Project Report 3 Essay Example | Topics and Well Written Essays - 750 words

Project Report 3 - Essay ExampleIt began in December 2007 and lasted 18 months which was the longest ceding back since World War 2. By observing the U.S Gross Domestic Production (GDP) and the employment data, we mint conclude that the flow state of the U.S sparing is recovering from the recession. The GDP is an important variable because GDP represents the total dollar value of all goods and services which being produced in the effect time. The GDP is also related to the real income, employment and industry production. These reasons are why GDP is an important indicator to a countrys economy state. By looking at the Quarter-to-Quarter growth in real GDP graph (Bureau of Economic synopsis) the GDP in the last two quarters of 2008 and the graduation two quarters of 2009 are negative. Especially the last quarter in 2008, the GDP is down by 9% which means the economy of U.S had dropped 9% in the over the last quarter of 2008. However, from the third quarter of 2009 the GDP had gr own back to positive and it stayed positive from 2010 to 2012. By using the previous data we can conclude that the recession is over and the U.S economy is recovering now. The other important variable is the employment data. ... mic Analysis), we can easily tell the number of employees dropped from 127,383,000 to 121,078,000 during 2008 to 2009 which means at that place are about 6,000,000 mickle lost their job during 2008 to 2009. In 2011, the number of equivalent of employees bounced back to 121,757,000 which is a good sign for U.S economy. There are many an(prenominal) factors which can cause the economic recession. The intimately common reason is the declining in GDP growth and it brings the high unemployment rate, inflation and other economic problems. The latest recession in 2008 is because of the bubble burst in housing price. In 2006 the housing price in U.S peaked too high and the price started falling since 2007. The homeowners and the people who invested in real estat e were facing a huge loss. Comparing the current GDP to the GDP in front recession, we can realize that the GDP before recession is slightly lower than the current GDP. Therefore, U.S economy is recovered from the recession which was started from 2008. However, by observing the gross domestic investment data (Bureau of Economic Analysis table 5.2.3), the gross domestic investment in 2011 is still lower than 2004 to 2008. We can assume that the U.S economy is not fully recovered because people cannot countenance that much money to invest comparing to the time before the recession. We compared the recession between 2001 and 2008. These two recessions are interesting because they are really close to us, and most of us should remember how it was, and what was happening at that time. There were few main reasons that why the U.S. economy was slipping into recession in 2001. One of the most unforgettable reasons was the terrorist attack the terrorist attack bringing down a $10.2 trillio n dollar economy is dramatic. Another main cause of 2001 recession was the crash