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Essay / Research Paper Abstract
A 9 page paper examining three forecasts for each of 5 economic indicators and then relating those findings to the medical industry. The bottom line in nursing is that (1) currently active, practicing nurses have a wealth of opportunity available to them; (2) the profession is attracting greater interest among would-be students who could help ease the shortage in the future; but (3) the ongoing shortage has been in effect for so long that there is a shortage of nursing educators; and (4) those who could help ease the shortage cannot gain the training necessary for licensing. The situation is different for physicians and other health care professionals, but the bottom line for all is that demand for and costs of health care will continue to increase in the future. Bibliography lists 17 sources.
Page Count:
9 pages (~225 words per page)
File: CC6_KSeconMac2006.rtf
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Unformatted sample text from the term paper:
costs, increasing wage price pressures and continuing effect of 2005 hurricanes Katrina and Rita on the national supply of building materials all continue to have a direct effect on the
residential and commercial construction industries. As crude oil continues to break record per-barrel prices seemingly with each passing day, increasing fuel costs can be expected to continue to place
great pressure on inflation. The Federal Reserves response to inflation pressure no doubt will be to increase interest rates if it continues, which doubtless it will as China continues
to industrialize and place even greater pressures on world oil prices. All ultimately affect the medical industry. Economic Indicators For the present,
"Reports from all twelve Federal Reserve Districts generally indicated continued economic growth during June through mid-July, with numerous individual reports pointing to evidence that the pace of growth has slowed"
(Summary: The Beige Book, 2006), attributing fuel prices, rising interest rates and decline in the housing industry. GDP The Bureau of Economic Analysis
reports that "real GDP increased at an annual rate of 2.5 percent in Q2 2006" (Economy Slows in Second Quarter, 2006). "The Congressional
Budget Office forecasts that gross domestic product will grow by 3.6 percent after inflation (in "real" terms) this year and by 3.4 percent next year" (The Budget and Economic Outlook,
2006; p. 45). The Conference Board estimates that GDP will grow by 2.5 percent during the end of 2006 for annual growth of
3.2 percent (StraightTalk, 2006). It further expects growth in 2007 of 2.4 percent (StraightTalk, 2006). Unemployment The Bureau of Labor Statistics (BLS)
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