Question
According to the Bureau of Economic Analysis, A. Using the Bureau of analysis official website, what is the annualized GDP growth rate for 3rd Qtr.
According to the Bureau of Economic Analysis,
A. Using the Bureau of analysis official website, what is the annualized GDP growth rate for 3rd Qtr. 2020 and 4th Qtr. 2020?
B. Create a graph using The Economic Research St. Louis Federal Reserve (Fred)https://fred.stlouisfed.org/ which illustrates the growth rate from 1st Qtr. 2019 through 4th Qtr. 2020. Where is the recession?
C. What does it mean that GDP growth is annualized? - be specific
D. In July of 2021, the NBER announced that the COVID Recession actually ended in April of 2020, making it the shortest recession. Address the following:
1. Based on your personal experience, do you agree with the end date?
2. With so many stimulus and relief bills being passed during the expansionary phase, how is this going to impact future fiscal policies?
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