This assignment is aligned to this course outcome: Apply macroeconomic concepts to current and personal economic events and decisions. In addition to writing about macroeconomic concepts, it's equally important to be able to convey your understanding of these concepts by communicating them to others. In the workplace you might do this by writing briefs (like you did for Assignment 1), creating presentations, or writing reports for your manager or team. An example final report and optional template are provided below. For this Final Report assignment, you can build off your previous economic brief and selected industry from Assignment 1, or you can select another industry such as Finance and Insurance, Health Care, or Manufacturing, and examine one of the macroeconomic indicators or policies below: GDP growth Unemployment rates Inflation rates Interest rates Imports and exports Government fiscal policy and issues related to taxation, government spending, and budget deficits FED (central bank) monetary policy and issues related to the FED’s mission to stabilize the economy Use Microsoft Word to prepare a Final Report that is a minimum of two to three (2-3) pages long in which you: 1. Introduce your selected industry with a brief one-paragraph introduction. Refer to the NAICS (North American Industry Classification System) to review the details about your industry. 2. Assess your selected industry’s size and/or growth rate in the economy. These macroeconomic resources will help you find the size and growth rate of your industry relative to real U.S. GDP: • Real GDP – Select Section 1, then table 1.1.6 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov). • % Change in Real GDP – Select Section 1, then table 1.1.1 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov). • GDP by Industry – Steps: 1. Select "Interactive Data." 2. Select "Industry Data Tables." 3. Select "Begin Using the Data." 4. Select "Gross Output by Industry." 5. Select "Real Gross Output by Industry (A) (Q)." 6. Select “Quarterly” or “Annual.” 7. Select "Next Step." Data is from Bureau of Economic Analysis (bea.gov) . • % Change in GDP by Industry - Steps: 1. Select "Interactive Data." 2. Select "Industry Data Tables." 3. Select "Begin Using the Data." 4. Select "Gross Output by Industry." 5. Select "Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry (A) (Q)." 6. Select “Quarterly” or “Annual.” 7. Select "Next Step." Data is from Bureau of Economic Analysis (bea.gov) . 3. Identify one newsworthy macroeconomic indicator or policy (e.g., GDP, unemployment, inflation rates, interest rates, government taxation and spending decisions, and/or FED decisions) that the industry should monitor and explain why it’s important and how it might impact your selected industry. These resources are available to he.

1. This assignment is aligned to this course outcome:
Apply macroeconomic concepts to current and personal
economic events and decisions.
In addition to writing about macroeconomic concepts, it's
equally important to be able to convey your understanding of
these concepts by communicating them to others. In the
workplace you might do this by writing briefs (like you did for
Assignment 1), creating presentations, or writing reports for
your manager or team. An example final report and optional
template are provided below.
For this Final Report assignment, you can build off your
previous economic brief and selected industry from Assignment
1, or you can select another industry such as Finance and
Insurance, Health Care, or Manufacturing, and examine one of
the macroeconomic indicators or policies below:
GDP growth
Unemployment rates
Inflation rates
Interest rates
Imports and exports
Government fiscal policy and issues related to taxation,

2. government spending, and budget deficits
FED (central bank) monetary policy and issues related to the
FED’s mission to stabilize the economy
Use Microsoft Word to prepare a Final Report that is a
minimum of two to three (2-3) pages long in which you:
1. Introduce your selected industry with a brief one-paragraph
introduction. Refer to the
NAICS (North American Industry Classification System)
to review the details about your industry.
2. Assess your selected industry’s size and/or growth rate in the
economy.
These macroeconomic resources will help you find the size and
growth rate of your industry relative to real U.S. GDP:
•
Real GDP
– Select Section 1, then table 1.1.6 (select MODIFY to change
the year range and frequency).
Data is from Bureau of Economic Analysis (bea.gov).
•
% Change in Real GDP
– Select Section 1, then table 1.1.1 (select MODIFY to change
the year range and frequency).
Data is from Bureau of Economic Analysis (bea.gov).
•
GDP by Industry
– Steps:

3. 1. Select "Interactive Data."
2. Select "Industry Data Tables."
3. Select "Begin Using the Data."
4. Select "Gross Output by Industry."
5. Select "Real Gross Output by Industry (A) (Q)."
6. Select “Quarterly” or “Annual.”
7. Select "Next Step."
Data is from Bureau of Economic Analysis (bea.gov)
.
•
% Change in GDP by Industry
- Steps:
1. Select "Interactive Data."
2. Select "Industry Data Tables."
3. Select "Begin Using the Data."
4. Select "Gross Output by Industry."
5. Select "Percent Changes in Chain-Type Quantity Indexes for
Gross Output by Industry (A) (Q)."
6. Select “Quarterly” or “Annual.”
7. Select "Next Step."
Data is from Bureau of Economic Analysis (bea.gov)

4. .
3. Identify one newsworthy macroeconomic indicator or policy
(e.g., GDP, unemployment, inflation rates, interest rates,
government taxation and spending decisions, and/or FED
decisions) that the industry should monitor and explain why it’s
important and how it might impact your selected industry.
These resources are available to help you measure and track
macroeconomic indicators and outcomes of macroeconomic
policies.You’ll use one or more depending on the
macroeconomic indicator selected.
•
Unemployment rates
–
Data is from Bureau of Labor Statistics (bls.gov)
.
•
Inflation rates
as measured by the Consumer Price Index (CPI).
Data is from Bureau of Labor Statistics (bls.gov)
.
•
% Change in Real Exports and Imports
- Select Section 4, then table 4.2.1. (Select MODIFY to change
the year range and frequency.)
Data is from Bureau of Economic Analysis (bea.gov)
.
•
Government receipts, expenditures, and savings
– Select Section 3, then table 3.1 for total government and
table for 3.2 for federal government. (Select MODIFY to change

5. the year range and frequency.)
Data is from the Bureau of Economic Analysis (bea.gov)
.
•
FED Funds Interest Rates
.
Data is from Trading Economics (tradingeconomics.com)
.
4. Describe a recent trend in the macroeconomic indicator or
policy. Include a graph, chart, or table that illustrates the
observed trend.
5. Summarize how you think this industry will perform in the
future. Provide support for your rationale.
Your brief should include a cover page.
Your brief should be a minimum of two to three (2-3) pages in
length (not including the cover page), double-spaced, 12-point
font.
Your report should include a minimum of two (2)
references/citations in the text.