The instructions are on the word document in the upload files

 

COVID-19 Impact on US Economy

 

Laura Camejo Borges

Miami Regional University

ENC2201: Report Writing and Research Methods

Dr. Uliana Gancea

April 15, 2022

 

 

 

Abstract

Enter the Abstract section.

Keywords: enter five keywords

 

 

COVID-19 Impact on US Economy

Hook: The Corona Virus has been a global pandemic that struck in January 2020. The virus is primarily transmitted over generated droplets the minute an infected individual cough, sneezes, or breathe out. These precipitations are very weighty to suspend in the midair and swiftly drop on floorings or surfaces.

Background Information: Statistics have long-established through interactive visualizations, explanations of the present metrics, and the details on the data of countries around the globe. Each profile contains deaths, testing, cases, and government responses. There have been 5.59 million confirmed cases, 2.29 million recovered people, and 350, 000 deaths so far (Roser, 2020).

Problem Statement: The American Medical Association has been in operation every day, every week. As such, the budget allocated to curbing Covid-19 around the clock must be addressed. There are currently strains in terms of money spent on curing the infected patients and also acquiring preventive contrivances, which can create issues for the medical staff dealing with the disease.  This results in more indigent patient care and worse health outcomes. The government should always have alternative financial measures, even if they are only catering to essential needs.

Research Question: Fiscal situation: How effective will the prospect of recovery from the current economic recession of the pandemic be in terms of gender, age, skill level, and local government support?

Hypothesis: The substantive impact of the virus is caused by abrupt economic shock, disruption, and government response to the crisis at hand.

Thesis Statement: This research intends to take an industry-led, narrative policy seeking insights primarily from private sector players and operators. The strategic recovery plan in the economy must be informed by not only congress opinion and fiscal responsibility, but also research conducted so far. The short-term economic gains escape becoming long-term fiascos through the development of a preliminary assessment of the situation.

 

Literature Review

The novel virus- (COVID-19) has ripped through the most prominent cities of America; its implication is felt far beyond the over the four million infected Americans (Nicola et al., 2020). Statistic show that US is has the leading number of cases followed closely by Italy and China (Ozili & Arun, 2020). The lockdown and quarantines measures implemented to fight the pandemic is causing a downturn in the country’s economy at an unprecedented speed and force.

Consumption makes up approximately 70% of the US gross domestic product (GDP) (Merrefield, 2020). However, with the onset and spread of the virus in the different states, consumption has significantly reduced. The reason being, business/ companies, are closing down as many households avoid /postpone major purchases – many of the families expect their household income to fall in the next few months. Another economic consequence of the pandemic is reduced Investments. Notably, investments make up roughly 20% of the US GDP. However, people today are reluctant to put up any investments. Also, entertainment, restaurants, and Arts contribute to approximately 4.2% of the gross domestic product. However, with the closure of movie theatres and restaurants, the figures are likely to drop to zero. Lastly, manufacturing constitutes roughly 11% of US G.D.P. However, production has been disrupted due to obstruction of the international supply chain as factories are closing down due to reduced demand for products (Swanson, 2020).

As businesses and factories record losses due to reduced consumer spending, lay-offs have followed swiftly. Small businesses, for instance, are struggling to pay their workers as their revenue is falling (Long, 2020). Consequentially due to the increased unemployment rates, many individuals are seeking unemployment benefits. Over the past five months, The US Department of Labor’s unemployment insurance has received over 20 million unemployment benefits applications. The numbers of people seeking the benefit will further increase with the spread of the virus.

Method

The Research Method adopted for the subject COVID-19 Impact on U.S. Economy was a meta-analysis. The researcher utilized the Virtual Library presented by MRU, LIRN (Pro Quest Central) (Research Library: Science & Technology) databases were used. The use of the primary keyword was “COVID 19” and “Economy,” by choosing the part advanced search to guarantee that enough information was obtained. To narrow it down, the researcher selected only full text with abstract available, and sources within the minimum five years, with English as language. The researcher got a result of five hundred twenty-one articles available. Nevertheless, only five items were picked because some were not relevant to the topic, and the others were too short in pages.

