Eco 509 Week 9 Assignment 1

581 Words3 Pages
ECO 509 – Business Conditions Analysis November 2013 Essay Assignment 2 Dr. Michael S. Miller The decision as to the timing of the business cycle can have important implications. Knowing that a recession has been declared could affect household and corporate confidence and expectations. A drop in confidence can lead to further weakness in spending, and thus in the economy. So, let’s consider how the decision is made to establish the two turning points of the business cycle – the peak and the trough. To get an idea of how this process is done, please access the website of the National Bureau of Economic Research, or NBER, and focus on the business cycle material (http://www.nber.org/cycles/main.html). Write an essay on the method/data…show more content…
of BD) | Y/Y Growth Rate of GDP | 2009 | 9,266.8 | | 2010 | 9,668.2 | 4.3% | 2011 | 9,848.7 | 2.1% | 2012 | 10,186.5 | 3.4% | Average Growth RateOf GDP, 1990-2010 | - | 5.4% | Average Growth RateOf GDP, 1980-2010 | - | 4.5% | Period | Total Employment | Change Quarter-over-Quarter | Change Year-over-Year | 2009Q1 | 597,592 | 3.8% | 16.7% | 2009Q2 | 607,570 | 1.7% | 14.6% | 2009Q3 | 593,394 | -2.3% | 9.3% | 2009Q4 | 598,491 | 0.9% | 3.9% | 2010Q1 | 593,660 | -0.8% | -0.7% | 2010Q2 | 597,040 | 0.6% | -1.7% | 2010Q3 | 597,402 | 0.1% | 0.7% | 2010Q4 | 599,349 | 0.3% | 0.1% | 2011Q1 | 594,925 | -0.7% | 0.2% | 2011Q2 | 586,469 | -1.4% | -1.8% | 2011Q3 | 592,789 | 1.1% | -0.8% | 2011Q4 | 598,226 | 0.9% | -0.2% | 2012Q1 | 606,914 | 1.5% | 2.0% | 2012Q2 | 617,258 | 1.7% | 5.2% | 2012Q3 | 627,124 | 1.6% | 5.8% | 2012Q4 | 635,717 | 1.4% | 6.3% | 2013Q1 | 647,578 | 1.9% | 6.7%

More about Eco 509 Week 9 Assignment 1

Open Document