U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 1 views
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Shoko Kuroda on 31 May 12It clearly states that the increase in consumer confidence shifted the AD curve to the right and how this lead to the stable US GDP growth
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can draw a graph describing the growth in GDP by a AD curve shift to the right
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Business investment, which had been a bright spot, declined in the most recent quarter.
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Business investment is stated as another factor which contributed to the decrease in GDP growth
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Explanation as to what is GDP, its definition and the major factors which influence GDP. GDP= C (consumption)+G (government spending) +I (investment) +(X-M) (exports- imports)
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Could give an insight to some statistics as to what the GDP growth rates are for few countries around the world
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Evaluate on the two different perspectives and the extent to both are valid
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reducing unemployment is another factor which affects GDP. State and explain how employment increases GDP. When people are employed this increases consumer confidence and results in consumers to be more willing to pay for goods and services and therefore increases consumption which is a big part of GDP.
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Explain the relationship between the GDP of other countries. Such in this time period, Greece as a country was going the path of becoming bankrupt. The Euro-crisis contracted the economy of many countries. When they have a smaller economy, they have less amount of exports and therefore this could have made the difference between exports and imports significant and influenced GDP.
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Government spending also fell
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particularly large drop in military outlays.
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Many economists pointed out that consumer spending, mostly on cars and other large items, seemed to have come at a cost. Consumer savings declined.
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decline in business investment.
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Businesses spent more on equipment and software but much less on infrastructure.
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decline in investment in
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construction related to mining, oil and gas
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series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Ja
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panese earthquake.
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where many countries are already in recession and where this week Britain announced that it had entered the dreaded “double dip.”
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slowing of China’s breakneck
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Decline in business investment, infrastructures invest more money therefore bring a bigger influence on growth of GDP whereas equipment and software have little affect since it is not as expensive as building roads and buildings.
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Investment on construction of mining, oil and gas is similar to business investment on infrastructure since they acquire a lot of money whereas spendings on factories and office buildings are not as expensive as construction related spending.
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Shipments of durable goods increased last month, but new orders showed the steepest drop since January 2009.
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unemployment benefits have risen.
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Unemployment benefits have risen, indicating that since there is a population who dont have a job, the government has to afford them unemployment benefits which reduces GDP.
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Natural hazards such as the Earthquake and Tsunami which hit Fukushima on March 11, reduced the exports of Japanese goods to foreign countries due to the news of radiation. Because of a decrease in demand for Japanese goods, this could have reduced imports for America and a smaller difference between exports and imports of goods.
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Because China has such a global impact on the world's economy, the slowing growth of the Chinese economy could reduce consumption of goods, considering the fact that the prices of Chinese goods could increase.
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