principles of macroeconomics homework

dataset-1.docx

THE REAL ECONOMY: BEFORE, DURING, AND AFTER THE CRISIS (Data Set #1)

Date Nominal GDP Real GDP Real Inflation

(chained 2005) Growth Rate

2005 12,623.0 12,623.0 3.1% (from 2004 to 2005)

2006 13,377.2 12,958.5 _______ _______

Sept 07 14,126.2 13,269.8 3.6% 0.26%

Dec 07 14,253.2 13,326.0 2.1% -0.067%

Mar 08 14,273.9 13,266.8 -0.07% 0.867%

Jun 08 14,415.5 13,310.5 1.5% 1.008%

Sept 08 14,395.1 13,186.9 -2.7% -0.138%

Dec 08 14,081.7 12,883.5 -5.4% -1.034%

Mar 09 13,893.7 12,663.2 -6.4% -0.40%

Jun 09 13,854.1 12,641.3 -0.7% -1.14%

Sept 09 13,920.51 12,694.5 2.2% -1.30%

Dec 09 14,087.4 12,813.5

2009 13,939.0 12,703.1 0.4% (from 2008 to 2009)

2010 14,526.5 13,088.0

Source: National Bureau of Economic Research Archives, 2012

Date Unemployment Civilian Labor Force Labor Force

Rates Growth Rate Participation Rate

2006 4.61% 1.4% 66.4%

Sept 07 4.7% 0.2% 66.0%

Dec 07 5.0% 0.3% 66.0%

Mar 08 5.1% 0.0% 66.1%

June 08 5.6% 0.3% 66.1%

Sept 08 6.1% 0.2% 65.9%

Dec 08 7.3% 0.0% 65.8%

Mar 09 8.7% -0.3% 65.6%

June 09 9.5% 0.4% 65.7%

Sept 09 9.8% -0.6% 65.1%

Dec 09 10.0% -0.5% 64.6%

2010 9.62% -0.2% 64.7%

2011 8.95% -0.2% 64.1%

Jan 12 8.3%

Source: Bureau of Labor Statistics, US Department of Labor, 2012