Macro Identify the State and the MSA Term Paper

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Macro

Identify the state and the MSA on which you have gathered data.

Oklahoma. MSA (Metropolitan Area) Tulsa. Data accessed on the World Wide Web at http://economy.okstate.edu/outlook/2003/tulsamsa.aspfor Tulsa. Data for U.S. economy overall accessed at http://economy.okstate.edu/outlook/2003/us.asp.

Compare the growth of U.S. GDP to the growth of state and local personal income, and identify where the state or local area led or lagged the nation.

In Tulsa, the growth of personal income was expected to reach 4.4%, above the national average. Per-capita metro income was recorded at $32,262, only slightly below the expected national level of $32,362.

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3. Tulsa also was only slightly below the national average income level.

Make the same comparison of unemployment rates.

The unemployment rate of Tulsa is expected to edge higher from an average of 4.6 but to remain slightly ahead of the national rate of employment.

4.Can you make any hypotheses to explain any differences in the national and local trends that you identified?….....

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