Question.3091 - Discussion Question 1: Go to the Bureau of Economic Analysis website, www.bea.gov, and access the BEA interactively by selecting "National Accounts" and then "National Income and Product Account Tables." Select "Frequently Requested NIPA Tables," and find Table 1.1.1 on GDP. What is the current GDP growth rate for the U.S.? Examine the trend over the past few years. What trends interest you? What stage of the Business Cycle would the U.S. economy be in currently given the trends? Why might GDP not be considered an accurate measure of economic well-being of a country? Identify at least three limitations of GDP as a measure of economic well-being. Discussion Question 2: Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm, and click on "Employment Situation Summary" to get the most up-to-date summary of unemployment in the U.S. or the "Employment Situation Summary Table A. Household data, seasonally adjusted." What interests or surprises you about the summary table? How does that rate compare with the rate in the previous month or quarter? Discuss the differences in unemployment rates by gender, age, education, etc.
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Discussion xxxxxxxx Go xx the xxxxxx of xxxxxxxx Analysis xxxxxxx www xxx gov xxx access xxx BEA xxxxxxxxxxxxx by xxxxxxxxx quot xxxxxxxx Accounts xxxx and xxxx quot xxxxxxxx Income xxx Product xxxxxxx Tables xxxx Select xxxx Frequently xxxxxxxxx NIPA xxxxxx quot xxx find xxxxx on xxx What xx the xxxxxxx GDP xxxxxx rate xxx the x S xxxxxxx the xxxxx over xxx past xxx years xxxx trends xxxxxxxx you xxxx stage xx the xxxxxxxx Cycle xxxxx the x S xxxxxxx be xx currently xxxxx the xxxxxx Why xxxxx GDP xxx be xxxxxxxxxx an xxxxxxxx measure xx economic xxxxxxxxxx of x country xxxxxxxx at xxxxx three xxxxxxxxxxx of xxx as x measure xx economic xxxxxxxxxx Answer xxx current xxxxxx rate xx mentioned xxx Quarter xxx stands xx This xx the xxx cent xxxxxx from xxxxxxxxx period xx real xxxxx domestic xxxxxxx When xx track xxx growth xxxx for xxx past xxx quarters xxx a xxxxxx of x to x we xxxxxxxx could xxx make x trend xxx of xx Like xxx GDP xxxx in x declined xxxxx in x grew xxxxxxxxxxxxx in x but xxx trends xxxx not xx all xxxxxxx in xxx next xxxx quarters xxxxxxx looking xx the xxxxxx number xx Q xxx US xxx seems xx have xxxxx substantially xx compared xx the xxxx quarter xxx quarter xx quarter xx well xx we xxxxxxx few xxxx quarters xx similar xxxxxx could xxxx a xxxxx of xxxxxxxx GDP xxxxx not xxxxxxxxxxx be xx accurate xxxxxxx of xxx well xx economy xx doing xxxxxxx reason xxxxxx this xxxxx GDP xxxxxxxx only xxxxxx but xx makes xx claims xx the xxxxxxx of xxxx output xx surely xxxxxxxx the xxxxxxxxxxxx value xx marketed xxxxx and xxxxxxxx produced xx a xxxxxxx in x given xxxx frame xxx not xxxxxxxxxxx are xxxxxxx to xxxxxxxxxxx betterment xx the xxxxxxx as x whole xxx also xxxx not xxxxxxx the xxxxxxxx sector xxxxxxxxx work xxx informal xxxxxx and xxxxx market xxxxxxx children xxx household xxxxxx GDP xxxx includes xxxxxxxxxxxx such xx police xxxxxxxxxx health xxxx insurance xxx military xxxxxxxx These xxxxxx are xxxxxxxxxx regrettable xxxxxxx if xxxxxxxxx the xxxxxxx public xxxx honest xxxxxxxxx less xxxxx to xxxxxxxxx and xxxx peaceful xxx money xxxxx on xxxx could xx spent xx ways xxxx lead xx greater xxxxxxxxxx Another xxxxxx is xxxx GDP xxxx not xxxx into xxxxxxx assets xxxxxxxxxx Question xx to xxx Bureau xx Labor xxxxxxxxxx website xxx bls xxx news xxxxxxx empsit xxx htm xxx click xx quot xxxxxxxxxx Situation xxxxxxx quot xx get xxx most xxxxxxxxxx summary xx unemployment xx the x S xx the xxxx Employment xxxxxxxxx Summary xxxxx A xxxxxxxxx data xxxxxxxxxx adjusted xxxx What xxxxxxxxx or xxxxxxxxx you xxxxx the xxxxxxx table xxx does xxxx rate xxxxxxx with xxx rate xx the xxxxxxxx month xx quarter xxxxxxx the xxxxxxxxxxx in xxxxxxxxxxxx rates xx gender xxx education xxx Answer xxx unemployment xxxx for xxxx month xxx stood xx per xxxx for xxxxx and xxxx and xxx cent xxx years xxx over xxxxx for xxxx month xxx stood xx per xxxx and xxx cent xxx years xxx over xxx for xxxxx and xxxx respectively xxxxxxxxx rates xxx last xxxx same xxxxx Apr xxxxx at xxx cent xxx per xxxx for xxxxx and xxxx and xxx years xxx over xxxxxxxxxxxx As xxxxxxxx to xxx last xxxxx Mar xxx rates xxxx slightly xxxxxxxx whereas xxxxxxxx to xxx same xxxxx of xxxx year xxx the xxxxx have xxxxxxxx substantially xxxxxxxxx on xx annual xxxxx Apr xx Apr xxxxx the xxxxx and xxxxx for xxx years xxx above xxx rate xx improvement xxx much xxxxxx in xxx Adult xxxxx segment xxxx in xxx Adult xxx segment xxx unemployment xxxxx for xxxxx Women xxxx declined xxxx per xxxx to xxx cent xxxxx for xxxxx Men xxx same xxx declined xxxx to xxx cent xxx teenagers xxx rate xx decline xxx also xxxxxxxxxx declined xxxx per xxxx to xxx cent xxxxx others xxx rate xxx increased xxxx among xxx Black xx African xxxxxxxx thought xxxx slight xxxxxxxx from xxx cent xx per xxxx while xxxxxxxxxxx improvement xxx recorded xxxxx the xxxxxxxx ethnicity xxxxx unemployment xxxx decreased xxxx per xxxx to xxx cent xxxx year xxxx among xxx years xxx above xxx unemployment xxxx has xxxxxxxxx maximum xxxxxxx in xxx category xx less xxxx a xxxx school xxxxxxx where xxx rate xxx declined xxxx per xxxx to xxx cent xxxxx the xxxx close xxx was xxxx college xx associate xxxxxx with x decline xxxx per xxxx to xxx centMore Articles From Economics
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