Here is the synopsis of our sample research paper on CURRENT STATE OF THE U.S. ECONOMY. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5-page paper presents the current state of the U.S. economy as it pertains to the financial crisis. Discussions included the GDP, Fed interest rate, and what put the economy in the position it's in. Bibliography lists 2 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTuseconmy.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
that the current economic situation were in is the worst since the Great Depression of the 1930s. But how do we know that the economy is in bad shape?
To determine whether an economy is booming or not, economists and others turn to various figures to note how well the economy is moving.
This economic data includes the Federal Reserve Interest rate (the amount of money the Fed charges its member banks to lend money). There is also the Gross Domestic Product, or
GDP, which measures production output. If the GDP is down, or in negative territory, then the economy is definitely in contraction mode. A sinking GDP means fewer goods are being
produced. Fewer goods are being produced because the demand for them just isnt there. And the GDP is definitely in contraction mode.
In 2008, the GDP was at 1.1%, which was not great, but at least it showed some upward movement (Economic Data - United States, 2009). Economists, however, are predicting a
contraction of GDP in 2009 of -3.1%, which means a negative amount of goods is being produced (Economic Data - United States, 2009). This means the economists believe (and probably
for good reason) that no one is going to be out in the marketplace, buying a refrigerator or car or any other large product.
The problem with this is that when products arent produced, factories shut down. This means jobs are lost - and it explains why the unemployment rate keeps on
going upward. Its a vicious cycle - the higher the unemployment rate, the more people are out of jobs and not include to spend money. This means a further contraction
...