Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You own an economic research company. To make decisions concerning the size of its labor force and changes in investment, the board of a major

You own an economic research company. To make decisions concerning the size of its labor force and changes in investment, the board of a major national corporation has commissioned you to forecast the U.S. GDP rate of growth for the next calendar year. The research paper that you will submit to the board should provide an extensive analysis of the current and future economic conditions and should include, but not be limited to, the following:

1. A discussion of the past 10 years of GDP growth rate data

2. A discussion of the past 10 years of employment/unemployment data

3. A discussion of the past 10 years of inflation data

4. A discussion of the recent and future legal climate and its effect on the rate of GDP growth for next year

5. A discussion of the current and potential political events and their possible impact on the rate of GDP growth for next year

6. A discussion of the current and potential global political events and their possible impact on the rate of GDP growth for next year

7. A discussion of any significant recent and future social and cultural trends, in the country and around the globe, and their potential impact on the rate of GDP growth for next year

8. A discussion and critique of at least two prominent organizations'/economists'/publications' predictions for GDP growth for next year. In your opinion, what are the weak points in each analysis and prediction? Is anything over- or underemphasized in each of the analyses?

9. Your conclusion: In your opinion, which of the discussed predictions is best and why? Would you use the same figure in your forecast, or would you make adjustments to your choice of best forecast? What kind of considerations did you make in making adjustments to your choice of best forecast? How does your forecast compare to the forecasted figures by some of the other reputable organizations/publications that you did not include in your previous analysis?

Step by Step Solution

3.46 Rating (166 Votes )

There are 3 Steps involved in it

Step: 1

Macroeconomics US GDP Abstract This is a research report The report comprises of a discussion of the past 10 years of GDP growth rate data employmentunemployment data and inflation data Also in the re... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: John Sloman, Alison Wride

7th edition

978-027372130, 273721305, 978-0273721307

More Books

Students also viewed these Economics questions

Question

How could a parasite store increase the size of its trading area?

Answered: 1 week ago