 

 

 

 

Results

Article	Criterion 1: Economic Evidence	Criterion 2: Implications
Jean (2020)   How the COVID-19 Pandemic Is Reshaping the Trade Landscape and What to Do About It	Element 1: Bankruptcy -Reduced purchasing power   Element 2: Supply shortage -Higher prices for products in the market	Element 1: Decreases the demand in the market, leading to a reduced economic flow.   Element 2: Household earnings have reduced due to a shortage of supply in the market, leading to increased prices and reduced sales in the market.
Deni (2020)   The United States and the Transatlantic Relationship	Element 1: Leakage in the supply equilibrium -Reduced exports   Element 2: Infrastructure -Privatize state-owned assets	Element 1: the results imply that countries cannot increase their revenue through exports, hence an unstable supply and demand equilibrium. Element 2: The development of infrastructure and technology hid the state-owned assets to reduce debts
Carreno, Dolle, Medina, and Brandenburger (2020)   The Implications of the COVID-19 Pandemic on Trade	Element 1: Export control -the difficulty of assessing essential goods   Element 2: Tax rates -Increase in taxes	Element 1: It is difficult to trade due to legal measures that aim at controlling the boundaries of countries against the spread of the virus. Element 2: Increases in taxes are influenced by strict conditions that aim to ensure that essential goods and services across the borders of nations.
Moti and Goon (2020)   Novel Coronavirus Disease: A delicate balancing act between health and the economy	Element 1: Demand -Demand decreases	Element 2: the pandemic has led to an economic shutdown due to decreased consumer demands in the market
Moagar-Poladian (2020)   The Coronavirus COVID-19 Pandemic Crisis and its Impact on the EU Economy	Element 1: GDP -Increasing burden on the budgetary deficit. -Increased debts.   Element 2: Exports -Reduced exports	Element 1: the increasing burden on budgetary deficit increases nations’ debts as they seek to balance their annual expenditure.   Element 2: reduced exports decrease the revenue of countries, hence a decrease in the GDP.

 

In the table above, information from the articles was separated into two criteria: the economic evidence under the COVID 19 pandemic and its implication. In the segment for the article, there are five articles which are associated with the topic “Implications of the COVID 19 Pandemic on Trade.” For each article, I will show the economic evidence under the COVID 19 pandemic and its implication.

Discussion

Various implications from the literature review and results dictate several insights concerning the research on the impacts of COVID-19 on the US economy. The study’s hypothesis dictates that the substantive effect of COVID-19 relates to an abrupt economic shock, disruption, and government’s response capability to the crisis. The connection of this suggestion to the research outcomes yields significant insights about the highlighted concerns. Therefore, the assessment of the results depicts central themes that address the impacts of COVID-19 on the US economy. The topics include bankruptcy, supply and demand, and export control.

Concerning bankruptcy, Jean (2020) describes the trends of decreasing market demands and their effect on reducing economic flow. On the same note, Moagar-Poladian (2020) demonstrates the increasing budgetary deficit that necessitates authorities to secure loans. Other than increasing the nation’s debt margins, such implications agree with the notion of rising governments inconsistencies in handing COVID-19, economic shock, and disruption. Successful trade transactions are the primary sources of subsidies for infrastructural development in the country. Therefore, seeking other income sources to mitigate the virus crisis enhances debts and paralyzes other critical operations in the country.

About supply and demand, Jean (2020) highlights the existence of supply shortages caused by sales reduction and increasing prices in the markets. Still, Deni (2020) describes irregularities in the supply curve because of decreasing income for the exports. Moti and Good (2020) ties the two implications to economic shutdown resulting from the downward progress of market demands. As such, these insights correlate to the study’s thesis that COVID-19 is the primary cause of economic shock and disruption of typical trends in the market. The irregularities in the supply and demand trends also correspond t the current outcomes also concur with difficulties in the government’s ability to respond to the COVID-19 crisis.

Concerning export control, Carreno, Dolle, Medina, and Brandenburger (2020) emphasizes the difficulty of enhancing complete transactions in the trade because of the intensified legal measures. The policy reinforcements target the control of local, regional, and international boundaries to mitigate the spread of COVID-19. On the same note, Carreno, Dolle, Medina, and Brandenburger (2020) suggests that this strategy relates to increased taxes for essential goods. Moagar-Poladian (2020) connects this situation to reduced exports that decrease Gross Domestic Product (GDP) in the US. As such, these insights concur with the study’s hypothesis on COVID-19 as the vital cause of economic shock and the government’s constraints in handling the crisis. Countries’ principal source of income is the GDP. Therefore, issues affecting the regular flow of GDP trigger deficiencies in the allocation of substantial capital in essential sectors of the country.

 

Limitations and Implications

Enter the Limitations and Implications section here.

 

Conclusion

Enter Conclusion section here.

