Economic Conditions Essay -- essays research papers

To analyze an saving, certain statistics can be used to predict the economys future. This is important because it helps prepare people for prosperity or hard times. Certain indicators can be used to determine the future of aggregate want and others can be used to determine aggregate supply. Using eight aggregate demand indicators and four aggregate supply indicators we developed a prospicience for the economy in the near future.Changes in aggregate demand are reflected in changes of GDP. To find valuable indicators of the future aggregate demand is to find statistics that certify about change in the components of GDP (C+I+G+Nx). Aggregate supply is influenced by the costs of production to producers and the advent of new or bankrupt factors of production and technologies. The indicators we chose as meaningful are also ones used by the Federal Reserve to determine interest rates, automatically validating them as important. The craftsmanship deficit is one of the aggregate demand statistics. It shows the balance between imports and exports of the United States. This is the Nx part of GDP. Recently imports have risen while exports have remained constant, making the make out balance more negative and draining GDP. Consumer Confidence is an important indicator of GDP. This is an exponent created to reflect the sentiment of consumers and how likely they are to spend. This is the C in GDP. The index of Consumer Confidence has fallen for a fourth month in a row and is at a four year low. This sharp...