Predictions of inflation, unemployment, and RGDP
Collect the data on annual average data on CPI index, unemployment rates and real GDP from year 2001 through 2005. The first two url links from bls.gov will provide you the data for CPI index and unemployment rate. Illustrate them in a table against the last five years and respond to the following two problems:
a. find out the changes in inflation rates, unemployment rates and the RGDP growth rates for the years from Year 2001 through 2005 and illustrate them in a new column at the end of the table of data.
b. Based on those calculations, briefly describe the overall economic performance over the last five years and critically predict about these three macroeconomic variables for the coming years.