached. Please let me know if you have any questions or need revisions.
Running head: GROSS DOMESTIC PRODUCT
Effects of Gross Domestic Product (GDP) on the USA Economy
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GROSS DOMESTIC PRODUCT
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Effects of Gross Domestic Product (GDP) on the USA Economy
Gross Domestic Product is the total value of the domestic goods and services
produced in a country. GDP is one of the key indicators used to gauge a country's overall
economic performance. A country's economy grows if its GDP increases and vice versa.
Constant GDP indicates a stagnant or steady economy. GDP calculation involves the value of
commercial goods and services and intangible goods such as software classified under
service. GDP may be measured quarterly or yearly, often calculated over specified time
frames. GDP is used worldwide as an indicator to measure the economic health of different
countries. GDP is necessary for assisting government administrations in formulating
economic policies that regulate and control a given country's economic activities. Data
collected from the GDP help investors in making critical financial decisions related to
investments.
Methods of calculating Gross Domestic Product (GDP)
The calculation of GDP depends on a collection of data from different sectors. The
main sectors of consideration include manufacturing, mining, agriculture, social and public
services, real estate and insurance, hotel, trade, construction, forestry and fishing, financing,
and electricity and gas energy supply. Calculation of expenditure-based GDP includes the
summation of all the amount spent on final goods and services. The expenditures include net
exports, business investment spending,...
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