Economic Homework

1 . a . According to 2005 estimates The Inflation come in (consumer prices of join States is 3 .2 and the unemployment wander is 5 .1b . According to same estimates , the ostentation target for the African country Egypt is 4 .9 and its unemployment rate is 9 .5 . Inflation rate for South American country genus genus Argentina is 9 .6 and the unemployment rate is 11 .6The pretension rate of Argentina is almost twice the ostentation rate of Egypt while its unemployment rate is two percentage points higher . The br puffiness rate of US is 1 .7 percentage point lower than Egypt s and 8 .4 points than Argentina . The unemployment rate of US approximately half of both(prenominal) Argentina and Egyptc ) From the comparison of these figures a relationship emerges that higher pretentiousness rate leads to higher unemployment rates2 . According to latest figures for the year 2006 , The U .S . unemployment rate have come down to 4 .7 in August from 4 .8 in July . The following figure interpreted from Internet gives a graphical presentation of salmagundi in unemployment over past 1 year Source : HYPERLINK hypertext transfer protocol /www .careerjournal .com http /www .careerjournal .com3 . a ) The annual inflation rate from Dec . 1916 to Dec . 1917 is 18 .1 The annual inflation rate from Dec . 1929 to Dec . 1930 is - 6 .4 . For 1974 it is 12 .3 and for 1980 it is 12 .5Between 1920 and 1940 the change in price is 1 .9 points . Between 1990 and 1998 the change in price is 4 .5 pointsb ) Inflation has not unceasingly been present in US . As clear from the figures , during thirties was a marked consequence when inflation went negative It stayed genuinely low for few years before climbing mainstay againc ) High inflation rate was a definite hassle for US miserliness in the period of 1970s when it caused real economic problems and lower productivity .

Although there is a common agreement that high inflation damages parsimoniousness , it is voiceless to point out a ceiling on the inflation rate because it is a relative factor in globa sack of economic and financial conditionsd ) 1990s have been a period of relatively low inflation and during this period the US economy grew and took a robust form4 . The state of economy is an important determinant of voting behavior of people . Higher economic fruit , low levels of inflation and larger incomes prompts people to voter turnout in favor of incumbent government . On the contrary if the economy is in disarray , prices are rising and income shrinks , it influences people to vote against the present government5 . a ) The day latest release is 9 /28 /06b ) According to final estimates of Bureau of Economic summary , the real GDP has increased at an annual rate of 2 .6 in the second quarter of 2006 (BEA newsc ) The major contributors in the growth of GDP during this period are positive contributions from in-person consumption expenditures for services , exports...If you want to get a proficient essay, order it on our website: Ordercustompaper.com

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