Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose the following statesto work with. They are used as representatives of different regions of the U.S. California, Minnesota, Texas, Florida, New York, MA Step

Choose the following statesto work with. They are used as representatives of different regions of the U.S.

California, Minnesota, Texas, Florida, New York, MA

Step 2

Use the resources available at the library or online to get information on the following macroeconomic measures for each of the6 states for the year 2018. You must collectall the six piecesofinformationindicated below for each state. Make sure the data is in the right units.

i.Real GDP (in US$) since this is for a state it is called Gross State Product

ii.Size of Population (in millions)

iii.Labor Force (in millions)

iv.Per Capita income (in US$)

v.Unemployment rate (percentage)

vi.Consumer Price Index (CPI).

(Good sources for all this information are theUS Census Bureau,Bureau of Economic Analysis,Bureau of Labor Statistics, and the Federal Bureau of Investigation. However, you are free to choose any other source as long as you cite the source for all the information collected for your assignment.)

Step 3 (Week11submission).

Turn in all this data for the project on one page in an Excel spreadsheet by the end of week11on Ulearn. It is important you be able to format everything to make it easily presentable and readable to any audience. Feedback will be provided on the data if required and these changes need to be incorporated before you turn it in with the final paper.

Step 4

make a report that addresses the following topics:

Compare and contrast the 6 states in the pool. Provide an economic argument and rationale for choosing one of the 6 states in your group that you would prefer to live and work in?

Use the data on the above 6 variables collected by you to make a paper on how the 6 states compare to each other and which of these states would you rather live and work in. You are free to use any additional information you want. Include the above Excel data spreadsheet with all the data in your report.

Step 5.(Week 15 submission)

(written 3pages minimum +1 pg data spreadsheet + citations, MLA ).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Price theory and applications

Authors: Steven E landsburg

8th edition

538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458

More Books

Students also viewed these Economics questions

Question

=+ 5. Do Europeans work more or fewer hours than Americans?

Answered: 1 week ago