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    For the Portfolio Project, I am required to conduct an analysis of a recent article, less then 5 months old and provide an evaluation and outcome expectations in a written response that discusses:
    I need assistance first

    * Locating an article ( example) that would meet the criteria below:
    ***A minimum of three general economic principles related to the article
    ***Identification of three to five macroeconomic indices
    ***Definition and explanation of the indices e.g., GDP, CPI, and other economic calculations

    Second, an example of how to best analyze the article including the following:
    ****Appropriate evaluation, decisions and forecasts that could be made from the information in the article.

    I need a suggested outline and suggested analysis and suggested article.

    © BrainMass Inc. brainmass.com October 7, 2022, 6:17 pm ad1c9bdddf
    https://brainmass.com/economics/macroeconomics/macroeconomics-discussion-553294

    SOLUTION This solution is FREE courtesy of BrainMass!

    Suggested outline and suggested analysis:

    I. Suggested article: Leading Index Signals U.S. Growth to Pick Up Into 2014
    II. General Economic indicators found in the article
    A. Real GDP
    B. Interest rates
    C. Consumer spending
    III. General Economic indicators found in the article
    A. Unemployment or Jobless benefits
    B. Stocks
    C. Labor Market
    IV. Appropriate evaluation, decisions and forecasts
    A. Using the historical data to forecast Real GDP, Interest rates, and Consumer spending for the next 10 years
    B. Testing Statistically the relationship of Real GDP to Consumer spending (Use Pearson product coefficient of correlation.)
    V. Conclusion
    VI. Recommendations

    Suggested article: Leading Index Signals U.S. Growth to Pick Up Into 2014

    Author: Jeanna Smialek

    Date published: August 23, 2013

    Source: http://www.economist.com/news/leaders/21583686-global-economy-gaining-momentum-only-america-acceleration-likely-last

    General Economic indicators found in the article:

    Real GDP
    Interest rates
    Consumer spending

    Notes:
    GDP or Gross Domestic Product is the monetary value of all goods and services produced within a country in a given period of time.

    Real GDP is defined as a measurement of the economic output of a country minus the effect of inflation. The formula for real GDP is nominal GDP divided by the deflator (Amadeo, 2013).

    The interest rate is the yearly price charged by a lender to a borrower in order for the borrower to obtain a loan. This is usually expressed as a percentage of the total amount loaned (Moffat, 2013).
    Good and services bought by households in the satisfaction of their needs and wants. It includes non-durables such as food, semi-durables such as clothing, and durables such as refrigerators (WebFinance, 2013).

    Macroeconomic Indices found in the article:
    Unemployment or jobless benefits - these are expenses made by the government for those without jobs.
    Stocks - are proof of ownership that earns periodic interests.
    Labor market - the availability of workers or personnel or manpower available for work.

    Appropriate evaluation, decisions and forecasts that could be made from the information in the article:

    Note: You can forecast these economic indicators (Real GDP, Interest rates, Consumer spending).

    Actual U.S. Real GDP data for the past ten (10) years can be sourced out from http://www.multpl.com/us-gdp-inflation-adjusted/table.

    A more comprehensive data on US GDP can be accessed at US Department of Commerce, Bureau of Economic Analysis, "Current-Dollar and 'Real' Gross Domestic Product", [http://www.bea.gov/national/index.htm#gdp] (access date: August 27, 2013).
    (A file entitled "US real GDP yearly data.xls" is attached.)

    On U.S. interest rates, you can access US Department of Commerce, Bureau of Economic Analysis, http://www.bea.gov/national/xls/mortfax.xls.
    (A file entitled "Mortgage interest rate yearly data.xls" is attached.)

    On Consumer Spending, you can access US Department of Commerce, Bureau of Economic Analysis, http://www.bea.gov/iTable/iTable.cfm?reqid=9&step=1&acrdn=2#reqid=9&step=3&isuri=1&903=64.

    (A file entitled "Consumption expenditures 2011 to 2013.xls" is attached.)

    References:

    Amadeo, Kimberly (2013). Real GDP. Retrieved on August 27, 2013 from http://useconomy.about.com/od/grossdomesticproduct/p/Real-GDP.htm.

    Moffat, Mike (2013). What are Interest Rates? Retrieved on August 27, 2013 from http://economics.about.com/cs/studentresources/f/interest_rate.htm.

    Smialek, Jeanna (2013). Leading Index Signals U.S. Growth to Pick Up Into 2014. Retrieved on August 27, 2013 from http://www.economist.com/news/leaders/21583686-global-economy-gaining-momentum-only-america-acceleration-likely-last.

    US Department of Commerce, Bureau of Economic Analysis, "Current-Dollar and 'Real' Gross Domestic Product", [http://www.bea.gov/national/index.htm#gdp] (access date: August 27, 2013).

    US Department of Commerce, Bureau of Economic Analysis, [http://www.bea.gov/national/xls/mortfax.xls] (access date: August 27, 2013).

    US Department of Commerce, Bureau of Economic Analysis, [http://www.bea.gov/iTable/iTable.cfm?reqid=9&step=1&acrdn=2#reqid=9&step=3&isuri=1&903=64] (access date: August 27, 2013).

    WebFinance (2013). Consumer Spending. Retrieved on August 27, 2013 from http://www.businessdictionary.com/definition/consumer-spending.html.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    © BrainMass Inc. brainmass.com October 7, 2022, 6:17 pm ad1c9bdddf>
    https://brainmass.com/economics/macroeconomics/macroeconomics-discussion-553294

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