Principle Economic Indicators Essays - National Accounts

Principle Economic Indicators The million (or should we say 'billion' now) dollar question is whether or not the United States' economy will stay in it's record 107 month expansion (according to the index of leading indicators) or come out of the boom and take a downturn into a recession. Nobody, including the Chairman of the Federal Reserve, Alan Greenspan has a crystal ball to provide insight as to what will happen if interest rates are raised, lowered, or left alone. However, Economists have developed a set of indicators to aid in predicting when a recession is about to occur and when the economy is in one. Indicators should not be mistaken for predictors. They are simply forecasting tools, and like any forecast can be misleading. The index of leading indicators that is reported in the popular press shows our economy is still in an expansion. For the purposes of our evaluation of the economy, we chose the Principle Economic Indicators tracked by the Bureau of Economic Analysis and the U.S. Census Bureau under the Economics and Statistics Administration at the U.S. Department of Commerce. There are thirteen Principle Economic Indicators, and they fall into five major categories: National Output and Income; Orders, Sectoral Production, and Inventories; Consumer Spending; Housing and Construction; and Foreign Trade. National Output and Income The first of the five major categories directly relates to measuring the growth of the U.S. economy. National Output and Income consists of the Gross Domestic Product (GDP), Personal Income, and Corporate Profits measurements. GDP is the primary measurement of growth and measures the total amount of goods and services produced by governments, businesses, people, and property located within the United States. Both real (adjusted for inflation) and nominal (current value in dollars) data is collected for computing the GDP. The base year for the real data is 1997. The GDP is normally reported as an annualized quarter-to-quarter change. The reason this measurement is vital to tracking the growth of the U.S. economy is self-explanatory. When the economy is growing, both total income and total output are increasing. Furthermore, a steady increase in the GDP is healthy for the economy. According to the U.S. Department of Commerce, U.S. economic output has grown at an annual rate of 2.5 to 3 .5 percent since 1890. The preliminary estimate of GDP in the fourth quarter of 1999 rose at a 6.9 percent annual rate, which is the strongest gain since a similar increase in mid-1996. This is an increase from the initial estimate of 5.8 percent and is consistent with the expectations of analysts. It is also a reflection of the widespread upward increases among the major spending components, including consumer spending, goods exported, and state and local government spending. In the third quarter of 1999, GDP rose 5.7% as a result of increases in Personal Consumption Expenditures, nonresidential fixed investment, and exports. Personal Income is a measurement of total pretax income earned by individuals, non-profit organizations, and private trust funds. It is expressed at an annual rate also. The more Personal Income increases the greater the potential for the American people to spend and save money, which directly influences the growth of the U.S. economy. Personal Income rose .7 percent in January, following an increase of .3 percent in December. The average monthly increases in 1999 were .5 percent. Some extenuating factors affected income in recent months, including cost of living increases in federal transfer payments, a federal pay raise, and agricultural subsidy payments in January. Real disposable income, income after taxes and adjusted for price changes, increased by .7 percent. There was no change in December. The individual personal saving rate rose from 1 percent in December, which was its low, to 1.4 percent in January. Savings rates generally go down in the months October through May due to Holiday spending (includes paying off credit cards). There are two methods in which Corporate Profits are reported by the government. Tax-based profits are derived from corporate tax returns, and adjusted profits reflect earnings from current production. Just as increases in Personal Income are vital to the growth of the U.S economy, increases in Corporate Profits are just as important on an even larger scale. The greater the profits, the more

Learning From NatureEssay Sample

Learning From NatureEssay SampleAn essay or report may be a hard thing to write, but with some assistance from an essay sample, it can be even harder. Because of this, you should always keep one thing in mind when you are writing any kind of essay or report. In this article, we will discuss what your essay sample should contain and the resources that you can use to make it more enjoyable.First of all, when you are looking for a guide to writing an essay or report, do not forget to look at the many resources that are available, such as the nature essay sample review. These resources should not only show you how to write an essay, but they will also help you develop your own style. One of the best ways to get an idea of how the essay sample should be written is to read a sample that you like. This is because you can easily see if the style of writing that you like will work well with the tone of the essay sample or if the reader will find it annoying.When you are looking for a sample t o start with, you should always consider the types of topics that you are dealing with. Because these topics have different themes, the essay sample that you use should help you get an idea of the type of topics that you will be dealing with. You should also think about whether or not you want a report, an essay, or a thesis based on this topic. Since the nature of an essay can be very broad, there is no right or wrong answer for this question. But you should definitely choose the right kind of writing that will fit the theme of the essay or report.When you are thinking about a topic for your essay sample, you should also think about the direction that you want to take with the essay. For example, if you choose to use nature as a theme, you will have to include many different elements in your essay. For example, you might choose to use illustrations, audio clips, and music to help the reader get involved in the information that you are including. You should also make sure that the a udience is going to get to learn something. This means that the essay sample must be very engaging and interesting, but it must also contain facts and information that will benefit the reader.Because writing can be such a daunting task, you should also take the time to find out what type of writing you like best. This will help you in choosing an essay or report that is appropriate for you. If you enjoy descriptive writing, then you will most likely enjoy creating an essay that will tell the reader just how they should feel when reading the piece. If you like essays that are very detailed, then you should learn how to create an essay that is very readable and informative at the same time.Writing is not just about writing. While that is one aspect of the writing that everyone should focus on, it is also important to understand that the type of writing that you enjoy most can have a big impact on the way that you will handle your writing. If you enjoy writing stories, then you should also enjoy knowing how to write an essay that is great for a class project. You should also take the time to study what types of stories are best for your personal needs.As long as you are a good writer, you should feel that you can manage a few people who are willing to critique your writing. If you are worried about this, you should know that your writing can be helped by the group of people that you will work with. If you do not feel comfortable about working with a group of people, then you should know that a nature essay sample is perfect for this.Writing is an important skill to have, so make sure that you make time to study. Reading from an essay sample can help you learn about what you need to know about writing an essay or report.