By looking at the data above, 1. Describe and analyze the macroeconomic environm
ID: 1223501 • Letter: B
Question
By looking at the data above,
1. Describe and analyze the macroeconomic environment. Explaining the economic performance from the data.
2.Explaining what you see in your series. What is the economic growth during 2003-2013 ? What is the role of the series that you collected (in point 2 and 3)?
3. Is there any significant changes by looking at the data? and why? Compare values of these series across from 2003-2013.
4. Explain the elements of Macro environment and its impact.
FRED Gross Domestic Product Private Final Consumption Expenditure in United States© Personal Consumption Expenditures: Nondurable Goods 18,000 1 6,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 fred.stlouisfed.org myf.red/g/5f6JExplanation / Answer
1) Clearly by looking at the data we can conclude :-
GDP has gone up over the years i.e. the goods and services provided by the country like US has gone up .
The private final consumption has also gone up along with increase in saving due to high GDP
Personal consumption levels are also on rise.
2) Economic growth during 2003-2013 is (1700-1150)/1150 = 0.47 *100 = 47 percent.
In the series we see fall in GDP, private consumption and personal consumption during 2009 which is due to financial crisis.
3) Economics crisis can be seen clearly in the graph during 2009.
4) Macroenvironment ---- > gdp growth can be due to increase in exports, high investment , etc.
3)
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