Preview

National Economy

Satisfactory Essays
Open Document
Open Document
267 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
National Economy
Forecast
National Economy
The main factors that determine the development or instability of an economy are showing that the United States’ economy is improving, but at a slow pace. According to CNN reporter Chris Isidore, there have been increases in home prices, sale of houses and construction. These movements indicate growth in the economy as the housing market is picking up its regular business pace. Coupled with the increases in construction and home prices and buying there has been a decrease in the foreclosure rates. In addition, the employment rate for the month of September was 7.8%, which means that people are obtaining jobs, so now more consumers will be spending money in the economy. For this reason, the economy should be improving in the upcoming months. However, the results of the current election could affect the future of the United States’ economy in an uncertain manner. Most analysts, nevertheless, believe that the economy will continue its current slow growth.

Local Economy
In Rhode Island, the unemployment rate has been decreasing constantly the past couple of months. According to the Bureau of Labor Statistics, the unemployment rate decreased from 11.2% in April 2012 to 10.5% in September 2012. As more jobs are created in the state, people will feel more confident about the economy and they will most likely start spending more. This could mean consumers borrowing more, which becomes more asset accounts for Blue State Bank. Providence, I addition, is a city commonly known for its many small businesses and colleges. This means that as the national economy grows, the small business in the area will most likely grow as well.

You May Also Find These Documents Helpful

  • Good Essays

    Maintaining a stable economy is no small challenge for any nation however possessing the ability to change and invent new and created ways of maintaining makes for a thriving economy. This newsletter will summarize the different economic factors that affect aggregate demand and supply such as unemployment, expectations, consumer income, and interest rates within the United States. Additionally, what fiscal policies are recommended by the United States government and whether or not these policies are effective and getting them back on track are discussed.…

    • 1418 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    What do you think we can say about our national economic recovery based on this information?…

    • 484 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    As economic advisors to the U.S. President, we have evaluated the current state of the U.S. economy. There are recommendations we have provided to improve the economy. Our recommendations include the evaluation and analyzing of four economic factors; unemployment, expectations, consumer income, and interest rates and how each affect aggregate supply and demand.…

    • 1078 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Eco 372 Week 1 Dq1

    • 1399 Words
    • 6 Pages

    I believe that the economy should only get stronger should these factors play a role. Lowering interest rates, more confident consumers and asset pricing, will only allow for more money to be brought back into the economy, thus changing/helping it's current state. In the state of Arizona, even if it has been slight, there has been a rise in the housing market. A slight increase in price but there is actual spending happening. This is what our state needs as well as most states across the US.…

    • 1399 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    ECO 372 Expectations

    • 429 Words
    • 2 Pages

    The last three quarters of the economy have been very strong and the fourth quarter week (Payne, 2014). While the fourth quarter’s poor performance is disappointing from an economic stand it is normal for there to be a weak fourth quarter after three strong quarters (Payne, 2014). All signs show that 2015 should be a year of growth for the US economy. Unemployment is expected to decline while GDP, Business spending and home sales are all expected to increase steadily by the end of 2015 (Payne, 2014). Inflation is expected to increase slightly by .3%, but with the expected growth in consumer spending due to record level job openings there should not be a slowdown of GDP.…

    • 429 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The state of the economy as presented by Alan Greenspan before the committee on the Budget, U.S. House of Representatives on September 8, 2004 is moving as previously predicted http://www.federalreserve.gov/boarddocs/testimony/2004/200409082/htm. Although the economic started to slip in mid-year from the healthy growth of late 2003 and early 2004, it didn 't stray too for from the forecast. The primary reason for this was due largely to the huge increase in energy prices. Despite the increase in fuel, inflation expectations have dissipated somewhat in recent months. In the labor area, he reported that unit labor cost rose in the second quarter as productivity growth slowed, however compensation per hour continued on an upward trend. According the Mr. Greenspan, manufacturing has continued to move up even though part of that rise is likely reflected an increase in inventory investment. Consumer spending and housing starts has improved over the figures posted in June 2004, but early reading in retail sales in August are mixed. Business investment continued an upward trend; therefore as a whole, the expansion has regained some traction over previous 2004 reports.…

