Abstract

The COVID-19 pandemic has resulted in over 123 million confirmed cases and over 2.72 million deaths globally. It has also led to economic crisis and recession in many countries around the world. Lockdown measures have led to a reduced workforce across all economic sectors and caused many jobs to be lost. On the other hand, the demand for medical supplies has significantly increased. Using statistical methods, we create regression models to help make more meaning of US economic data gathered. In response to this global outbreak, this paper analyzes the economic impact of COVID-19 on the US economy looking at the labor market, unemployment , different components of GDP, government intervention and the extent to which the government has been of aid to its citizens.

Advisor

Kelvey, Robert

Department

Mathematics

Disciplines

Categorical Data Analysis | Data Science | Macroeconomics | Statistical Models

Publication Date

2021

Degree Granted

Bachelor of Arts

Document Type

Senior Independent Study Thesis

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