quora
Nobody downloaded yet

Expected US GDP Growth Rate Going Forward - Research Paper Example

Comments (0) Cite this document
Summary
The US economy has many challenges especially from the year 2008 when it experienced a recession, high inflation, and high unemployment rates. The recession is reported to be officially over and a new period of new economic growth is expected in 2012 and in the years to follow. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Expected US GDP Growth Rate Going Forward
Read TextPreview

Extract of sample
"Expected US GDP Growth Rate Going Forward"

Download file to see previous pages The recession is officially said to have ended by the third quarter of 2009. However, household incomes kept falling for the two year period after September 2009 (Pear, 2012). The key measures of macroeconomic indicators for a product market and labor market include Gross Domestic product (GDP) which measures the real changes in growth and levels of real output and changes in average consumer prices. Changes in the labor market are measured or indicated by the rate of unemployment, total employment and total unemployment (Vroman & Brusentsev, 2005). Other indicators include the base interest rate which is determined based on inflation and inflation levels. These also in turn affect the consumer purchasing power and the level of economic activity in an economy. The United States is a free capitalistic economy where the forces of demand and supply and free enterprise dictate economic development. This paper evaluates the trends, performance and forecasts for the US economy by looking at key economic indicators and concludes at the end of the paper. Literature review The US economy is the largest in the world and its performance affects not only the USA, but also other countries which are trading partners and usually affects the whole world too. The last two years, from 2010, have seen an increase in overall GDP growth although the rate of GDP growth fell from the third quarter of 2010 (Isidore, 2011). In the first quarter of 2010 GDP grew by 3.9 percent and 3.8 percent in the second quarter. The rate fell to 2.5 percent GDP growth in the third quarter and falling further to 2.3 percent in the fourth quarter. In 2011 the GDP grew by just 0.4 percent and improved in the second quarter by growing 1.3 percent in the second quarter. The third quarter of 2011 saw the GDP grow by 2.5 percent showing a steady improvement in GDP growth in 2011, after adjustment for inflation (Isidore, 2011). The observed growth rate especially in the third quarter though good is still considered weak as a growth rate of at least 3 percent to be considered as real growth. The economy is expected to just grow by 2.2 percent in the fourth quarter of 2011 and achieve a 2.3 percent growth rate throughout 2012, though economists predict a robust 3 percent growth in the fourth quarter (Isidore, 2011). The revised upward trend for fourth quarter GDP growth is due to contributions from computer sales adding 0.12 percent. Real personal consumption rose by 2.1 percent in the fourth quarter, which is higher than the 1.7 percent experienced in the third quarter of 2011. Real exports of commodities grew by 4.3 percent in the fourth quarter; all contributing to the expected GDP growth of 3 percent in 2011/2012 (“US GDP Growth rate” 2012). The US is expected to achieve a GDP growth of 2.1 percent in 2012 while 2013 will see a GDP growth of 2.2 percent (“The economist online”, 2012). While the US GDP is expected to grow, the growth is still minute compared to what a good GDP growth should be (3 percent). The trend and forecasts are summarized in the table below; 2009 2010 2011 2012 2013 -0.48 3.13 1.63 2.10 2.20 Source: Trading economics GDP which stands for Gross Domestic Product refers to the total value of all services and goods produced within an economy (or country) in a given year. It is a measure of how much income is generated from production activities within the country’s economy. The GDP incorporates only the finished commodities (goods and services) produced within the economy but does not incorporate capital goods or raw materials used to produce another ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Expected US GDP Growth Rate Going Forward Research Paper”, n.d.)
Expected US GDP Growth Rate Going Forward Research Paper. Retrieved from https://studentshare.org/business/1446423-expected-us-gdp-growth-rate-going-forward
(Expected US GDP Growth Rate Going Forward Research Paper)
Expected US GDP Growth Rate Going Forward Research Paper. https://studentshare.org/business/1446423-expected-us-gdp-growth-rate-going-forward.
“Expected US GDP Growth Rate Going Forward Research Paper”, n.d. https://studentshare.org/business/1446423-expected-us-gdp-growth-rate-going-forward.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
GDP Is Not Enough
These limitations include poor measurement of non-traded products, difficulty in accounting for improvements in the product quality, and the fact that GDP does not include illegal activities which actually affect economic performance. Due to these shortcomings, economics have proposed a change of either supplementing the GDP or replacing it with another method of measuring economic performance.
8 Pages(2000 words)Research Paper
Effects of tourism on economic growth in China
Over the last 20 years, the Chinese economy has witnessed tremendous growth. Numerically there has been even faster growth in international tourism sector. The data from SAM matrix, were used in creating the type II input-output model that enables to approximate the “direct, indirect and the induced” effect of international tourism on the economy.
10 Pages(2500 words)Research Paper
Current US GDP Figures and the Current State of the US Economy
Current US GDP Figures and the Current State of the US Economy It is normally calculated on a yearly basis. It includes all the public and private consumptions occurred within a definite territory. It signifies the current state of any country’s economy.
3 Pages(750 words)Research Paper
Curbing the Impacts of High Population Growth Rate in Brazil
A high population growth rate can be both a blessing and a curse for developing countries. It is a blessing because having a big population especially when the majority of the population is young, means that there are a lot of able bodied citizens that can be part of the countries workforce.
5 Pages(1250 words)Research Paper
Econometrics ; GDP growth in US
Between 2004 and 2008, the Chinese economy, which holds the current record as the fastest growing economy in the world, registered a GDP surge by 106%. The performance of the USA during this period has been relatively slack considering the fact that the growth deficit
2 Pages(500 words)Essay
Economic Growth Rate
4 In your analysis, what role do fiscal and monetary policies have to lead to higher or lower budget deficits? 5 How do budget deficits affect overall long-term economic growth and the debt that the U.S. has to contend with? 5 Restatement of the thesis 6 Conclusion 7 References 8 Introduction There is a correlation between the federal budget and economy.
5 Pages(1250 words)Research Paper
The Choice of Exchange Rate Regime: Does it affect Economic Growth
The aim of this study is to restate the stand of the most influential monetary institution in the world especially when it comes to global trade: consider an economy’s unique situation before opting for an exchange rate. Strengthening an economy’s monetary and fiscal policies are key determinants of economic growth.
11 Pages(2750 words)Research Paper
The growth of China 2008 to 2013 impact on the U.S. economy
China, being a socialist market economy is known to be having the second largest economy when measured in nominal GDP and purchasing power parity (Barth, Tatom & Yago, 2009; Siddique, 2007). Precisely, in the global
10 Pages(2500 words)Research Paper
Unemployment Rate or GDP OR CPI
In most cases, every year’s GDP is simply a comparison to the previous year or quarter. For instance, when the third year or quarter
2 Pages(500 words)Research Paper
Global GDP, Death Rate, and Life Expectancy
The population would have a higher standard of living, better education, more available health care, and a higher level of education. These factors would translate into a longer life expectancy and a lower death rate. This study begins by making two hypotheses.
14 Pages(3500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Research Paper on topic Expected US GDP Growth Rate Going Forward for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us