 

 

 

References

Roser, M. et al.  “Coronavirus Pandemic (COVID-19).” Our World in Data, 2020. ‘https://ourworldindata.org/coronavirus’ [Online Resource]

Long, H. (2020). Small business used to define America’s economy. The pandemic could change that forever. https://www.washingtonpost.com/business/2020/05/12/small-business-used-define-americas-economy-pandemic-could-end-that-forever/

Merrefield, C. (2020). Economic earthquake: Consumer spending in the wake of the coronavirus pandemic – Generocity Philly. https://generocity.org/philly/2020/04/21/economic-earthquake-consumer-spending-in-the-wake-of-the-coronavirus-pandemic/

Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., … & Agha, R. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A Swanson, A. (2020). review. International Journal of Surgery, 78.

Ozili, P. K., & Arun, T. (2020). Spillover of COVID-19: impact on the Global Economy. Available at SSRN 3562570.

Swanson, A. (2020). Global Trade Sputters, Leaving Too Much Here, Too Little There. Retrieved 13 June 2020, from https://www.nytimes.com/2020/04/10/business/economy/global-trade-shortages-coronavirus.html

Carreno, I., Dolle, T., Medina, L., & Brandenburger, M. (2020). The implications of the COVID 19 pandemic on trade. European Journal of Risk Regulation: EJRR, 11(2), 402-410. http://dx.doi.org/10.1017/err.2020.48.

Deni, J. R. (2020). The United States and the transatlantic relationship. Geostrategic Net Estimate, 50(2), 19-26. https://search.proquest.com/docview/2412999923?accountid=191554.

 

Jean, S. (2020). How the COVID 19 pandemic is reshaping the trade landscape and what to do about it. Leibniz Information Centre for Economics, 3, 135-139. https://creativecommons.org/licenses/by/4.0/.

Moagar-Poladian, S. (2020). The Coronavirus COVID-19 Pandemic Crisis and its Impact on the EU Economy. Global Economic Observer, 8(1), 7-10. https://search.proquest.com/docview/2413576562?accountid=191554.

Moti, U. G., & Goon, D. T. (2020). Novel coronavirus disease: A delicate balancing act between health and the economy. Pakistan Journal of Novel Medicine Science, 36(COVID19-S4), 34-37. https://search.proquest.com/docview/2413712291?accountid=191554.

 

COVID-19 Impact on US Economy

I need you to complete the following (4) bold parts for the research paper based on my TOPIC:

 

1. In the Abstract part
2. Summary of the whole paper
3. One (single) paragraph; unique: not indented
4. It has betw/ 150 to 250 words
5. Keywords:
   • One word
   • Enter the Keywordson a new line
   • Indent & Italics the word Keywords; followed by “:”
   • Example: Keywords:word1, words2, etc….
   • Five (5) keywords
6. Subsections of the Abstract:

 

* Background Information on the Problem

* The Objective of the Study

* Method Used

* Interpretation of the Results

* Conclusion & Recommendations for Future Research

 

Example:

Background: The temporary protective status (TPS) is a document granted by USCIS to eligible nationals of certain countries, who are already in the US. It was granted to the Haitian community after the earthquake back in 2010 Objective: The purpose of this study is to explain why Haitian with TPS should be granted a green card. Method: For this research study, a meta-analysis method was used. Various data relating Temporary Protected Status (TPS) were collected and specifically sorted. The information was compared to a narrow path regarding solely to the Haitian community. Results: TPS has received many extensions over the past ten years; now it is just a question of when the US government will close their eyes on the Haitians people. This uncertainty causes many fears in the community. Conclusion: The research will help know whether Haitian in the US with TPS will get a green card and which way. Furthermore, this study will help a lot of Haitian living in USA, also those that might come temporarily to know the stress they will be facing. Recommendations: It is recommended that future research be done to collect more information on legalization like asylum, family-based citizenship through USCIS, and conduct quantitative-qualitative studies on the same topic.

          Keywords: temporary protective status, Haitian community, immigration, government legislation, green card for Haitians

 

 

 

1. Limitations & Implications
2. Limitations 1: databases, keywords, language, time of publication, peer-reviewed studies, limited sources, access to full text
3. Limitations 2: topic, samples used in outside sources
4. Implications on the outcomes/results
5. One well developed paragraph

In order to complete this session LIMITATIONS AND IMPLICATIONS, you have to use as a guide my method part,

The Research Method adopted for the subject COVID-19 Impact on U.S. Economy was a meta-analysis. The researcher utilized the Virtual Library presented by MRU, LIRN (Pro Quest Central) (Research Library: Science & Technology) databases were used. The use of the primary keyword was “COVID 19” and “Economy,” by choosing the part advanced search to guarantee that enough information was obtained. To narrow it down, the researcher selected only full text with abstract available, and sources within the minimum five years, with English as language. The researcher got a result of five hundred twenty-one articles available. Nevertheless, only five items were picked because some were not relevant to the topic, and the others were too short in pages.

