(follow the guidelines and example provided) about the topic of bitcoins exponential growth. Develop a research question and explore this question throughout the assessment using graphs, references, etc… Should range between 12-16 pages which includes table of contents, title page, and work cited. Font Arial, Size 12pt, Justified
Refer to the example of the ia provided.International Baccalaureate:
Internal Assessment
Is the Economy Digging Its Own Grave?
Mathematics Standard Level
Table of Contents
_______________________________________________________________
Table of Contents……………………………………………………………….……….…… 1
1. Introduction………………………………………………………………..….……. 2-3
2. Analysis………..…………………………………………..……………….………. 3-10
2.1. Unemployment in the United States..…………………….………..….…….. 3-7
2.2. Private Debt of Consumers in the United States……………..……………. 7-10
2.3. Gross Domestic Product of the United States……….……..……….……. 10-13
3. Conclusion and Evaluation……………….……….………………..……….….…. 13-14
4. Bibliography…………………………………………………..…….……………. 14-15
_______________________________________________________________
1
Introduction
_______________________________________________________________
Do you ever fear another inexplicable economic disaster? According to the historical
background of economic disasters, it is not a thing that people would like to experience. My
fear is to experience a catastrophe like this, which inspired me into researching, and
understanding the mathematical reasons behind the economic crisis in order to get ready for
another crisis just like the one that happened in 2008.
For a brief explanation on the causes of the recession, housing prices fell 31.8 percent,
unemployment was above 9 percent, the interbank borrowing cost or libor increased, and 1
there was an exponential rise in private debt that led to a collapse in asset prices.
There were a few economists that predicted the recession or financial crisis back in
2008, and one economist explained how he predicted it. Steve Keen is an australian
economist who was part of the minority that predicted this crisis, and he voluntarily created
reports each month right before the economic collapse, warning people about what was about
to happen in the future. He claims that his conclusions mainly came from the gatherement of
data, and analysis from looking at public debt numbers of countries including the US and
Australia. This made me wonder about different ways of predicting a future recession, and
the idea of using more than one component to predict the future economic status of a country
sounded accurate, and workable.
I chose this topic to explore for my internal assessment because I am really concerned
about the economic status of my country and the rest of the world. This is a crucial matter
since this concern will impact my life, more specifically the consumption aspect of it. If an
economic disaster occurs in my country, the aftermath of it will have a huge influence on the
firms operating in Morocco. Mass unemployment will happen due the firms going bankrupt,
and less goods and services will be produced which will drive people’s consumption level to
decrease includinExploration (IA) score sheet ♦ IBDP Mathematics comments
score: _______ / 20
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