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Essay / Research Paper Abstract
This 11 page paper looks at three economic indicators of the US economy in May 2011, assessing how they may be interpreted. The three measures are consumer confidence, the risk of recession and personal income. The bibliography cites 1 source.
Page Count:
8 pages (~225 words per page)
File: TS14_TEUSmay11.doc
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Unformatted sample text from the term paper:
level of consumer confidence in the economy. The measure itself is made up of two elements; the level of confidence in the current conditions and the level of confidence regarding
future expectations. The measure is given as a score, with the index of 100 representing the consumer confidence levels in 1985. This is a measure based mainly on perceptions rather
than reality, so it is one of the least objective economic measures; but remains important due to the direct impact it has on consumer practices. During recessions there is
usually a low level of confidence, reflecting the financial difficulties which a recession has on the population. This is seen in the US in 2010. However, between September 2011 and
February 2011 there was a gradual increase in the level of consumer confidence in both elements of the measure. This is followed by an overall decline in March; reflecting a
decrease in confidence in future expectations only, the confidence in present conditions measure continued to increase. By April there was an increase in confidence in the future and the trend
demonstrating an increased confidence on current conditions continued. The current figures from the May 31st report shows a surprise decline, with the index falling from 66.0 in April, made
up of a 40.2 for the current conditions and 83.2 for future expectations to an overall index measure of 60.8 in May 2011 where both components have declined. There is
a small decline in the present conditions to 39.3 and a more pronounced decrease in future expectations to 75.2 (Dismal Scientist, 2011). The overall measure is shown in figure 1.
It is worth noting that there is a belief by the board that the confidence level will increase soon (Dismal Scientist, 2011). Figure 1 Conference Board Consumer Confidence June
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