Nobody downloaded yet

Assessing the Performance of the U.S. Economy - Essay Example

Comments (0) Cite this document
Summary
A number of different economic metrics like Gross Domestic Product (GDP), Gross National Product (GNP), Recession, Unemployment and…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
Assessing the Performance of the U.S. Economy
Read TextPreview

Extract of sample "Assessing the Performance of the U.S. Economy"

Download file to see previous pages The report is started with the overview of the current state of the economy of the United States of America. This is followed by an identification of the most relevant economic theories and principles that can be applied to evaluate the performances of the US economy over a specific time period. The report is suitably concluded by highlighting the findings from the analysis and prescribing the macroeconomic policies that should be formulated for analyzing the economic performance of the nation.
The macro economic performance of any economy can be estimated through the use of different economic metrics that represent and mirror the economic performance of a nation as estimated from different dimensions and perspectives. For this purpose, multiple theories and principles of economics are implemented in the analysis. The six main economic metrics that are used for the analysis with their application in the US economic scenarios are given as follows and heir correlations are given in Appendix 1.
The gross domestic product is an important economic metric which is an aggregate measure of the monetary value of all finished goods and services that are produced by all residents and institutional units within the national border of a country (Mankiw, 2007). The Gross Domestic Product can be used as a key economic indicator for gauging the health of the US economy. The GDP of US has contracted by 0.7% in the first quarter of 2015 as compared to the last quarter of 2014. The average GDP growth rate of US from 1970 to 2015 is 3.26% (Appendix 1). Since the US economy is one the most advanced and diverse economies of the world, therefore it has been able to manage its GDP fluctuations through the proportions of production from different sectors. However, the contraction noted in the first quarter of 2015 was a reflection of the higher accumulation of inventory and widening trade deficit in the economic constructs (Bade and Parkin, 2002).
The purchasing power parity is a ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Assessing the Performance of the U.S. Economy Essay”, n.d.)
Assessing the Performance of the U.S. Economy Essay. Retrieved from https://studentshare.org/macro-microeconomics/1698721-assessing-the-performance-of-the-us-economy
(Assessing the Performance of the U.S. Economy Essay)
Assessing the Performance of the U.S. Economy Essay. https://studentshare.org/macro-microeconomics/1698721-assessing-the-performance-of-the-us-economy.
“Assessing the Performance of the U.S. Economy Essay”, n.d. https://studentshare.org/macro-microeconomics/1698721-assessing-the-performance-of-the-us-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Assessing the Performance of the U.S. Economy

CLS v. Martinez, 561 U. S

...?A LEGAL BRIEF ON THE RECENT U.S. SUPREME COURT RULING IN CLS V. MARTINEZ, 561 U. S. On June 28, the United s Supreme Court gave a ruling on the CLS vs. Martinez, 561 US ___130 S.Ct. 2971, 177 L.Ed.2d 838 (2010). The case was filed by the Christian Legal Society (CLS) at the Hastings College of Law at University of California on the ground that official governing groups should accept all the students regardless of their beliefs and status to acquire recognition. The respondents were Leo Martinez, Acting Chancellor and Dean of Hastings College of Law, University of California; Jacqueline Ortega, Student Services Director; the Board of Directors of Hastings College of Law, University...
3 Pages(750 words)Coursework

The growth of the U. S. Military

...? The Growth of the U.S Military The Growth of the U.S Military The United s military has existed since 1775. During thefight for independence, the United States incepted the continental military in order to take responsibility of the revolutionary war of the time. In 1784, an official army came in to place to replace the continental army shortly after its disbandment. This gives the American army the longest existence in history. The first army won the war to independence although there was little professionalism. The American military has progressed from the unprofessional beginning to what it is today. In the 21st century, the American army has the largest defense budget in the world. The military makes use of advanced...
6 Pages(1500 words)Research Paper

Complexities of the U. s financial system

...? Complexities of the U. S financial system Complexities of the U. S financial system The US financial system is extremely complexand is affected by a number of environmental factors, which include the economy and federal regulations. The complexities inherent in the US financial system also impact different aspects of the economy, as well as the existence of businesses and individuals in the country (Pryor, 1996). This paper will examine the complexities of the US financial system, discussing different aspects of the system, for instance, financial markets and the Federal Reserve System. The US financial system consists of the financial...
3 Pages(750 words)Assignment

