My chosen macroeconomic data type:Inflation

Measurable definition:The inflation is measured by the consumer price index ,which calculates the average price of a basket of all consumer goods and services. According to the U.S. BUREAU OF LABOR STATISTICS, U.S inflation in U.S. is 1.3 % in August 2020.

Current numerical value (and date):

Recent trend:The CPI increased by 0.4% in August 2020 ,and the main reason for inflation increase is the price of used cars and trucks ,which is 5.4%, and gasoline price ,which is 2%. The CPI shows a recovery in the economy as inflation rises by 0.4% in August 2020 ,which is less than the 0.6% rise in inflation in July 2020.

Article title: Car buyers, gas push US inflation upward in August 2020.

Author name: AGENCE FRANCE-PRESSE

Publication source: AGENCE FRANCE-PRESSE

Article date: 11-Sep-2020

URL: https://www.rappler.com/business/inflation-rate-united-states-august-2020

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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/

TUTOR- I am working on this and I would like a tutor to look this over and see if it's okay for me to use for my class I would appreciate any help we have to pick a macroeconomic data also known as macroeconomic indicators and Find current numerical data and answer this template My first one is INFLATION and My Second One Is Economic GROWTH as a tutor which would be a good one that I can use ? in your view OR sounds Okay to present On INFLATION I did not know how to answer CURRENT NUMERICAL VALUE and data ??? If you can help me with that My Next choice that I am looking over is this one Economic GROWTH and here it is OR are they both Okay I would like to use INFLATION but need help on answering that one question thanks or are both Okay

My chosen macroeconomic data type:[this can be a broad category or name of a data type]

Measurable definition:[this is more specific, something that can be measured]

Current numerical value (and date):

Recent trend:[you can write a summary, or include a chart or table of data]

Article title:

Author name:

Publication source:

Article date:

URL: