Economic Principles – Macroeconomics

 For this final report assignment, you can  use the same industry you selected for the Week 3 assignment, or you  can select another industry.

• Prepare a 2–3 page final report in which you examine one of the macroeconomic variables below:
  • Real Gross Domestic Product (GDP).
  • The unemployment rate.
  • The inflation rate.

Instructions

Choose an industry that interests you. (Remember,  an industry is not a company. An industry is a group of companies doing  the same thing. Ford is a company. Automobile manufacturing is an  industry.)

1. Do research on your industry. In a few short paragraphs, describe your selected industry.
   • Be sure to write in your own words.
   • Identify the goods and/or services the industry provides.
   • Identify some of the major companies in this industry.
   • Add anything else about the industry that you think is interesting.
   • Keep track of your sources by copying their Internet addresses  (URLs). You can paste these URLs at the end of your paper as your  references.
2. Select one of three macroeconomic variables (real GDP, the  unemployment rate, or the inflation rate) that a businessperson in your  chosen industry should monitor, and explain why that variable is  important and how it might have an impact on your selected industry.
3. Describe in a sentence or two the important movements of the variable in the table and graph.
   • Excel tables and graphs are attached for each of the three  macroeconomic variables (real GDP, the unemployment rate, and the  inflation rate).
   • Review the Excel table and graph for the macroeconomic variable that you chose.
4. Summarize how you think this industry will perform in the future.
   • Be sure to provide support for your prediction of this future industry performance.
5. Your report should include a minimum of two references/citations in the text.