Description
Locate retrieve and evaluate macroeconomics indicator
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Outline
I.
Introduction
II.
Conclusion
III.
References
Running Head: ECONOMICS
1
Economics
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Institution
Course
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ECONOMICS
2
Economics
San Diego is a city in California in the United States of America and it is well-known for
its climate, beaches, and parks. However, the economy of the city is greatly affected by a number
of factors some of which include unemployment and inflation. Purchasing a house in this city,
the main factors to focus on would include the source of funds and their effectiveness in the
activity in terms of repayment. Well, most of the activities in San Diego are related to the
military and this is the main economic activity. Also, other contributors to the economy include
manufacturing industries, tourism and international trade (Crotty, 2016). The city also forms the
center of biotechnology research due to the presence of the University of California and UCSD
Medical Center. Through the current economic status of San Diego, taking a loan for purchasing
the house would have some effects as the consequences that would follow during the repayment
would also have the financial impact in my life.
Currently, San Diego has more than 115 firms and these firms impact on the economy by
5.6 billion dollars every year. Also, the city has more than 10 thousand direct jobs which they
offer to the citizens. Through the direct jobs, other indirect jobs are also created amounting to
2500 jobs. This implies that the economy of San Diego is promising and future growth is also
expected. In San Diego, the lowest interest rate for mortgage falls between 3.62% and 3.81%.
this implies that during the tough economic times, the interest rate rises to 3.81% while in normal
circumstances, the rate falls to 3.62...