AP ECON- EXTRACT #1

AP ECON- EXTRACT #1 - The Best Way to Show Economic...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
The Best Way to Show Economic Improvement in a Recession Period 3 15 October 2009 Word Count: 683 The article that I researched for this economics extract was an article that I found in the Los Angeles Times online database. The topic of this article includes a discussion about the recession that the United States is currently in. Along with this recession discussion, the article includes an explanation about which is a better indication of recovery in a recession between
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
growth in GDP and unemployment rates. The article addresses these topics and draws a conclusion at the end which answers the question, “Do We Need another Stimulus.” Right now the United States is experiencing a recession. A recession is defined by two consecutive quarters in which a country’s real GDP does not grow. Although this recession is affecting nearly every U.S. citizen, it is slowing getting better. One effects of the recession in America is an increase of the number of unemployed. To be considered unemployed one must be eligible to work but currently laid off or actively seeking work in the last thirty days. Two of the costs of this unemployment rate are: less goods and services being sold and the
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 4

AP ECON- EXTRACT #1 - The Best Way to Show Economic...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online