Hello Tutor - If you can please review this does it show that there is understanding and its okay ??? Again we have to follow this template and its below as follows and choose a macroeconomic data , Is it okay to present or understanding in general would it be okay ? or wrong ?

My chosen macroeconomic data type:[this can be a broad category or name of a data type]

Measurable definition:[this is more specific, something that can be measured]

Current numerical value (and date):

Recent trend:[you can write a summary, or include a chart or table of data]

Article title:

Author name:

Publication source:

Article date:

URL:

My chosen macroeconomic data type: The macroeconomic variable chosen is economic growth.

Measurable definition:The economic indicator that measures economic growth is real GDP.

GDP is known for the market value of all final goods and services produced within the domestic territory of a nation during a given time. Quarterly data is available on the real GDP growth rates.

Current numerical value (and date):With the outbreak of the COVID-19 pandemic, there has been a contraction in the U.S. GDP, and the GDP for the second quarter of 2020 has been -31.4%.

Recent trend:The U.S. GDP has been more or less stable over the past couple of years. This current year, there has been a significant fall in the GDP, implying a contraction in economic activities. This has led the economy to enter into a recession. The historical data on the GDP growth rate in the U.S. can be found here: https://bit.ly/3jPWxSx.

Article title: Real GDP growth in the United States, by quarter 2011-2020.

Author Name: Erin Duffin.

Publication source: Statista.

Article date: Oct 6, 2020.

URL: https://www.statista.com/statistics/188185/percent-change-from-preceding-period-in-real-gdp-in-the-us/