Step 1

Choose the following states to 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 the 6 states for the year 2018. You must collect all the six pieces of information indicated 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).

type 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?