Verified Document

Understanding The Performance Of The US Economy Essay

¶ … Macroeconomic Situation in the U.S. Various macroeconomic components can be used in evaluating the performance and health of an economy. Some of the essential parameters include the GDP, the rate of inflation, the unemployment rate, the money policies/tools adopted by the government, and the interest rate among others. The following study focuses on the performance and state of U.S. economy in 2015.

GDP

economy is now on the rise and in good shape after going through the global recession of 2008/9. Some of the major indicators of growth are on the GDP value and the impact on industrial development. The current value of 17419 (in USD Billion) is the highest in American history with an annual growth rate of two percent. A growing economy is normally associated with rising level of inflation. However, this has a negative influence on the welfare of the people and thus the need to have corrective measures in place. The high GDP has also contributed a lot to high levels of per capita and income levels (Chafuen, 2015).

Unemployment Rate

The unemployment level in the country has been increasing since the Obama administration took office. After the recession in 2008, the government has been releasing good statistics showing...

The trend has been the same since the 1970s. The country's labor laws have had to be relaxed to attract foreign workers to come to the country. The challenges of unemployment are related to people's choices and less on economic performance. As a result, some qualified and eligible employees are under the unemployment benefits program (BEA, n.d.).
Inflation

The inflation rate has been increasing in the recent past. Ideally, the improvement in the economy has expanded other variables of growth. The average rate of inflation in the country is read at 5.5% currently. The consequences of this are that the investors are likely to lose the value of their investments. Besides, people are likely to experience a costly life because the prices of goods are going to rise higher than when the inflation was lower. The future of the country lies in the ability of its leadership to put measures in place that will stop inflation (BEA, n.d.).

Expansionary Fiscal Policy Tools

The U.S. government has been undertaking expansionary fiscal policy tools to boost its economic growth. This involves the utilization of all possible avenues of growth so that the economy can grow to such levels…

Sources used in this document:
References

BEA. (n.d.). U.S. Economy at a Glance: Perspective from the BEA Accounts. http://www.bea.gov/newsreleases/glance.htm

Chafuen A. (2015). The U.S. Economy in 2015: Challenges and Opportunities. Forbes. Retrieved from http://www.forbes.com/sites/alejandrochafuen/2015/01/01/the-u-s-economy-in-2015-challenges-and-opportunities/

Congressional Budget Office, (2015). The Budget and Economic Outlook: 2015 to 2025. Retrieved from https://www.cbo.gov/publication/49892
Cite this Document:
Copy Bibliography Citation

Related Documents

Performance Management System Executive Report on Return
Words: 1349 Length: 4 Document Type: Essay

Performance Management System Executive Report on Return on Investment Return on Investment (ROI) is among the outstanding accepted performance measurement as well as evaluation metrics employed in business analysis. When undertaken rightfully, ROI analysis has proved to be the most influential instrument for evaluating on hand information systems as well as coming up with well-versed pronouncements on software acquisitions as well as supplementary projects. A number of years ago, Return on Investment

Economy of the BRIC Countries
Words: 2753 Length: 10 Document Type: Case Study

Banks in India are required to provide 40% of their net credit to other sectors like agriculture, retail trade, small scale industries and business.Net assets of the banking sector are held by private banks which holds 18.2%, 75% by public sector banks while the 6.5% are held by foreign banks. China China is the largest economic powerhouse of the BRIC countries by both population wise and GDP. It had an estimated

Performance of the Middle East
Words: 8783 Length: 30 Document Type: Data Analysis Chapter

(Jabal Omar Development Corporation 2010) Kuwait Since 2008, the real estate market in Kuwait has been continually declining. The reason why is because the economy was largely depending upon oil revenues. However, in 2010 the sector began witnessing an increase in prices. This is because of the Kuwaiti government was aggressively promoting the tourism industry. As developers are expecting a strong increase in foreign direct investment, due to the governments push

Performance of Stated Owned Enterprise in Nigeria
Words: 2719 Length: 8 Document Type: Literature Review Chapter

Performance of Stated Owned Enterprise in Nigeria A State-Owned enterprise is certainly one where government carries a share with controlling equity, as well as, has a great deal of influence in the day-to-day affairs of the enterprise. Numerous elements made up higher government involvement within the institution of businesses in Nigeria. During independence and also thereafter, the non-public sector had been extremely fragile to muster sufficient investment resources required for industrialization

Performance Appraisal
Words: 9200 Length: 30 Document Type: Term Paper

Performance Appraisal Causes of Performance Appraisal Steps Leading to Performance Appraisal Performance Appraisal Data Analysis and Interpretation This research paper aims to conduct a study regarding the effectiveness of performance appraisals and the issues accompanying performance appraisals. PERFORMANCE APPRAISAL Performance appraisal" is a term used for evaluating performance of employees in an organization. The purpose behind performance appraisal is firstly, to rate an employee's performance on the job. Secondly, these appraisals are conducted to determine whether employees

Performance Appraisal National Vocational & Education System
Words: 2459 Length: 8 Document Type: Essay

Performance Appraisal NATIONAL VOCATIONAL & EDUCATION SYSTEM PERFORMANCE APPRAISAL When & How 360-Degree Method Favorable for Employees and Managers This paper discusses the theory of performance appraisal. The uses and objectives of the performance appraisal method are also discussed. It also highlights the most common method of performance evaluation; 360-Degree. The main objective of this paper is to find out if the performance appraisal method is for encouragement of employees only or it can reduce

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now