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Essay / Research Paper Abstract
A 4 page paper. The writer responds to this question: Should a country's economic growth rate be higher than its inflation rate? The essay discusses ideal growth rates, reports growth rates and inflation rates in the U.S. for 2006 and 2007 and discusses the growth and inflation rates in Vietnam. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: MM12_PGgdpi9.rtf
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Unformatted sample text from the term paper:
to higher inflation rates. On the other hand, low inflation rates will generate higher economic growth. The ideal economic growth rage measured in gross domestic product (GDP)
must be within a certain range. If growth is too fast, it will cause higher inflation rates, if it is too slow, it will cause a recession (About.com, 2009). This
means the government must be alert for changes in growth and inflation rates and must take action to bring them into better balance. If they dont, the nation will experience
either high inflation or a recession will be the result. Economists typically say that the ideal growth rate is between 2 and 3 percent (About.com, 2009). It is not enough
to consider only the annual rates of growth and inflation, quarterly data reveal a great deal about what is really happening in the economy. For example, the annual growth rate
in the U.S. for 2006 was 2.8 percent, which is ideal (About.com, 2009). However, the quarterly rates tell a different story; from Q1 to Q4, the rates were respectively: 4.8
percent, 2.7 percent, 3.8 percent and 1.5 percent (About.com, 2009). Between Q1 and Q4, GDP declined by about 75 percent. The rates in 2007 were even worse, an annual rate
of 2.0 percent but quarterly rates of, respectively from Q1 to Q4: 1.1 percent 4.8 percent, 4.8 percent and -.02 percent (About.com, 2009). The economy began strong but plummeted. The
annual inflation rate for 2007 2.85 percent and for 2006, 3.24 percent (InflationData.com, 2009). However, by the month, inflation rates in 2007 ranged from a low of 1.97 percent in
August to a high of 4.3 percent in November (InflationData.com, 2009). The range in 2006 went from a low of 1.31 percent in October to a high of 4.3 in
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