What are the near-term prospects for the us economy

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A friend of yours has just returned from desert island where she was stranded alone since January 2009. Having completed Econ. 104 just prior to arriving on the desert island (and being naturally curious), she asks you the following questions: What happened in the last 6 years? 1) By how much has GDP (and Real GDP) changed, and have there been significant changes in the internal composition of GDP? 2) How has total employment and unemployment changed for the country as a whole? 3) Is international trade more or less important (how have exports and imports changed, especially as a share of GDP)? 4) Have there been any recessions in the last 6 years, and if so, what happened? 5) Finally, what are the near-term prospects for the US economy?

Reference no: EM13852669

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