Gather NATIONAL ANNUAL data Spanning 1990-2014 This is a two (2) part assignment. Part 1: Compile Data Following Variables 1. Nominal GDP 2. Real GDP 3. CPI 4. Inflation Rate 5. Unemployment Rate 6. Labor Participation Rate Document Format: Excel File Wh

Gather NATIONAL ANNUAL data Spanning 1990-2014

This is a two (2) part assignment.

Part 1: Compile Data

Following Variables

1. Nominal GDP
2. Real GDP
3. CPI
4. Inflation Rate
5. Unemployment Rate
6. Labor Participation Rate

Document Format: Excel File

What to include/display:

Rows = Years

• example: Row 1 = 1990
• example: Row 2 = 1990

Columns = Variables

• example: Column 1 = Nominal GDP

Possible Sources for the Data

• Economic Report of the President - Statistical Tables
• Bureau of Labor Statistics
• Department of Commerce - Bureau of Economics Analysis
• F.R.E.D
• Any other source, you must state the source of the data and reason for selecting that alternate source.

Part 2: Data Analysis and Explanation

Document Format: MS Word File

In your document you should list and answer these questions:

1. What is the percentage increase in real GDP (economic growth) between years 1990 and 2000, 2000-2008, 2008-2014
2. Calculate the inflation rate (percentage change in the CPI) between years 1990 and 2000, 2000-2008, 2008-2014
3. Comment on the relationship (and direction of change between economic grown, unemployment rate, inflation rate over the 1990 and 2000, 2000-2008, 2008-2014
4. Has real GDP been higher or lower than Nominal GDP over the years 1990 and 2000, 2000-2008, 2008-2014?  EXPLAIN?
5. Given the trend inflation rate, do you think the FED should increase the interest rates?  HINT: The real interest rate = Interest rate on a loan (Nominal interest rate) - inflation rate