Reference no: EM131865287

The last three Presidents of the United States were all elected to a second term in office.  Let's examine the performance of the U.S. economy during their first term in office for each of the last three Presidents. Bill Clinton's first term was from January 1993 to January 1997. George Bush's first term was from January 2001 to January 2005. Barack Obama's first term was from January 2009 to January 2013. Using the information in the table below, which President do you think did a better job with respect to the three primary measures of economic performance during their first terms of office? Why? Note: For the real GDP and CPI data, you need to calculate the real GDP growth rate and the inflation rate. Be sure to show your work.

Real                            CPI - Urban               Unemployment

Month/Year               GDP                          1982-84 = 100                       Rate (National)

Jan. 1993                    $9,267 billion            142.6                          7.3%

Jan. 1997                    $10,561 billion           159.1                          5.3%

Jan. 2001                    $12,560 billion           175.1                          4.2%

Jan. 2005                    $13,774 billion           190.7                          5.3%

Jan. 2009                    $14,830 billion           211.1                          7.8%

Jan. 2013                    $15,355 billion           230.3                          8.0%