¶ … 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...
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