Presentation: US Economic History (2007-2017) Analysis

Verified

Added on  2022/08/20

|7
|688
|17
Presentation
AI Summary
This presentation provides an overview of the US economic history from 2007 to 2017, examining key economic indicators and events. It analyzes trends in GDP growth, highlighting periods of recession and expansion, and presents data on unemployment, inflation, and interest rates during this period. The analysis includes graphical representations of these trends, allowing for a clear understanding of the economic landscape. Additionally, the presentation identifies significant events that impacted the US economy during this decade, applying economic models to demonstrate their influence on national output. The references include academic sources that support the analysis of the economic data. The presentation is designed to offer a concise yet comprehensive understanding of the US economic performance during the specified timeframe.
Document Page
Ten-Year Period of U.S. Economic History Overview
The paper presents a ten year data of US from 2007 till 2017 to
understand its economic history. US is a highly developed economy and
is renowned as the biggest economy in terms of nominal GDP. Although,
US is recognized a the leading economy with highest GDP value, the
absolute value dropped by significant proportion in 2007. This lowered
the economic growth of US. The markets started performing effectively
from 2010 after the end of US recession. The growth rate was positive
from 2010 till 2017 which shows the effective performance of US
economy.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Trend in GDP growth rate
Figure 1, shows the percentage change in
the value of GDP in US from 2007 till
2017. The rate of growth was positive in
2007 which reached to negative amounts
in 2008. It further fell in 2009 making it
the biggest fall within a year. The rate
effectively increased more than 5% in
2010 which again fell in 2011 due to rise
in deficit.
Figure:1
Document Page
Trend in GDP growth rate
The rate of change in real GDP again rose in 2012 and fell in the next year.
Consecutive growth was seen in 2014 and 2015 due to rise in market activities
which again deduced in 2016. The rate significantly improved in 2017.
Document Page
Trend in unemployment rate
The trend in the value of
unemployment rate is
represented in Figure2.
The unemployment rate
rose on a continuous basis
from 2007 till the middle
of 2010 due to the Great
Recessions. The rates
started falling from 2010
till the rest.
Figure:2
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Trend in rate of inflation in US
The change in the rate of inflation as
per consumer price index is showed in
Figure 3. From 2007 till 2008, the
inflation rate increased more than a
percent, which decreased more than
percent in 2009. The rate rose by 5
and 2 percent in 2010 and 2011
respectively. The rate then fluctuated
around a percentage from 2011,
although the rates were comparatively
higher. Figure:3
Document Page
Trend in interest rate of United States
The change in the value of
interest rate is represented in
Figure: 4. The interest rate
dropped on a continuous rate
from 2007 till 2010 due the
recession. The rate still remained
low in 2011 and started
improving after that till 2017.
Figure:4
Document Page
Reference List
Bricker, J., Dettling, L. J., Henriques, A., Hsu, J. W., Moore, K. B., Sabelhaus, J., ... & Windle, R. A.
(2014). Changes in US family finances from 2010 to 2013: Evidence from the Survey of Consumer
Finances. Federal Reserve Bulletin, 100(4), 1-41.
Holston, K., Laubach, T., & Williams, J. C. (2017). Measuring the natural rate of interest: International
trends and determinants. Journal of International Economics, 108, S59-S75.
Levy, B., Paulozzi, L., Mack, K. A., & Jones, C. M. (2015). Trends in opioid analgesic–prescribing
rates by specialty, US, 2007–2012. American journal of preventive medicine, 49(3), 409-413.
Mertens, E. (2016). Measuring the level and uncertainty of trend inflation. Review of Economics and
Statistics, 98(5), 950-967.
Romero, L., Pazol, K., Warner, L., Cox, S., Kroelinger, C., Besera, G., ... & Barfield, W. (2016).
Reduced disparities in birth rates among teens aged 15–19 years—United States, 2006–2007 and 2013–
2014. Morbidity and Mortality Weekly Report, 65(16), 409-414.
Yagan, D. (2019). Employment hysteresis from the great recession. Journal of Political
Economy, 127(5), 2505-2558.
chevron_up_icon
1 out of 7
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]