# Economics Assignment, UON, Malaysia Analyze current economic news using one or more of the macroeconomic frameworks presented in the course

 University University of Nottingham (UON) Subject Economic

Assignment 1

Learning outcome: Analyze current economic news using one or more of the
macroeconomic frameworks presented in the course

Research the data published by Federal Reserve Bank of St. Louis, and do the followings:

Topic on GDP

a) Table Quarterly Gross Domestic Product [GDP](Seasonally Adjusted Annual Rate) from Q1Y2018-Q1Y2022. Cite your source below your table.

b) Table Quarterly Real Gross Domestic Product [GDPC1] (Chained year 2012, Seasonally Adjusted Annual Rate) from Q1Y2018-Q1Y2022. Cite your source below your table.

c) The following graph shows the Quarterly Real GDP for the period of Q1Y2019 – Q1Y2022. Comment on this graph. You may refer to data in part b.

Based on the news, what was the GDP growth rate in the second quarter of year 2022 in U.S? Identify THREE reasons for this change.

Topic on Unemployment

a) Table annual Unemployment Rate [UNRATE] (seasonally adjusted), from Years 2015 (Jan) -2021. Cite your source below your table.

b) Plot the annual unemployment rate graph from Years 2015 (Jan) -2021. Briefly analyze the trend of overall unemployment rate during these years.

c) Table annual labor force participation rate men (LNS11300001) in U.S for Years 2015 (Jan)-2021. Cite your source below your table.

d) Read the following report. Based on the report, what was the amount of discouraged labor in Aug 2022? Identify ONE industry that has gained in employment.

Topic on Price level and Inflation

a) Table annual Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [CPIAUCSL] (Index 1982-1984=100, seasonally adjusted), from Years 2015 (Jan) – 2021. Cite your source below your table.

b) Use the data from part a, table annual inflation rate from Years 2015 (Jan) -2019. You are required to show how the annual inflation rates are obtained.

c) The following graph shows the monthly inflation rate in the United States from January 2020 to June 2022. Briefly analyze the overall general price level.

Identify the main TWO reasons that contribute to the high inflation in U.S.
“For workers, the numbers meant another hit to the wallet …”. Explain briefly how would this affect the fixed income workers?

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