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This Is A Template Please Type Overdeleteall Items In Redprior To

This is a template. Please type over/delete all items in red prior to submitting your assignment. Week XX (Enter Week) GDP Assignment By Type Your Name Here FIN100: Principles of Finance Enter the Name of Your Instructor Here Type the Date Here (ex. February 10, 2020) Week XX (Enter Week) GDP Assignment Question Your Response (Type your responses to each question below.) 1. In your own words, what does GDP stand for? What is it? 2. Using Google or any other search engine, report the current GDP. The number you are looking for is in trillions of dollars. Example: 2.1 Trillion 3. Using Google or any other search engine, report the current Federal debt in trillions of dollars. Example: 2.1 Trillion 4. Using Google or any other search engine, report the bottom line of the current (latest) budget approved by Congress in trillions of dollars (surplus or shortage). Note that the fiscal year for the federal government is October 1 – September 31. For this question, please report Outlays. Example: 2.1 Trillion 5. Using Google or any other search engine, report the bottom line of the current (latest) budget approved by Congress in trillions of dollars (surplus or shortage). Note that the fiscal year for the federal government is October 1 – September 31. For this question, please report Revenues. Example: 2.1 Trillion 6. Using Google or any other search engine, report the bottom line of the current (latest) budget approved by Congress in billions of dollars (surplus or shortage). Note that the fiscal year for the federal government is October 1 – September 31. For this question, please report The Deficit. Example: 2.1 Billion 7. Using Google or any other search engine, report the bottom line of the current (latest) budget approved by Congress in trillions of dollars (surplus or shortage). Note that the fiscal year for the federal government is October 1 – September 31. For this question, please report The debt held by the public. Example: 2.1 Trillion 8. What inference can you draw from the numbers collected? How do the numbers impact the American economy? (Explain in 5 sentences – a short essay) Use black, size 12, Times New Roman, Arial, Courier, or Calibri fonts. For more information, see the formatting instructions under the Strayer Writing Standards link in the Course Shell. AFTER COMPLETING YOUR WORK, DELETE ALL ITEMS IN RED. Your font must be black. Sources 1. List your sources here 2. List your sources here 3. List your sources here 2 USE EXCEL TO ANSWER THE FOLLOWING: A container of one dozen large eggs was purchased at a local grocery store. Each egg was measured to determine its diameter (in millimeters) and weight (in grams). The results for the 12 eggs are given in the following table. Weight is the dependent variable. Calculate the r-sqr, correlation coefficient, and explain each value. Index Diameter (mm) 42............5 Weight (grams) 52...........1 The following table gives information on the amount of sugar (in grams) and the calorie count in one serving of a sample of 13 varieties of Kellogg’s cereal. Calories is the dependent variable. Calculate the r-sqr, correlation coefficient, and explain each value. Index Sugar (grams) Calories Previous Next For each problem, you must calculate the deviations from the average, the manual correlation calculation and cross check it with Excel's correl function. Furthermore, you will generate the scatterplot graph, along with the trendline. Indicate whether there is a strong/weak/no correlation between the two variables. PRACTICE QUESTION 1: The Swiss Hiking Federation is an organization that is known for promoting the same use of the hiking trail system throughout Switzerland. Suppose SHF would like to investigate the linear relationship between the amount of time to hike Wengen-Kleine trail in the Jungfrau region and the age of the hiker. A random sample of 7 hikers on this trail was selected and their age and hiking time is below. AGE: TIME: 2.7 4.2 5.0 3.8 2.2 2.9 3.0 Using XLS, calculate the correlation coefficient for this sample. Test to see if the population correlation coefficient is not equal to zero using a 90% CI. Here, you will use a two-tail test. PRACTICE QUESTION 2: Consider the following X: Y: Using XLS, calculate the correlation coefficient for this sample. Test to see if the population correlation coefficient is not equal to zero using significance of 0.05. What are your conclusions? PRACTICE QUESTION 3: Fair Isaac, the company that developed the credit score (FICO) model used by most lenders today, would like to test the linear relationship between age and credit score of an individual. The follow table shows the credit scores and ages of 10 randomly selected individuals: AGE: FICO: Using XLS, calculate the correlation coefficient for this sample. Test to see if the population correlation coefficient is different from zero, using an significance of 0.02. What are your conclusions? PRACTICE QUESTION 4: The following tables shows the selling prices, in thousands of dollars, and the square footages of seven randomly selected homes recently sold by Century 21 Realtors: Price: Sqr Ft: Using XLS, calculate the correlation coefficient for this sample. Using an significance of .1, test the significance of the population correlation coefficient between a house’s selling price and its square footage. What conclusions can you draw? PRACTICE QUESTION 5: The following tables shows the mpg and curbed weight, in thousands for eight randomly selected vehicles: MPG: Weight: Using XLS, calculate the correlation coefficient for this sample. Using an significance of .1, test the significance of the population correlation coefficient is negatively related between mpg and curbed weight. What conclusions can you draw?

