A Macroeconomics Breakthrough: How to Monitor GDP Growth and Boost a Country's Economic Standing

By Clifton Chambers

This book examines how countries can monitor their GDP growth (probably) for the the first time in history, use the resulting data to achieve their short term projected GDP growth (in the first instance) and much more. A key goal of every economy is to achieve economic or GDP growth. However, my research has shown that the forecast or projected GDP growth must also be achieved, as there are likely negative consequences, such as a reduction in government spending and or higher taxes and or borrowing than originally planned, if the forecast GDP growth is is not achieved. Achieving the projected GDP growth however, depends to a very high degree, on whether the sizes of at least three of the actual GDP growth rates are equal to, or exceed certain minimum values, as well as indicating a trend. Additionally, if an economy forecasts a GDP contraction, it is important that any actual GDP contraction(s) does/do not exceed certain maximum value(s). This book explains and explores what the minimum and maximum values are, introduces a simple VBA Excel spreadsheet to automatically generate them and shows how they can be used to guide economies in achieving their forecast GDP growth, among other things.
You will be able to: Easily use the VBA Excel spreadsheet to facilitate the monitoring of GDP growth Identify the 4 main scenarios favorable to achieving the projected GDP growth Identify the 3 main scenarios unfavorable to achieving the projected GDP growth Monitor and assess data related to a favorable or an unfavorable scenario and make a prediction on the likelihood of the achievement of the relevant forecast GDP growth Monitor and assess, then predict the likelihood of Jamaica achieving the 5% GDP growth in 4 years (Jamaica Observer, 2018) (case study) Use the IMF's GDP growth forecast (2019 - 2021) (International Monetary Fund, 2020 a) (pre-covid-19) for the US as well as the BEA's actual GDP growth for 2019 (Bureau of Economic Analysis, 2020) to monitor and assess, then predict how likely the target growth of 1.7% in 2021 would have been Use the IMF's world GDP forecast (International Monetary Fund, 2020 b) (pre-covid-19) for 2019-2021 to make preliminary assessment on whether the target growth of 3.4% in 2021 would have been likely to be achieved Use the VBA Excel spreadsheet to make a revised target GDP growth if the initial target growth of 3.4% was not likely to be achieved. Demonstrate how stakeholder agencies who make GDP growth forecasts, can use the VBA Excel spreadsheet to improve their GDP growth projections Just before and during a recession, know the initial steps to take before monitoring, assessing and making a prediction on whether the forecast GDP growth will be met or contraction not exceeded Obtain additional practice in assessing and making recommendations about GDP growth and or contraction of the US economy for 2020 based on (1) the IMF's initial revised GDP contraction of 5.9% for 2020 (International Monetary Fund, 2020 c) and (2) the IMF's second revised GDP contraction of 8% for 2020 (International Monetary Fund, 2020 d) Note: Precovid-19 figures are important not only for learning purposes but are applicable to normal economic times. For transparency and accountability, Appendices 1 and 2 show the results generated by the VBA Excel spreadsheet are equal to those obtained manually, using the future value formula and a scientific calculator.
The VBA Excel spreadsheet is free with ownership of this book.
About the Author
Clifton Chambers is the author of the book A Macroeconomics Breakthrough. He graduated from the University of the West Indies (UWI), Mona, Jamaica with a bachelor's degree in Computer Studies and is currently studying ACCA Level III Accounting.

• Format: Paperback
• Language: English
• ISBN: B08GV91TRT
• ISBN13: 9798679028616
• Release Date: August 2020
• Publisher: Independently Published
• Length: 76 Pages
• Weight: 0.27 lbs.
• Dimensions: 0.2" x 6.0" x 9.0"