Task 1
Print
Economic Data Collection and
Analysis
GDP, inflation, and unemployment rates can be used to measure
the health of an economy and its possible growth. Let’s look at
some current data.
Part A
Click you
...
Task 1
Print
Economic Data Collection and
Analysis
GDP, inflation, and unemployment rates can be used to measure
the health of an economy and its possible growth. Let’s look at
some current data.
Part A
Click your state on the map to find employment data for your
state. Type the relevant employment data in the chart below.
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Criteria Data One to two sentences that explain
this data
State you chose Indian
a
It's the state I live in
Unemployment rate for the last reported
month 3.6 March This is the rate of unemployment in
Unemployment rate for the month before
the most recent month 3.5 February This is the rate of unemployment in
Change in the unemployment rate from
one month to the next 0.1 to March went up 0.1 The unemployment rate from February
Number employed in the most recent
month
3,291
.1 The employment of March
Number employed in the month before
the most recent month
3,286
.9 The employment of February
Number of jobs gained or lost between
these two months 4.2 February and March There were 4.2 jobs gained between
Part B
Economists frequently use the Consumer Price
Index (CPI) to measure inflation, the general
increase in prices. The CPI measures the monthly
change in the prices of what typical Americans buy.
If the CPI is positive, it means that prices are going
up. If it is negative, it means that prices are going
down. Now, review this US economic data, and
type the relevant information in the chart.
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