Paper For Above instruction

The Gross Domestic Product (GDP) is a fundamental indicator used in economics to measure the total value of all goods and services produced within a country's borders over a specific period, typically a year or a quarter. Essentially, GDP provides a comprehensive snapshot of a nation's economic activity and health. It encompasses consumer spending, investments, government expenditures, and net exports (exports minus imports). As the primary measure of economic performance, GDP influences policymaking, investment decisions, and economic planning. An increase in GDP generally indicates economic growth, while a decline suggests contraction or recession. Understanding GDP is crucial for assessing the overall economic stability and prosperity of a country.

Currently, the United States' GDP stands at approximately $25.5 trillion, based on latest estimates from credible economic sources like the World Bank and the Bureau of Economic Analysis. This figure reflects the immense scale of the U.S. economy and its global economic influence. Comparatively, this GDP size positions the United States as one of the world's largest economies, emphasizing its role in international trade and finance. The high GDP value underscores the country's significant output of goods and services, ranging from technology to healthcare, manufacturing, and consumer goods. The size of GDP impacts employment rates, living standards, and the nation's ability to fund public services and infrastructure.

The federal debt for the United States currently exceeds $31 trillion. This mounting debt results from continuous budget deficits where government expenditures surpass revenues, leading to borrowing. Such a substantial level of debt raises concerns about fiscal sustainability, potential interest burdens, and future economic flexibility. High debt levels may necessitate increased taxes or spending cuts, which can influence economic growth and social programs. While debt can finance necessary investments and stimulate economic activity, excessive debt might lead to inflationary pressures or increased borrowing costs. Managing this debt prudently is vital for maintaining economic stability and investor confidence.

The latest federal budget's outlays, which reflect total government spending, are approximately $6.8 trillion. These outlays fund various programs including social security, defense, healthcare, and infrastructure. The budget deficit, which indicates whether the government is spending more than it is earning, currently stands at about $1.0 trillion. This deficit is a consequence of high governmental expenditures relative to revenues, impacting the national debt and economic stability. Persistent deficits can lead to increased borrowing and higher interest payments on the debt. Therefore, balancing outlays and revenues is essential for sustainable fiscal health.

In terms of revenues, the latest federal budget shows approximately $5.8 trillion collected through taxes, tariffs, and other sources. These revenues fund government operations and social programs but are often insufficient to cover outlays, resulting in deficits. A significant gap between revenues and outlays necessitates borrowing, adding to the national debt. Sustainable economic growth depends on a balanced approach where revenues grow in tandem with spending. Understanding these financial flows is crucial for policymakers aiming to stabilize the economy and ensure long-term fiscal sustainability.

The federal deficit in billions of dollars is approximately $1,000 billion, which is equivalent to $1 trillion. This high deficit underscores the ongoing gap between government spending and income, emphasizing the need for fiscal reforms to reduce borrowing and manage national debt levels. A large deficit can lead to increased interest payments, diverting funds from essential public services and investments. Reducing the deficit is vital for improving economic stability and maintaining investor confidence. Policymakers must consider strategies such as tax reforms or expenditure cuts to address this persistent fiscal challenge.

The debt held by the public is currently about $23 trillion, representing the portion of federal debt owed to external investors, including individuals, corporations, and foreign governments. This metric is crucial because it reflects the level of reliance on borrowing from the public to finance government activities. A high public debt can affect national economic sovereignty, interest rates, and future generations' fiscal burden. Managing this debt involves strategies to increase revenues or curb spending, ensuring that public borrowing remains at sustainable levels. The significant public debt highlights the importance of responsible fiscal policy to maintain economic stability.

From these financial numbers, one can infer that the U.S. economy is large but heavily reliant on borrowing. The substantial GDP indicates robust economic activity, but the large national debt and deficits reveal underlying fiscal challenges. High debt levels can lead to increased interest costs, potentially crowding out private investment and slowing economic growth. The persistent deficits and growing debt may also limit the government's ability to respond to future economic downturns or fund critical initiatives. Overall, these figures suggest that responsible fiscal management and policies encouraging sustainable growth are essential for long-term economic stability.

References

  • Bureau of Economic Analysis. (2023). National Income and Product Accounts. https://www.bea.gov
  • World Bank. (2023). United States Economic Data. https://data.worldbank.org
  • U.S. Department of the Treasury. (2023). Monthly Treasury Statement. https://fiscaldata.treasury.gov
  • CBO. (2023). The Budget and Economic Outlook. Congressional Budget Office. https://www.cbo.gov
  • Federal Reserve. (2023). Monetary Policy Reports. https://www.federalreserve.gov
  • Library of Congress. (2023). U.S. Public Debt. https://www.loc.gov
  • OECD. (2023). OECD Economic Outlook. https://www.oecd.org
  • Investopedia. (2023). Gross Domestic Product (GDP). https://www.investopedia.com
  • Statista. (2023). US National Debt Data. https://www.statista.com
  • Council on Foreign Relations. (2023). US Economy Overview. https://www.cfr.org

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