Assignment: Economics Project about the State of New Jersey
The purpose of the Economic Project to enable students to collect economic data, graph, analyzes and explains data. This exercise is will develop the capacity to understand and analyze economic issues, and articulate their arguments clearly, in their own words. The evaluation and grading of the paper will depend both on the data collection and writing style to analyze the graph.
Economic Variables:
• Real Gross Domestic Product,
• The Unemployment Rate.
• Consumer Price Index (National)
• Per Capita Personal Income
• Home Ownership Rate
• State Budget Surplus or Deficit
Project Process;
• Collect annual or quarterly data from 1980 -2019 for your state
• Graph each variable in separate excel sheet
• Explain each graph regarding reasons for recession and prosperity.
• Run regression GDP as function of unemployment rate, per capita personal income and Homeownership rate.
• Explain your regression results.
• Conclusion
Format your assignment according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the assignment, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.