"Predict the short and long-term economic impact on the US economy due TO COVID-19. In 500 words or greater, using 8 credible sources to support your point of view, predict the condition of the US...

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"Predict the short and long-term economic impact on the US economy due TO COVID-19. In 500 words or greater, using 8 credible sources to support your point of view, predict the condition of the US economy in the 2,6 and12 months. Also, give a 2 year outlook on the US economy as well. Use a comparative economic view of the current COVID-19 conditions to Antonine Plague, 1918 Influenza, Flu 1968, Black Death and the Plague of Justinian and predict the short and long-term impact of the US economy. Compare the durations, technologies and medical advances as well as the resources available to help. Note: I am not asking for your unsupported opinion. The best paper will use no less than 8 sources to make their clearly reasoned position. Also, I’m am not seeking the medical view of COVID-19 only the financial impact of the condition on the economy."


Microsoft Word - Business Priciple Rubric - Pandemic Rubric Template: Signature Assignment (A) (20) (B)(17.8) (C)(15.8) (D)(13.8) (F)(11.8) Task Student makes specific prediction on both short and long-term impact of the Pandemic on the US Economy. Student give specific economic predictions for 2,6 and 12 months. Student gives specific 2-year economic outlook of the impact on the economy. Student give a detailed comprehensive comparative view of the impact of the 5 named Pandemics to the existing view. Student uses 8 credible sources to support overall position. Student makes specific prediction on both short and long-term impact of the Pandemic on the US Economy. Student give general economic predictions for 2,6 and 12 months. Student give general 2-year economic outlook of the impact on the economy. Student give a detailed comprehensive comparative view of the impact of the 5 named Pandemics to the existing view. Student uses 8 credible sources to support overall position. Student makes general prediction on both short and long-term impact of the Pandemic on the US Economy. Student give general economic predictions for 2,6 and 12 months. Student give general 2- year economic outlook of the impact on the economy. Student does not give a comparative view of the 5 named Pandemics. Student uses 8 credible sources to support overall position. Student makes vague prediction on both short and long-term impact of the Pandemic on the US Economy. Student does not give general economic predictions for 2,6 and 12 months. Student does not give general 2-year economic outlook of the impact on the economy. Student does not give a comparative view of the 5 named Pandemics. Student does not use 8 credible sources to support overall position. Student makes no prediction on both short and long-term impact of the Pandemic on the US Economy. Student does not give economic predictions for 2,6 and 12 months. Student does not give 2-year economic outlook of the impact on the economy. Student does not give a comparative view of the 5 named Pandemics. Student does not use 8 credible sources to support overall position. Content Content is comprehensive, accurate, and persuasive. Major points are stated clearly and are well supported. Responses are excellent, timely and addresses assignment including course concepts. Content and purpose of assignment are clearly articulated. Content is comprehensive, accurate, and persuasive. Major points are stated clearly and are well supported. Responses are good, timely and addresses assignment including course concepts. Content and purpose of assignment are clearly articulated. Content is accurate but lacks persuasive qualities. Major points are stated but lacks clarity and are vaguely supported. Responses are general and addresses assignment including course concepts. Content and purpose of assignment are vaguely articulated. Content is vague and lacks persuasive qualities. Major points are not stated. Responses are lacking and does not addresses assignment. No obvious understanding of the task. No demonstration of content understanding Rubric Template: Signature Assignment Information Literacy Determines the extent of information needed by effectively defining the scope of the task. Effectively determines and identifies key concepts and terms. Evaluates and uses appropriate information with well-designed search strategies, synthesizes this information coherently into the paper/project, and uses documentation strategies appropriately. Information is taken from source(s) with enough interpretation/evaluation to develop a cohesive analysis and synthesis. Includes a works cited. Mostly determines the information needed by defining the scope of the task. Determines key concepts and terms. Evaluates and uses information with search strategies, synthesizes this information into the paper/project, and uses documentation strategies. Information is taken from sources with interpretation/evaluation to develop an analysis and synthesis. Includes a works cited. Although present, may be weak in one or more of the following areas: information to fully support the task, identifying key concepts evaluating and using information appropriately, synthesizing information, interpreting /evaluating and synthesizing information. A works cited is present but not properly formatted. Attempts to do one or more of the following areas: information to fully support the task, identifying key concepts, evaluating and using information appropriately, synthesizing information, interpreting/ evaluating and synthesizing information. A works cited may be present but not complete or properly formatted. No detailed information, search strategy, text references, documentation, or works cited evident.
Answered Same DayJul 27, 2021

Answer To: "Predict the short and long-term economic impact on the US economy due TO COVID-19. In 500 words or...

Dilpreet answered on Jul 28 2021
145 Votes
Last Name:    
Title: Impact of COVID-19 on the US Economy
Contents
Introduction    3
Impact of COVID-19 on the Economy of United States    3
Conclusion    5
Work Cited    6
Introduction
    
With the outbreak of the COVID-19 pandemic, the economy of US has been suffering a major setback and has been largely disruptive. The pandemic has adversely affected the production industry, the supply chain, the tourism industry and has been interfering with the employment of the people. It is therefore, essential to understand the short-terms and long-term impact of COVID-19 on the economy of United States.
Impact of COVID-19 on the Economy of United States
    It is understood that the attack of corona virus on Americans has now gone far beyond the health conditions of the Americans, who have been infected. The lockdowns and quarantines have brought the economy of US to a still. It has been observed that the unemployment rate of the country has increased by 11.1% over the period of 12 months (Foreign Policy Research Institute). The US economy has shrunk by 4.8% over a period of 6 months and has increased to 5% over a period of the last two months (Trading Economics). Considering the economic outlook of United States over a period of last two years, it can be inferred that the GDP growth of the country was 2.9% in the year 2018 and was 2.3% in the year 2019 but due to the outbreak of this pandemic the GDP of the country has declined by 5.9%.
    On comparing the economic conditions of United States during the periods of various pandemics that have taken place in the past to the economic conditions during the COVID-19 pandemic, it is evident that economical disruptions have affected the country badly. As mentioned in the Ancient History Encyclopedia, the increased number of deaths during the Antonine Plague...
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