Please conduct an interview research( sources must be in MLA format), and write
ID: 1156203 • Letter: P
Question
Please conduct an interview research( sources must be in MLA format), and write a brief analysis (250 words) of the current status of the U.S. economy. Include current values and trends for at least three of the following indicators:GDP Productivity Inflation Unemployment CPI Balance of payments and/or trade
Thank you so much! Please conduct an interview research( sources must be in MLA format), and write a brief analysis (250 words) of the current status of the U.S. economy. Include current values and trends for at least three of the following indicators:
GDP Productivity Inflation Unemployment CPI Balance of payments and/or trade
Thank you so much!
GDP Productivity Inflation Unemployment CPI Balance of payments and/or trade
Thank you so much!
Explanation / Answer
The U.S. economic outlook is healthy according to the key economic indicators. The most critical indicator is the gross domestic product, which measures the nation's production output. The GDP growth rate is expected to remain between the 2 percent to 3 percent ideal range. Unemployment is forecast to continue at the natural rate.
U.S. GDP growth will rise to 2.8 percent in 2018, 2.4 percent in 2019, and 2.0 percent in 2020. That's according to the most recent forecast released at the Federal Open Market Committee meeting on June 13, 2018. This estimate takes into account president Trump's economic policies.
The unemployment rate will drop to 3.6 percent in 2018, and 3.5 percent in 2019 and 2020. That's lower than the Fed's 6.7 percent target. The Bureau of Labor Statistics publishes an occupational outlook each decade. Overall, the BLS expects total employment to increase by 20.5 million jobs from 2010 to 2020. While 88 percent of all occupations will experience growth, the fastest growth will occur in healthcare, personal care and social assistance, and construction.
Inflation will be 2.0 percent in 2018 and 2.1 percent in 2019 and 2020. The core inflation rate strips out those volatile gas and food prices. The core inflation rate will be 2.0 percent in 2018, and 2.1 percent in 2019 and 2020.
U.S. manufacturing is forecast to increase faster than the general economy. Production will grow 2.8 percent in 2018. Growth will slow to 2.6 percent in 2019 and 2 percent in 2020.
United States’ Balance of payments
The U.S. current account balance has been heavily influenced by international trade flows, with the ongoing trade deficit resulting in a consistent current account deficit. Earnings on U.S. assets and investments owned abroad have a very small part in the current account, and a surplus in this category is not nearly enough to offset the large trade deficit. The U.S. current account deficit widened progressively since the 1990s and reached an all-time record and global high of 5.8% of GDP in 2006. The deficit has since narrowed due in part to increased domestic oil production. Foreigners continue to invest in U.S. assets and companies, and so the net international investment position of the United States has grown over time. The United States is by far the top recipient of foreign direct investment (FDI.
The U.S. economic outlook is healthy according to the key economic indicators. The most critical indicator is the gross domestic product, which measures the nation's production output. The GDP growth rate is expected to remain between the 2 percent to 3 percent ideal range. Unemployment is forecast to continue at the natural rate.
U.S. GDP growth will rise to 2.8 percent in 2018, 2.4 percent in 2019, and 2.0 percent in 2020. That's according to the most recent forecast released at the Federal Open Market Committee meeting on June 13, 2018. This estimate takes into account president Trump's economic policies.
The unemployment rate will drop to 3.6 percent in 2018, and 3.5 percent in 2019 and 2020. That's lower than the Fed's 6.7 percent target. The Bureau of Labor Statistics publishes an occupational outlook each decade. Overall, the BLS expects total employment to increase by 20.5 million jobs from 2010 to 2020. While 88 percent of all occupations will experience growth, the fastest growth will occur in healthcare, personal care and social assistance, and construction.
Inflation will be 2.0 percent in 2018 and 2.1 percent in 2019 and 2020. The core inflation rate strips out those volatile gas and food prices. The core inflation rate will be 2.0 percent in 2018, and 2.1 percent in 2019 and 2020.
U.S. manufacturing is forecast to increase faster than the general economy. Production will grow 2.8 percent in 2018. Growth will slow to 2.6 percent in 2019 and 2 percent in 2020.
United States’ Balance of payments
The U.S. current account balance has been heavily influenced by international trade flows, with the ongoing trade deficit resulting in a consistent current account deficit. Earnings on U.S. assets and investments owned abroad have a very small part in the current account, and a surplus in this category is not nearly enough to offset the large trade deficit. The U.S. current account deficit widened progressively since the 1990s and reached an all-time record and global high of 5.8% of GDP in 2006. The deficit has since narrowed due in part to increased domestic oil production. Foreigners continue to invest in U.S. assets and companies, and so the net international investment position of the United States has grown over time. The United States is by far the top recipient of foreign direct investment (FDI.
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