Answer to Question #102739 in Macroeconomics for Sina

Question

Providing relevant data, describe the trends in inflation, the current account as a percentage of GDP, the unemployment rate, and the GDP growth rate in the USA during the period 2009-2018.

Answer 1

inflation

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 19.78% higher than average prices since 2009. The U.S. dollar experienced an average inflation rate of 1.65% per year during this period, meaning the real value of a dollar decreased.

Current accounts as a percentage of GDP

The United States recorded a Current Account deficit of 3.20 percent in 2008 and 2.40 percent of the country's Gross Domestic Product in 2018.

Unemployment rate

The unemployment rate decreased from 9.9% in 2008 to 3.7% in 2018.

GDP growth rate

The average GPD growth rate in the United States from 2009 to 2018 has been recorded as 5.6% by the US Bureau of Labor and Statistics.