Jul 24, 2017

# Do you think we in the Kansas City District are worse off or better off than people in the other region you chose? Why?

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# Current Macro

INSTRUCTIONS:

Week 3 Assignment:

SITE ADDRESS, INSTRUCTIONS AND ASSIGNMENT: ·

• Go to www.bea.gov.  Under “National” click on “Gross Domestic Product.”  Look at two tables that will appear in excel : Current dollar and real GDP, and Percent change from preceding period.  In each file, there are segments, each with two columns.  You will want the Annual Data (first segment) and the “GDP percent change based on chained 2009 dollars” column.  You might want to save the tables for making your own table and for future reference.

Week 4 Assignment:

SITE AND PURPOSE: The Bureau of Labor Statistics site contains much data and educational information on inflation, and the characteristics of its chief measure, the consumer price index.  The purpose will be to have some personal connection to the level of inflation, and to understand the CPI in ways the textbook cannot provide. SITE ADDRESS, INSTRUCTIONS AND ASSIGNMENT:

• Go to http://www.bls.gov/cpi,  scroll down to “Get Detailed Statistics” and click on “Inflation Calculator.” Pick a year in the past and find out how much prices have risen since then.  You might want to pick the year you got your first job, or made a major purchase such as a car, home, etc.  The calculator will show you what you will need now to have the same spending power as \$100 then. You can enter any amount up to \$10,000.  Record your figures.

Week 5 Assignment:

SUBJECT:  Unemployment  – Relation to the Business Cycle SITE AND PURPOSE: The Bureau of Labor Statistics site is the source of current an historical data on the unemployment rate.  Information about unemployment is presented both for the national economy and for regions and states.  The purpose will be to see what the current unemployment rate is, how it is different in different parts of the country, and how it compares to past time periods. SITE ADDRESS, INSTRUCTIONS AND ASSIGNMENT:

• Go http://www.bls.gov. On the left side, select “unemployment” from the subject area list, then “National Unemployment Rate.” Find the latest unemployment rate and past annual rates.  For the annual rates, scroll down to find “Annual Averages” and find the green picture of a dinosaur under the heading “unemployment rate.”  Click on the picture of the dinosaur. It will show you a table of unemployment since 1948 if you specify in the drop down box.  Capture the unemployment data for each year beginning in 1990.
CONTENT:
Current MacroName:Institution:Date:The National Summary is a document prepared at the Federal Reserve Bank in Atlanta and it is a summary of commentary information that is collected from businesses and information form extraneous sources and contacts that are outside the Federal Reserve (Board of Governors of the Federal Reserve System, 2014). It provides an overview of the economic activities of twelve districts in the United States with the current summary utilizing information collected before 24 February, 2014. The districts include; Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas, Dallas, and San Francisco. Note that this summary is not a commentary (Board of Governors of the Federal Reserve System, 2014).The winter conditions were severe, and this caused business activity to decline all sectors were impacted by the poor weather conditions with only few sectors expected to experience losses. Retail sales went down during the period, but realized their losses by discounting their winter inventory while the motor vehicle dealers intend to cover the increased demand on spring (Board of Governors of the Federal Reserve System, 2014). The general services sector maintained growth even if it is minimal. Construction in residential real estate and the retail sales are experiencing a moderate rate of decline while auto sales, home sales, and construction in the commercial real estate experiencing a modest decline. In addition, commercial leasing, manufacturing, and tourism are declining, but slightly (Board of Governors of the Federal Reserve System, 2014). Lending remained constant with the quality of credit increasing. Wages, home prices, and price levels. Firma expanded hiring and capital expenditure plans. The contacts in Boston, however, were optimistic of future growth in the areas where there was decline (Board of Governors of the Federal Reserve System, 2014).From the summary Kansas City is in a better position compared to Philadelphia. This is because while Philadelphia experienced a decline in economic activity, Philadelphia`s economy remained stable. Most of the important economic drivers in Boston experienced decline either in a moderate, slight, and modest manner...

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