• Research Paper on:
    4th Quarter 2002 U.S. Economy Performance

    Number of Pages: 5

     

    Summary of the research paper:

    In five pages this paper discusses the 2002 4th quarter economic performance of the United States with the use of various indicators. Six sources are listed in the bibliography.

    Name of Research Paper File: TS14_TEus0402.rtf

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    Unformatted Sample Text from the Research Paper:
    had slowed to only 0.7 for the year (Antosh, 2003). This was still positive growth, but at a much lower rate than seen in the forth quarter of 2001 when  the economy showed a rally and an upward trend on that year. The equivalent growth was 1% higher at 1.7% (Lagomarsino, 2002). This decline was foreseen, as a result  the Federal Reserve had followed a strategy of seeking to increase disposable income by reducing interest rates further, half a percentage point was knocked off of the interest rates in  November 2002 (Antosh, 2003). This strategy appeared to have some positive results, as the aim is to maintain and increase spending when there is a higher level of disposable income  for both consumers and commerce. The US produced goods sales indicated an upward trend, with an increase of 1.3% in the last quarter of 2002 (Antosh, 2003). However,  when looking at this it should also be remembered that roughly 0.8% of this was added by increased government spending which had increased dramatically during 2002 (Antosh, 2003). The  Defence budget increased by 11.2% in 2002 and also contributed to 0.5% to the growth of the GDP (Antosh, 2003). Looking at the overall figures, this rally in the  second quarter meant that the economy was still seen to grow in the year, showing an increase on the year of 2001. 2001 had seen a recession following the disaster  of the terrorist attack on the World Trade Centre that took place when the economy was in a shaky position. This resulted in only 0.3% growth of the GDP in  2001, compared with 3.8% in 200. By the end of 2002 the growth of the GDP was recovering overall, with a rate of 2.4% (Antosh, 2003). In financial terms this 

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