Question
Hello tutor would this be okay if can review thx picking a macroeconomic data would it be correct ? My chosen macroeconomic data type: The
Hello tutor would this be okay if can review thx picking a macroeconomic data would it be correct ?
My chosen macroeconomic data type: The macroeconomic variable chosen is economic growth.
Measurable definition:The economic indicator that measures economic growth is real GDP.
GDP is known for the market value of all final goods and services produced within the domestic territory of a nation during a given time. Quarterly data is available on the real GDP growth rates.
Current numerical value (and date):With the outbreak of the COVID-19 pandemic, there has been a contraction in the U.S. GDP, and the GDP for the second quarter of 2020 has been -31.4%.
Recent trend:The U.S. GDP has been more or less stable over the past couple of years. This current year, there has been a significant fall in the GDP, implying a contraction in economic activities. This has led the economy to enter into a recession. The historical data on the GDP growth rate in the U.S. can be found here: https://bit.ly/3jPWxSx.
Article title: Real GDP growth in the United States, by quarter 2011-2020.
Author Name: Erin Duffin.
Publication source: Statista.
Article date: Oct 6, 2020.
URL: https://www.statista.com/statistics/188185/percent-change-from-preceding-period-in-real-gdp-in-the-us/
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