This milestone will focus on the course outcome: describe, locate, and calculate key macroeconomic performance measures.
The news is full of headlines such as “Federal reserve raises interest rates” or “Unemployment down to 5.1%”, but where do these numbers come from? People are quick to use news reports of this kind of data, but frequently have little idea of where this data comes from and how it is calculated. There are three economic indicators that we will be looking at Gross Domestic Product (GDP), Consumer Price Index (CPI), and Unemployment. Here is a list of key terms to use for reference, com/economics-a-to-z/a”>https://www.economist.com/economics-a-to-z/a. In order to find the data for each economic indicator, you will need to utilize the spreadsheets shared under Project Engagement.
After you’ve completed the tables, you will write a brief summary (one page, double spaced) analyzing the current state of GDP, CPI, and Unemployment and describing what that means for the economy. Make sure to support your analysis using the data that you’ve found. Further details regarding the brief summary can be found after the table below.
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