gather national annual data spanning 1990-2014 this is a two (2)
Gather NATIONAL ANNUAL data Spanning 1990-2014
This is a two (2) part assignment.
Part 1: Compile Data
Following Variables
Nominal GDP
Real GDP
CPI
Inflation Rate
Unemployment Rate
Labor Participation Rate
Document Format: Excel File
What to include/display:
Rows = Years
example: Row 1 = 1990
example: Row 2 = 1990
Columns = Variables
example: Column 1 = Nominal GDP
Possible Sources for the Data
Economic Report of the President – Statistical Tables
Bureau of Labor Statistics
Department of Commerce – Bureau of Economics Analysis
F.R.E.D
Any other source, you must state the source of the data and reason for selecting that alternate source.
Part 2: Data Analysis and Explanation
Document Format: MS Word File
In your document you should list and answer these questions:
What is the percentage increase in real GDP (economic growth) between years 1990 and 2000, 2000-2008, 2008-2014
Calculate the inflation rate (percentage change in the CPI) between years 1990 and 2000, 2000-2008, 2008-2014
Comment on the relationship (and direction of change between economic grown, unemployment rate, inflation rate over the 1990 and 2000, 2000-2008, 2008-2014
Has real GDP been higher or lower than Nominal GDP over the years 1990 and 2000, 2000-2008, 2008-2014? EXPLAIN?
Given the trend inflation rate, do you think the FED should increase the interest rates? HINT: The real interest rate = Interest rate on a loan (Nominal interest rate) – inflation rate
