Problem
Key Words: Real GDP (and its measurements), Economic Growth, Recession, Employment, Unemployment, CPI, Inflation We know that the COVID-19 virus had greatly disrupted economic activity in the United States and the rest of the world. However, since 2021, the US economy has been recovering from the impact of Covid. Please find two articles/videos (newspapers, magazines, online sites, news videos ) that comment on the current state of US economy: Real GDP, Economic Growth, Employment and Unemployment, Inflation Read the articles (watch the videos).
Task
You are writing to a person who knows very little of the economic concepts discussed in these articles/videos. For this person, summarize the content of the two articles/videos. In your summary, focus on some of the key concepts discussed (see key words in red above). Include in your discussion the definition of the key concept. Using these key concepts, explain to the person the current state of the US economy. Include appropriate current data in the discussion.