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Economic Analysis Project - Research Paper Example
Author : marcus11
Pages 5 (1255 words)
Running Heading: Applied Economic Analysis Applied Economic Analysis [Name of Student] [Name of Instructor] [Course] “Applied Economic Analysis of the Current Outlook of Overall Economy of United States of America” INTRODUCTION AND DESCRIPTION OF THE ISSUE: The impact of recent economic recession has been experienced by almost every other economy of the world…
The overall national income of United States of America is being decreased. Highest concern has been raised about the job or labor market of the country. There are number of people who are looking for suitable jobs and are not able to find one. On the other hand the average take home wages have been decreasing considerably (Pear, 2011). This all results in further increasing the issues and problems for the economists and policy makers, who are in search of different ways to come out of the after affects of the economic recession. Government of United States of America along with other policy makers are busy in devising such a policy or strategy which facilitates them in the process of recovering. Different policies and initiatives are being taken by the officials and policy makers, but despite of this there has been continuous decrease in the overall income and output level of the economy. It has been reported that the national income of United States of America decreased by almost 9.8 percent after the recession till June this year. According to different economics analysts, this is one of the largest decline in past few decades (Pear, 2011). Despite of the little improvement in overall unemployment rate, the average wage rate is reporting constant decline (Pear, 2011). ...