Conduct research on the economic performance of United State of America over the last ten years from 2004 to 2013, applying the macroeconomic indicators of real GDP, real GDP growth rate, real GDP per capita, unemployment rate and inflation rate to argue whether you think the performance to be strong or weak.
Discuss the performance of the economy over those ten years and provide evidence and explanations for the economic performance such as a high unemployment rate, high inflation rate and/or steady, long-term economic growth. Where appropriate, you should also explain how the policies of the government aim to achieve full employment, stable price and/or economic growth.More marks will be awarded for reports which provide more detailed discussion and indepth analysis. The essay shall be about 1,200 words (+/-10%).
The essay should be presented in the following format:Introduction- Provide an overview of the USA economy
Production output performance analysis- GDP, GDP growth rate, GDP per capita analysis- Describe and explain performance trends- Government's measures to achieve the economic performance
Labour market analysis- Describe unemployment trends- Types of unemployment- Government measures to achieve full employment
Price level analysis- Describe the inflation trend- Causes of inflation- Government measures to achieve stable price
Conclusion- Summary of key highlights of discussion
All sources referred to in the essay, including diagrams, must be referenced to intext and be included in a full reference list at the end of this assignment, according to the APA system of referencing.