    • 711 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Weekly Summary

    • 673 Words
    • 2 Pages

    * There are differing views as to where the economy’s current stage in the business cycle is and as is common in politics, the speeches are always suited to the audience as and when required. However, the best way to judge the current stage is to take a specific trend that is always impacted during a peak or a recession. For the purposes of this example, we are taking the foreclosures in Tucson as an indicator of economic health for the common man.…

    • 673 Words
    • 2 Pages
    Good Essays
  • Good Essays

    ECONOMIC

    • 584 Words
    • 3 Pages

    Show the effect on the U.S. new construction residential housing market in the event of a severe economic recession such as the country recently experienced.…

    • 584 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Monetary Policy Paper

    • 469 Words
    • 2 Pages

    The Federal Reserve has determined that growth in the economic arena has paused in the recent months. This was largely based on weather related incidents and other various transitory factors. Employment is growing at a decent pace reported by the Federal Reserve. While there is still room for vast improvement it appears that the economy may be starting to grow.…

    • 469 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    This article by Julia Limitone describes the state of our current economy and what some economic advisors are expecting for the future. While a few have a negative outlook, some believe the United States economy is doing incredibly well under the circumstances.…

    • 369 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Dinner Party Economics

    • 919 Words
    • 4 Pages

    In the novel Dinner Party Economics written by Evie Adomait and Richard Maranta, the complex topics of macroeconomic policy and its relation to current world economic debates are explored. This paper will discuss my opinion of unemployment, oil prices and international trade opportunities as well as the current conditions of the Canadian economy. In December 2016, Canada added more than 50,000 jobs, making 2016 the best year for job creation since 20121.…

    • 919 Words
    • 4 Pages
    Good Essays
  • Good Essays

    A National Tradegy

    • 650 Words
    • 3 Pages

    In September 11th- A National Tragedy, James Peck writes about how the tragic event, September 11th has affected our world today. Peck states that tragedy is a word that has commonly been overused by Americans throughout news articles and magazines when a significant event happens. When referring to September 11th, the crashing of the twin towers, this is a tragic event.…

    • 650 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Economic

    • 1732 Words
    • 7 Pages

    Write a 4-6 page paper based on your answers to the following questions. Utilize the Showalter textbook and at least two (2) other resources to support your answers. Identify and explain the four elements of proof necessary for a plaintiff to prove a negligence case.…

    • 1732 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    The current economy in the United States is expanding slowly. Although the economy has grown it is not growing fast enough to sustain the unemployment rate in America. In the United States you are considered unemployed if you do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work. Persons who were not working and were waiting to be recalled to a job from which they had been temporarily laid off are also included as unemployed. According to the Bureau of labor statistics the current unemployment rate in America is 7.9%. Economic growth slowed down in the middle of the year, and job growth seems to have stabilized at roughly 150,000 jobs a month — just enough to keep the unemployment rate from rising. Current rates on credit cards can range anywhere from 10 % -25 %. For a person like me who has never had a credit card that seems high. The Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The inflation rate has had an average of 3.36% dating back to 1914 according to Bureau of Labor Statistics. The most recognized measures of Inflation are the Consumer Price Index or CPI which measures consumer prices, and The Gross Domestic Product. The GDP is defined as the market value of all final goods and services produced domestically in a single year and is the single most important measure of economic performance. Presently, the inflation rate in the United States was recorded at 2.00 percent in September of 2012.…

    • 359 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    United States Economy

    • 373 Words
    • 2 Pages

    Here in the United States, the government makes decisions to try and help our country so that we can obtain stable advancements. Our nation's economy is determined by the four basic economic questions. These four questions are able to answer what, how, for whom, and who are controlled by the government. The government can answer these questions because we are a mixed economy. Our economy is combined with both socialism and capitalism, meaning our government helps out but is not the leading influence. If you look at page 16 in the textbook, figure 1-5 shows when the government taxes people it will allow for more government spending, which leads to product and resource markets. Although no one really like to have to pay for taxes this will provide…

    • 373 Words
    • 2 Pages
    Good Essays