Economics efine Current GDP

1.    Define Current GDP.  What is the current GDP in dollars?
2.    In order to determine whether our GDP is progressing well, you should compare that GDP to plan and also look at the GDP trend
a.    What has been the trend of the GDP?
b.    Are we growing according to plan?
c.    Is it enough to change the unemployment rate?
3.    Define real GDP, what is the $ real GDP and how do we use this figure?
4.    There are four components to the GDP (consumer, government, investment, and net export/import.)  Research and discuss each component’s  current dollar or percent rise or fall and why Use BEA  –
a.  Choose three of the above  major rises and or falls and research why they happened.  Do you feel that they represent a trend, and we should be alarmed – why or why not
5.  How does our GDP rank when compared to other countries?  Research
6.   What are the United States competitive advantages?  Research and discus how you feel we will achieve growth as a country?
7.  Research and discuss whether real disposable income has increased or decreased and why
8.  What is the current percentage rise or fall in the consumer confidence index – what are the ramification of this statistic?
9.  Name two other indexes other than employment that you would you look at to determine whether we are recovering from the recession.  Explain each index and research what is happening
10.  What is the current unemployment rate and what is the trend.  Discuss and support with statistics why you feel the unemployment rate is acceptable.  Particularly address:
Who is impacted? – See Bureau of Labor Statistics  and links given – give statistics and your reasoning why this is good or not good
•    Occupations/industries  –  which occupations/industries were  impacted – doing well, not doing well
•    The number of long-term unemployed (those jobless for 27 weeks or more).  What is the trend
•    Discouraged workers people who can work but are not actively seeking employment.  This is usually because an individual has given up looking for a job..
•    Are companies adding jobs?  What is the trend
•    Hours work/part-time employment – has it increased
•    Employment participation rate -. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate
•    Wage growth

11.   What is the Current Price Index – is it rising or falling and what does this mean in terms of our inflation rate?  Is there a risk of out of control inflation – why or why not?
12.  GDP per capita alone cannot explain the broader concept of quality of life in a country.  There are numerous indices of social wellbeing.  Our recent hot topics discussed some very important issues.  Please discuss –provide statistics and discuss the ramifications of the following – You can use the information provided by the various groups or do your own research BUT you must support your statements with statistics.  Two different facts in each category is sufficient
a.    Discuss the health of the United States
b.    Discuss income inequality and its ramifications
c.    Discuss poverty and its ramifications
13.    When you are researching your international country you will be researching the following information.  Please research and comment on how the United States stands in the following areas
a.  Necessity and ability to get capital – where does it come from – what do investors look for?
b.   Does the US look financially secure?  What is the current deficit and  debt/GDP ratio?  What has been the trend of each?
c.   Discuss how investors view our stability of the government/politicians.  Has it impacted our ability to borrow?
d.      As we have discussed, education is important in growing an economy.  How do we rank against other countries in terms of education – explain

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