I believe the US economy, once it has regained the real GDP level of $19.253trn, will grow more rapidly in the next three years than 2.25% on average. Please explain why this is likely and how?Mark scheme:

1. For economic data used to make your case, up to five marks each data set (present data in graph format) -up to 20 marks in total.To score highly you must:
2. present the data well and properly labelled
3. present sufficient data to support your argument
4. provide narrative to explain the data and its implications

1. Good use of the data
2. up to 3 marks each time the data is used and the significance of the data to the case you are making is well-articulated. Remember for example, nominal and real are different, explain what is happening if you are using index numbers, are you showing annual or quarterly numbers, percentage changes or absolute changes in totals?
3. up to 3 marks for the first time a key term is defined
4. For each instance of use of economic analysis as learned in class - up to 10 marks possible with good explanation,use of the relevant diagram/diagrams(note:By my definitions the PPF is adiagram.Presentation of GDP data forthe period 1998-2018 in the form of a graph with the numeric values on the Y-axis and time on the X-axis is agraph)and an explanation.Soft copies of all the diagrams displayed in the class powerpoint handouts are available in Canvashere.
5. Good articulation of a macroeconomic point well-supported by the data and analysis 3 marks each time