PREDICTIONS FALL 1999
KUNGOK KONG & ELSA TSUI
Congratulations to Kungkok Kong and Elsa Tsui who are the winners with their predictions of a second quarter 2000 U.S. GDP growth of 4.6% and a June unemployment rate of 4.0%. Since the actual second quarter GDP growth was 5.2%, Kungkok and Elsa were accurate to within .6%. Twenty-one students correctly predicted the 4% unemployment rate for June 2000: Kambiz Ahadi, Faiza Anwar, Sharron Chen, Tony Cheng, Robert Chu, Kungkok Hong, James Hu, Jennifer Johnson, Jacqueline Kimani, Alexander Lee, Josephine Liang, Chi-Hou Lin, Daniel Liu, Elaine Park, Jeff Pham, Christine Reyes, Michelle Santiago, Elsa Tsui, Michael Voorhees,Yu-Wen Wang, and Victoria Webb. In comparing the predicted GDP growth rates to the actual rate, most students tended to underestimate the strength of the economic expansion. Elsa and Kungkok each won two gift certificates to Edwards Imax theaters.