Economics in the United States Macroeconomics in Essay

Open, View, and/or
Download this Document

Total Length: 833 words ( 3 double-spaced pages)

Total Sources: 3

Page 1 of 3

Economics in the United States

Macroeconomics in the United States

Macroeconomics deals with the general economic systems, which have a larger scope compared to individuals and markets. Essentially, microeconomics is mainly used in the determination and forecast of a country's national income. This is done by analyzing the factors of the economy that represent trends and patterns and in most cases influence each other. Economic factors affecting macroeconomics include the rates of employment and unemployment, positions of balance of payments, trends in Gross Domestic Product (GDP) and inflation. Macroeconomics is controlled by the monetary and fiscal policies, which are implemented to control economic factors. Levels of investment and consumption of products and services is also determined by fiscal and monetary policies.

Microeconomic situation in the United States

Figure 1.1: Trends (in percentage) of Unemployment in the U.S. -- 2012

2012

March

April

May

Changes from April to May

Total for 16 years and Above

8.2

8.1

8.2

0.1

Adults (Men)

7.6

7.5

7.8

0.3

Adults (Women)

7.4

7.4

7.4

0.0

Teenagers between 16-19 Years

25.0

24.9

24.6

-0.3

Whites

7.3

7.4

7.4

0.0

African-American

14.0 13.0

13.6

0.

Stuck Writing Your "Economics in the United States Macroeconomics In" Essay?

View All Our Example Economics in the United States Macroeconomics in Essay

Have A Custom Example Essay Written

6

Total for 25 years and Over

6.8

6.8

6.9

0.1

Less than high school diplomas

12.6

12.5

13.0

0.5

High school certificate-no college

8.0

7.9

8.1

0.2

7.5

7.6

7.9

0.3

Bachelor's degree

4.2

4.0

3.9

-0.1

With the current survey in U.S., it is evident that the most affected with the unemployment are teenagers, African-Americans and those without college or bachelor degrees.

Probable causes of unemployment

The population growth rate is rising at a terrific pace, leading to higher unemployment rates. As the population increases, the job opportunities are not hence leading to excess labor and limited spaces for work. The government has to take action and provide for jobs in diverse sectors of the economy, to accommodate the unemployed.

High competition rates with foreign countries, in industry and firms. This has caused inability in terms of financing the firms. The result is often winding up or liquidation. Closure of the firms and industries leads to job loss hence high unemployment rates.

Currently, the country is undergoing immense technological change which has caused automation in the industries and manufacturing firms. Most production facilities are.....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Economics In The United States Macroeconomics In" (2012, June 05) Retrieved April 29, 2024, from
https://www.aceyourpaper.com/essays/economics-united-states-macroeconomics-111060

Latest MLA Format (8th edition)

Copy Reference
"Economics In The United States Macroeconomics In" 05 June 2012. Web.29 April. 2024. <
https://www.aceyourpaper.com/essays/economics-united-states-macroeconomics-111060>

Latest Chicago Format (16th edition)

Copy Reference
"Economics In The United States Macroeconomics In", 05 June 2012, Accessed.29 April. 2024,
https://www.aceyourpaper.com/essays/economics-united-states-macroeconomics-111060
   

Open, View, and/or
Download this Document
order custom essay example