Economics project about the State of New Jersey

  

The purpose of the Economic Project to enable students to collect economic data, graph, analyzes and explains data. This exercise is will develop the capacity to understand and analyze economic issues, and articulate their arguments clearly, in their own words. The evaluation and grading of the paper will depend both on the data collection and writing style to analyze the graph.
Economic Variables:
1- Real Gross Domestic Product,
2- The Unemployment Rate.
3- Consumer Price Index (National)
4- Per Capita Personal Income
5- Home Ownership Rate
6- State Budget Surplus or Deficit
Project Process;
1- Collect annual or quarterly data from 1980 -2019 for your state
2- Graph each variable in separate excel sheet
3- Explain each graph regarding reasons for recession and prosperity.
4- Run regression GDP as function of unemployment rate, per capita personal income and Homeownership rate.
5- Explain your regression results.
6- Conclusion

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