Describe economic indicators and briefly describe the United States economy.

The audience for this project is your friends and family who do not know all the details about the economy. You can consider sharing this project with them!Please use the following outline to complete your project:IntroductionDescribe economic indicators and briefly describe the United States economyBusiness CycleWhat are the four phases of the business cycle? Which phase are we in now? When do you think the United States economy will move to the next phase? Visit the NBER (http://nber.org/cycles/cyclesmain.html.) website and review the recent business cycle data. How long as the economy been in the current phase?Gross Domestic ProductWhat does GDP measure? What is the current level of GDP for the United States? What is the percentage growth wth from last year? Do you expect this growth rate to continue?InflationHow do economists measure inflation? Did the CPI recently increase or decrease? Visit the Bureau of Labor Statistics (http://www.bls.gov/cpi/) website and explore the Consumer Price Index section. Summarize the latest press release and explain what caused the index to increase or decrease.UnemploymentHow do economists measure unemployment? Why is unemployment not a perfect measure of joblessness? Visit the Bureau of Labor Statistics (https://www.bls.gov/bls/unemployment.htm) website and explore the national unemployment rate section. What is the current level of national unemployment? Has it increased or decreased? Explain why the unemployment rate has changed.Monetary PolicyWhat is monetary policy? Who conducts monetary policy in the United States? Visit the Federal Reserve (https://www.federalreserve.gov/) website and read the most recent FOMC statement. Did the FOMC increase or decrease interest rates? Explain why the FOMC changed the interest rate and how a change in the interest rate impact the economy as a whole.Fiscal PolicyWhat is fiscal policy? Is the President and Congress currently running expansionary fiscal policy or contractionary fiscal policy? Visit the Congressional Budget Office (https://www.cbo.gov/.) and report a project that could impact the budget (search topics then pick an area that you find interesting).International TradeVisit The Observatory of Economic Complexity (https://oec.world/en/.) and report the top five imports and top five exports of the United States. Which countries do we trade with the most? Should America encourage free trade with its trading partners or seek a more protectionist approach? Take a stand on this issue.Support your opinion with good economic reasoning. Who benefits from your approach and who loses? Why? Include impacts on both American citizens and the citizens of the other countries with whom we (U.S.) trade.ConclusionSummarize the overall state of the United States economy.
Each section (introduction, business cycle, GDP, unemployment, inflation, fiscal policy, monetary policy, international trade, conclusion) should be a paragraph or two. Remember, your audience is family and friends who do not have a full understanding of the economy.
Rubric:Introduction ParagraphIncludes an introduction to the paper that outlines the importance of economic indicators.
Business Cycle ParagraphIncludes the four phases of the business cycle, description of which phase the U.S. economy is currently in, how long the economy has been in the current phase, and an estimate of when the economy will move to the next phase.
GDPIncludes description of GDP, level of GDP, GDP growth rate and analysis of GDP.
Inflation ParagraphIncludes summary of most recent CPI press release from BLS and analysis of change in CPI from previous period.
Unemployment ParagraphIncludes summary of most recent Unemployment press release from BLS and analysis of change from previous period.
Monetary Policy ParagraphIncludes analysis of the state of monetary policy.
Fiscal PolicyIncludes analysis of fiscal policy and CBO projections.
International TradeIncludes analysis of United States exports and imports, and countries the United States trades with.
ConclusionIncludes a well-round conclusion paragraph that summarizes the paper.

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Custom Paper Help, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@acmehomework.com.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Custom Paper Help has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

Essays

Essay Writing Services

At Custom Paper Help, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.

Admissions

Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.

Editing

Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.

Coursework

Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.