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economic indicators for auto industry

Compare and contrast at least two different, two-year forecasts from two separate sources, for the six different economic indicators listed below.

economic indicators for the auto industry:
1) Gross Domestic Product (GDP)
2) Unemployment rate
3) Consumer price index (inflation rate)
4) Auto sales
5) foreign exchange rates
6) oil & fuel prices

Solution Preview

The instructor has selected six economic indicators that are believed to be relevant to the auto industry and you are supposed to find these indicators from two different sources and compare their forecasts.
The indicators are:
1) Gross Domestic Product (GDP)
2008 is 14,280.7, 2007 is 14,031.2: Source http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp408a.pdf
Bureau of Economic Analysis.
December 2008 $14,488.5, August 2009 $14,714. Financial Forecast Centerhttp://www.forecasts.org/gdp.htm
The Federal Reserve expects a contraction of between 0.5 and 1.3 percent this year.
The Federal Reserve felt that the economy grew by 1.3 percent.
The Chief US financial economist at HIS Global Insight predicted that GDP will fall by 2.0 percent in 2009http://news.yahoo.com/s/afp/20090219/pl_afp/financeeconomyusbank

2) Unemployment rate
The Federal Reserve felt that ...

Solution Summary

economic indicators for auto industry are discussed in great detail in this solution.