Inaugural addresses by U. S. Presidents

...Disarmament Disarmament is the process of laying down arms, specifically the reduction or abolition of a nation’s military forces or armaments. In his inaugural address, John F. Kennedy exhorted the adversary nations of America to turn to the ways of peace by focusing on disarmament. The president requests the adversaries “...that both sides begin anew the quest for peace, before the dark powers of destruction unleashed by science engulf all humanity in planned of self-destruction” (Kennedy, 1961). This is a motivational speech in which Kennedy reminds other nations the futility of hoarding modern destructive weapons. Kennedy was worried over the present status of affairs where nations are overburdened by the cost of modern... Disarmament is...
2 Pages(500 words)Essay

U,S Economy Change Before and After WWII Ended

...Running Head: US ECONOMY AND WWII The Second World War, together with the Great Depression forms the most essential of the 20th Century’s economic and poitical events. During the war most global nations experienced deeply felt impacts. Despite the fact that most economies were wrecked by this war, the US economy emerged stronger, and the federal government got out of this war a huge potential. The government of the day was able to make the economic activities more regulated, which led to the economy facing partial consumption and spending control. The WWII led to the reawakening of the American Industry, as well as having the greater part of the sectors in the US being...
1 Pages(250 words)Essay

Assessing Economic Performance

...Assessing economic performance Task: Introduction This write up seeks to make an in-depth comparison of two nations based oncertain parameters. The parameters include gross domestic product (GDP), level of technological advancements, economic growth and government system. These parameters will enable this write-up to reveal key disparities between the two countries. The above parameters are paramount in the evaluation of the success of any nation. As such, they will form the basis of comparison between the two nations. The two nations subject to this comparison are America and India. The first nation is the world superpower while the latter is a second world nation with enormous potential. This comparison...
2 Pages(500 words)Essay

U. S. Constitution

...US Constitution s right in American political system refers to the political rights reserved for the governments. Even though America asa whole has a federal government, each state in America has separate state governments. US constitution provides some specific rights to the state governments in law making even though all the state governments are operating under the federal government. The rights of the state government are protected by the tenth amendments (Part of bill of rights) in US constitution. According to The Tenth Amendment to the U.S. Constitution; “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States, respectively, or to the...
1 Pages(250 words)Essay

The U>S Legal System

... Legal Issue and a Strong and Substantiate Argument in Support of Your Opinion Task The case is centered on two counts: counts of murder and burglary. On the count of murder, the defendant is accused of the first degree murder. First-degree murder, in most states, is an illegal killing that is both premeditated and willful, meaning that it was committed after "lying in wait" or planning for the victim. In this case, the deceased had earlier wanted to dispose of some of her diamond rings, though not clear. The defendant may have been involved in the deal and latter planned to kill her for the rings. That again introduces another crime committed – burglary. Based on the evidence provided, the defendant broke into Stella Blauvelt’s... Legal...
1 Pages(250 words)Assignment

U. S. Education Today & Tomorrow

..., 2002). Moreover, school choice gives parents the freedom of deciding and controlling which schools their children attend. In addition, it dictates on the kind of education children obtain. Furthermore, programs of privatization are diverse and designed to achieve several objectives. To this end, private education may advance equity which most public funding does not. Thus, the school choice and privatization promote national social cohesion which is positive to the future of American education. References Beach, S. (2008, February 15). Tech Learning : No Limits. Classroom Technology News | Educational Apps | Blooms Taxonomy | techlearning.com. Retrieved November 14, 2012, from http... ...
3 Pages(750 words)Assignment

U S History

..."Crisis of Confidence" in the United s The United s was a dominant world power in the 1970’s even though the countries self-perception was mired in doubt and malaise. The stagflation of the country’s economy, the experience and results of the Vietnam war, the lack of confidence of the government by the people as it was no longer perceived as a champion of freedom, the Watergate imbroglio all contributed to the “crises of confidence” in the country. The debt on the dependency of US citizens and the government increased resulting to difficult times. Jimmy Carter came into power at the time after the country’s failure in the Vietnam and Watergate scandals. A leadership...
2 Pages(500 words)Admission/Application Essay
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 Essay on topic Assessing the Performance of the U.S. Economy for FREE!

Contact Us