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Example research essay topic: Gross Domestic Product Fourth Quarter - 1,371 words

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... items that were looking for work could not find it and would remain unemployed for the year. Although this seems like a large number, judging by the previous totals it appears to be more average than anything else. This percentage is that of the labor force, not that of the entire population. The labor force is that of the employed, and those considered unemployed by definition, so to not be confused the unemployment rate is not that of the entire population of the United States. It can be seen on charts that the labor force itself increases and decreases month to month, for example in January 2001 there was 514, 000 person increase, but a decrease in February going down by 135, 000.

There are many fluctuations throughout the year that aide in determining the unemployment rate. The next year unemployment obviously made a change again. It did stay relatively the same all year round, but was also relatively high. It was consistently around 5. 7 % all year, and in April it rose to 5. 9 %. The highest the monthly unemployment rate hit in the entire year of 2002 was 6 % and that was in December. The annual percent averaged out at 5. 8 %, which was an increase of 1. 2 % from the previous year.

This increase means that more people were unemployed at the end of 2002 then at the end of 2001. The total number of people counted as unemployed in 2002 was at 8, 378, 000, which is a relatively high number. In 2003 the unemployment again would begin by rising to a new high level of the three total years. Early in the month it would remain the same as compared to the previous year except slightly lower from December of 2002, it would hit totals of 5. 8 % and 5. 9 %. In April it would rise again to 6 % and eventually by June it would the highest it has been since April of 1994 (6. 4 %), which was a total of 6. 3 %. The year would progress and the unemployment total would steadily decrease, but decrease slowly.

In July it came down to 6. 2 % and even go down to 5. 7 % in December. The annual total came out to 6 % again being at its highest since 1994 (when it was 6. 1 % as an annual total). A major factor in the working economy is the import and export area. In 2001 there were many different countries all over the world involved in trade with the United States. The U. S.

tends to import a substantial amount more than it happens to export. In 2001 the United States exported to Canada 163, 424 (in millions) while they imported 216, 638. Its next big country in exports was Mexico where they exported 101, 296 worth of goods in millions of dollar value, they were realistically closer with a total of 131, 338 in the imports. Exports to Japan were at a total of 57, 452, while imports were at 126, 473. The United Kingdom shows more stability with the United States in 2001, where their total export was 40, 714, and import was 41, 369. China had a huge difference in import / export , where the total exported U.

S. goods was at 19, 182 and the imported was a 102, 278. This is a constant trend in the U. S. and that is the imports always outnumber the exports. 2002 would basically yield the same results as 2001 with slight changes. Exports to Canada would drop to 160, 923, but the total import would decrease as well to 209, 088 showing no real change from the previous year.

Mexico would have a decrease in received export dropping down to 97, 470; the import total would increase to 134, 616 furthering the gap between the two. Japan's 2002 totals were 51, 449, which was a decrease from the previous year, but its import total was a decrease as well with a total of 121, 429. The United Kingdom had a decrease from the previous year like the rest of countries. The U. K. 's total export received from the U. S.

went down to 33, 204 with an import to the U. S. total at 40, 745. The import / export ratio for China would be outstanding once again when the U.

S. would export 22, 128 to them and import 125, 193 from them. 2003 would not be very different from the previous two years. The U. S. will continue its pattern; it exported 169, 770 to Canada and imported 224, 116. The U.

S. to Mexico would export 97, 457, and import 138, 073. In Japan's case in 2003, the U. S. exported 52, 064, and they imported 118, 029; this total has been dropping for the last three years. The United Kingdom would be nearly the same as last year with totals at 33, 895 in export, and 42, 667 in import, but China would once again have some amazing numbers.

The United States would export 28, 419 to China, which was a major increase of 28. 4 % from the previous year, but its total imports into the U. S. would once again grow; this time it would grow to 152, 379. The gross domestic product is a good tool to use to look at the economies success.

A high GDP will usually mean that more money is being produced by the economy. In 2001 there was low percentile of the GDP at the end of the first quarter the GDP was down 0. 6 %, which means there was less production gained from the previous total. The second quarter would show another drop in the gross domestic product this time it was at - 1. 7 %; way lower then the previous total making for a very low period of production. The gross domestic product would suffer again in the third quarter being down at approximately - 0. 3 %, but would bounce back up in the fourth quarter up to about 2. 7 % by the end of 2001. The year of 2002 would show an increase from the previous year's dismal marks in the very beginning of the year. It would rise up to about 5 % in the very first quarter of the 2002 economy year.

The second quarter would follow suit and again be in positive numbers. The second quarter of 2002 would yield a gross domestic product at approximately 1. 3 %. The third quarter would stay in positive numbers as well by having a total percent of approximately 4 %, which shows that 2002 was a year of positive gains. The fourth quarter was around 1. 4 % again being a positive gain in the year of 2002. 2003 would as well be in positive numbers throughout the year. In the first quarter it was equal with that of the final quarter of 2002, which will put it at 1. 4 % approximately. The second quarter will again be on the up and up, with a 3. 3 % in gross domestic product, showing that 2003 was going to be a positive year.

The third quarter was at an astounding 8. 2 % showing a massive increase from the previous quarters. 2003 would be a year of higher production; in fact it was the highest producing year of the three analyzed. In conclusion, looking at these indicators, there has been am explanation of home the economy was in the years 2001 - 2003 in the United States. Discussed were the consumer price index, the imports and exports, the unemployment rate, and finally the gross domestic product. By seeing how these all went it will be open for people to take the given data analyzed in this paper and come up with their own interpretation of the data. This is an analysis of the United States economy for the years 2001 - 2003.

Works Cited 1. web 2. web 3. web 4. O'Sullivan, Arthur and Sheffrin, Steven M. Economics Principles and Tools.

Third Edition. Prentice Hall. Upper Saddle, New Jersey. 2003.


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Research essay sample on Gross Domestic Product Fourth Quarter

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