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    Nitesh Agrawal
    The document provides data on real GDP, unemployment rates, and CPI indices for the US from 2006 to 2014. It asks the reader to calculate changes in inflation rates, unemployment rates, and RGDP growth rates over this period and describe overall economic performance from 2007 to 2014, and predict trends for 2015-16.

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    Question

    Uploaded by

    Nitesh Agrawal
    21 views1 page
    The document provides data on real GDP, unemployment rates, and CPI indices for the US from 2006 to 2014. It asks the reader to calculate changes in inflation rates, unemployment rates, and RGDP growth rates over this period and describe overall economic performance from 2007 to 2014, and predict trends for 2015-16.

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    The document provides data on real GDP, unemployment rates, and CPI indices for the US from 2006 to 2014. It asks the reader to calculate changes in inflation rates, unemployment rates, and RGDP growth rates over this period and describe overall economic performance from 2007 to 2014, and predict trends for 2015-16.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    21 views1 page

    Question

    Uploaded by

    Nitesh Agrawal
    The document provides data on real GDP, unemployment rates, and CPI indices for the US from 2006 to 2014. It asks the reader to calculate changes in inflation rates, unemployment rates, and RGDP growth rates over this period and describe overall economic performance from 2007 to 2014, and predict trends for 2015-16.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    Use the data in the Table to answer the questions asked in 4a and 4b on each of the 3 variables

    for the US economy:


    a. Calculate the changes in inflation rates, unemployment rates and the RGDP growth rates for
    the years from Year 2007 through 2014 and show them in a new column next to each of the
    values of the three variables (a template of the table is given below). 5 pts
    Year
    2006
    2007
    2008
    2009
    2010
    2011
    2012
    2013
    2014

    Real
    GDP
    14,613.8
    14,873.7
    14,830.4
    14,418.7
    14,783.8
    15,020.6
    15,369.2
    15,710.3
    16,089.8

    RGDP growth
    rate in %
    ?
    ?
    ?
    ?
    ?
    ?
    ?

    Unemploym
    ent Rate
    4.6%
    4.6%
    5.8%
    9.3%
    9.6%
    8.9%
    8.1%
    7.4%
    6.2

    Change in
    U rate in %
    ?
    ?
    ?
    ?
    ?
    ?
    ?

    CPI
    Indices
    201.6
    207.3
    215.3
    214.53
    218.05
    224.93
    229.59
    232.96
    236.74

    Inflation
    rate in %
    ?
    ?
    ?
    ?
    ?
    ?
    ?

    Source: for CPI and U-Rate date: www.bls.gov


    For RGDP data: www.bea.gov
    b. Based on those calculations, briefly describe the overall economic performance over the last 8
    years (2007-2014) and critically predict about these three macroeconomic variables for 2015-16.
    5 pts
    Hint: While predicting the trend for 2015-16 (based on the growth rates and trend you estimated
    in the table above), it is imperative to observe the most recent data on these three variables.

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