Principles of Economics

1. Assess your selected industry’s relative size and growth rate in the economy.

2. Identify at least one newsworthy macroeconomic indicator or policy that is important for the
industry to monitor, e.g., GDP, unemployment, inflation rates, interest rates, trade policy,
government taxation and spending decisions, and/or FED decisions.

3. Explain why this macroeconomic indicator or policy is important and how it may impact your
selected industry.

4. Describe a recent trend in the macroeconomic indicator or policy. Include a graph, chart, or table
that illustrates the observed trend.

5. Conclude with a forecast for the industry based on whether the trend identified in part 4 is
expected to continue. Provide support for your conclusion.

 

 

 

 

 

 

 

Sample Solution

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