StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Economic Indicator Paper - Essay Example

Cite this document
Summary
The Real Gross Domestic Product differs from the Nominal Gross Domestic Product, in that the former quantifies the total value in relation to the prices of a…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.9% of users find it useful
Economic Indicator Paper
Read Text Preview

Extract of sample "Economic Indicator Paper"

Download file to see previous pages

For instance, the prevailing value of the American Real GDP, when calculated in relation to the year 2000 is approximately 12,000 billion dollars. GDP is a leading economic indicator and it usually rises before an upturn in real GDP and falls before a downturn in real GDP. Real GDP is also quite handy when it comes to predicting changes in the housing industry in the immediate future. Alongside such indicators as stock prices, average weekly hours worked in industries and housing starts, the trends set by real GDP can have a bearing on the overall health of the housing industry.

Housing starts are defined as the number of residential units on which construction is started every month. Housing starts are a key economic indicator that determines the health and future direction of the Housing industry. Usually though, an increase in housing starts indicates an increase in economic growth. The following chart published by the U.S.Bureau of the Census gives a historical perspective of housing starts. According to a credible industry expert, “housing starts fell to six percent in August of 2007 to a seasonally adjusted annual rate of 1.

665 million, while permits fell 2.3 percent from July and for the seventh consecutive month to a 1.722 million level. The August 2006 permit level was the lowest in 4 years. The month-over-month August starts decline occurred in both the single-family (-5.9%) and multifamily (-6.7%) sectors and in three out of the 4 Census regions, the exception being the Northeast”. These statistics mean that the housing industry is slated for a slowdown in the near future. Furthermore, with fears of an impending recession of the general economy, housing industry is also set to suffer to the extent.

Mortgage is a loan given to an individual or a corporation on the basis of the value of a house, building or any other

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economic Indicator Paper Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Economic Indicator Paper Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/miscellaneous/1545021-economic-indicator-paper
(Economic Indicator Paper Essay Example | Topics and Well Written Essays - 750 Words)
Economic Indicator Paper Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/miscellaneous/1545021-economic-indicator-paper.
“Economic Indicator Paper Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/miscellaneous/1545021-economic-indicator-paper.
  • Cited: 0 times

CHECK THESE SAMPLES OF Economic Indicator Paper

If you invest $20 million in China

In this paper, the potential and risks of investing $ 20 million in China are investigated, based on the country's macro and microeconomic indicators.... Another significant macroeconomic indicator for determining investment decision in a country is the trend in inflation rate.... Inflation trends in China however offer a good indicator because it has conveyed a decreasing trend.... The macroeconomic indicator defines percentage change in a group of commodities' weighted prices and is related to inflation....
4 Pages (1000 words) Research Paper

Economy in India

I, in this paper, discuss the economy of India through exploring the country's macroeconomic indicators.... An example of an economy is the economic system of a nation that operates under the nation's government and its agencies and has organizations for manufacturing and distribution of resources, and consumers as stakeholders.... economic indicators Macroeconomics defines larger aspects of an economy.... Gross domestic product Gross domestic product is the monetary value of the amount of goods and services that a country produces within an economic period, normally a year....
5 Pages (1250 words) Term Paper

Financial Crisis 2007-2009 and Its Impact on the GCC Countries

This paper investigates the severity of the impact on the GCC market.... This paper aims to analyse the degree of impact on the GCC countries.... In this context, the paper will specially analyse the situation in Qatar and other GCC countries.... Introduction In the year 2008 and 2009, the global economy was rocked by the financial crisis which was considered as the most devastating economic event, after the Great Depression in 1930s....
15 Pages (3750 words) Term Paper

Term paper For economic's The Business Cycle

The paper discusses the business cycle in the context of economic activity.... The recession which is the defining part of a business cycle has been explored in this paper.... Some leading economic indicators such as: unemployment rate, labor cost index, commodity prices, change in business inventories and work productivity that predict the future health of economy have also been explored in the paper.... The stock market only acts as mirror that corrects beliefs of people about what may happen in the economy, but can not be said to be a certain indicator of economy....
8 Pages (2000 words) Term Paper

The UKs Current Debt Situation

The paper 'The UK's Current Debt Situation' focuses on 2007 which was the year when world markets officially went into recession as the major developed markets of the world experienced the economic crisis.... GDP started to slide in countries like the US and UK.... hellip; This created uncertainty within the markets and increased the overall risk premium which was charged on the rates of return on various instruments including stocks and other securities....
8 Pages (2000 words) Term Paper

State of current US Economy

It assesses the Fed monetary policy and explains the causes of the sluggish economic growth in the aftermath of the Great recession.... This dramatic rise in the growth is more than twice the economic The rise in growth is primarily due to the contribution of positive factors such as increase consumption, increased volumes of exports and growing in domestic investments.... Under normal economic circumstances, the economy should be able to encourage a high participation of the labor resources....
4 Pages (1000 words) Term Paper

Metro of San Antonio

In addition, the metro are has adjacent counties, which consist of high extent of social and economic incorporation.... The primary purpose of the statistical data is to be used by the Federal statistical agencies.... A metro area consists of a core town area… It is imperative to note that several counties makes up of a single metro area....
5 Pages (1250 words) Research Paper

The United States Economy Forecast

This paper will predict the economic future of U.... hellip; In addition, the economic indicators provide a precise stand of what direction the economy has gone and where it is headed.... For nce, economic indicators illustrate when the economy falls like in a recession and when the economy grows like during economic development (Griffis, ch.... In economics, economists develop laws of economic behavior based on the presumption that states do not count, but markets do....
10 Pages (2500 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us