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11 Cards in this Set
- Front
- Back
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what is the current population of the us? |
300 million |
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what is the population growth rate? |
1% per year |
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what is the value of nominal GDP in the us? |
$21 trillion for 2018 |
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what are the dates for the 2 most recent recessions in the us ? |
March 2001 - November 2001 December 2007 - June 2009 |
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what is the historical trend in the growth rate of real GDP in the US? |
3% |
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what is the historical trend in the growth rate of real GDP per capita? |
2% |
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what is the rate of inflation in the US over the last year? recent high ? recent low ? |
1.7% recent high: 15% (1980) recent low: -1% (2009) |
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what is the current interest rate in the US? (MPRIME rate) |
5% |
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what is the current unemployment rate in the US? |
3.6% recent high: ? recent low: ? |
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monetary policy |
• inflation: 2 percent objective • federal funds rate: 1 1/2 - 1 3/4 percent |
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fiscal policy |
• federal budget deficit: 4% of GDP • federal debt: 80% of GDP |
