Identify economic factors that affect the real GDP, the unemployment rate, the inflation rate, and a key interest rate. How do you predict the economy will perform in the next two years given the current? What is the current status of the natural rate of unemployment and how is it trending? Is a positive or negative for economic growth? Do you think consumer spending is the largest contributor to economic growth, the GDP, in the US economy? What percentage of the GDP is consumer spending? The Business Cycle: The prevailing theory is that we are in an expansionary phase right now in the US economy, so the next logical phase would be what??????? Do you feel the US government should be required to have a balanced budget, or do you like the flexibility of the government being able to run a budget deficit? At zero inflation, there is no opportunity for businesses to raise prices to cover increased costs! How important is this issue?