 

Example

Strategies to teach 1st grade Math to Autistic Children.

 

Here is her method

 

Using the research method of data analysis, multiple articles were reviewed for relevant information. To complete the research, the researchers used the data library EBSCOhost available online to find relevant peer-reviewed articles. The researcher used search terms “autism spectrum disorder”, “teaching children with ASD”, “neuro-typical learning vs. ASD learning”. The search terms were entered into the search method and the articles that resulted were analyzed by the researchers. The researchers narrowed search terms to include only articles published between 2015 and 2020 and ensured that the articles were published in either the English language or Spanish language. Finally, the researcher also ensured that the publications were available in full PDF documentation, with an abstract, and were peer-reviewed articles. This search resulted in five articles, and only two were selected to be included in the research. The other three articles were not relevant enough to provide adequate information on the topic.

 

A second search was done for articles. This search was done using data-based resources LIRN and also EBSCOhost. In this secondary search, the search terms “ASD education”, “autism spectrum disorder teaching methods” and “ASD vs. Mainstream learning” were used. The search was restricted to articles published between 2015 and 2020, with an abstract available and peer-reviewed. The researchers restricted the search results to be only those articles that were published in English and in Spanish. This second search resulted in 15 articles. Of these 15 total articles that resulted, only three articles were selected and the other 12 articles were discarded. These articles were discarded because they were not relevant to the topic or did not meet the criteria being used for this research.

 

Limitation and Implications

 

The understanding of a home and classroom component required for effective engagement with first-grade math lessons is universal throughout the analyzed data (Maneta, 2018). The limitations of the research carried out on the strategies by which first-grade math can be best taught to children with Autism Spectrum Disorder (ASD) sits primarily with the lack of real-world engagement and information gathering. The literature review and data analysis that provided this research methodology did lack face-to-face engagement for the researcher with students and relevant teachers and family members directly. The implications of these limitations are that the data analyzed does not necessarily tell the full story about how math concepts can best be communicated to children with autism. Broadly speaking, however, the importance of individualized instruction and strategies cannot be overstated (King, Lemons, & Davidson, 2016).

 

Another example: Limitation and Implications

Benefits of Physical Activity to Prevent Alzheimer in the Geriatric Population

 

The two major limitations of the study include limited resources from the international databases and a lack of standard criteria dedicated to researching the topic. There are limited numbers of research that address this study’s keywords, such as the geriatric population, directly. Most studies do not emphasize a specific targeted population, which may lead to questionable results for the referenced group that is the population at and above 65 years old. Additionally, the use of different research criteria in implementing interventions targeting elderly Alzheimer disease patients’ results in heterogeneity in the studies. These limitations resulted in implications such as, insufficient evidence, which would ascertain that physical activities improve cognition, and, as a result, prevents Alzheimer’s disease. Moreover, the studies did not provide specificity on the type of exercise required and its association with a health outcome, such as cognition. Regardless, the database search revealed relevant research, which affirmed the importance of physical activity on the geriatric population in preventing Alzheimer’s disease.

 

Her method is this one

A meta-analysis was used to complete the research and demonstrate the benefits of physical activity to prevent Alzheimer’s in the geriatric population. The researcher used the Virtual Library provided by MRU, and the EBSCOhost, NCBI, and JAMA databases were used. To ensure that sufficient information was found, MEDLINE Complete and CINAHL Complete were selected. In addition, advanced search and the following keywords “effect of physical activity” and “Alzheimer’s disease” were used. To narrow it down, the researcher used only full text with abstract available, researches within the five last years, and English as language. The researcher gets a result of fifteen articles available. However, only six articles were selected because some of them were no relevant to the topic, and the others were not available.

 

 

 

• Conclusion

1. Summary based on the Results you found
2. Provide Recommendationsfor future research
3. One well developed paragraph

 

1. References
2. Organized them correctly

 

1. BUT NOT USING THE WORDS “Retrieved from”

 

I DON’T NEED ANY SOURCES CAUSE I ALREARY HAVE IT