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Essay / Research Paper Abstract
The economy is examined in this 12 page paper which includes a number of charts and focuses on several indicators. Variables such as the unemployment rate, the GDP, and the CPI are examined. Speculation as to the future of the U.S. economy is also explored. Bibliography lists 12 sources. Eco
Page Count:
12 pages (~225 words per page)
File: D0_Ecoword.doc
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Unformatted sample text from the term paper:
has prompted the consumer to explore the economic world. In doing so, they often ask where the economy is headed. That is a basic, and critical question. However, there are
specific indicators that can be of particular interest to one person or another dependent on what they have invested in the economy. Some of the answers to questions about
the future lie in things such as the "Index of Leading Economic Indicators." While such indexes are discussed at cocktail parties, their actual components seem mysterious to many. The
Index highlighted above has 11 weighted components that help in predicting upturns and downturns in the business cycle; this indicator is a composite index and and provides general information
in terms of where the economy is headed (Charles 78). Such barometers are unlike individual signs of economic performance such as the unemployment rate, personal savings rate, federal government purchases,
consumer prices, or current interest rates (78). It works by providing a series of measures to show and predict average behavior for a different group of "economic time series" (78).
In other words, each measures a "series" of values over time for various economic activities or components (78). There are 11 components in all which make up the indicator; they
are average weekly hours of manufacturing production (work week), average weekly unemployment claims, manufacturers new orders for goods and materials, vendor performance, contracts and orders for new capital-enhancing equipment,
new private housing counted by building permits, change in manufacturers unfilled orders, a change in sensitive (raw) material prices, stock prices, the money supply, and consumer confidence (78). By
using an eclectic group of financial statistics, one can get a good idea as to where the economy is headed. Whatever indicator is used, Robert J. Eggert Sr. says
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