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Economics

Description

For this assignment, you'll examine at least one of the macroeconomic indicators or policies below within

the context of the industry you have previously selected.

  • GDP growth
  • Unemployment rates
  • Inflation rates
  • Interest rates
  • International trade policy and issues related to trade balances, trade restrictions, etc.
  • 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


    Instructions

    Prepare a Final Report that is approximately two to three (2-3) pages long in which you:

    1. Assess your selected industry’s relative size and growth rate in the economy.

    2. Identify at least one newsworthy macroeconomic indicator or policy that is important for the

    industry to monitor, e.g., GDP, unemployment, inflation rates, interest rates, trade policy,

    government taxation and spending decisions, and/or FED decisions.

    3. Explain why this macroeconomic indicator or policy is important and how it may impact your

    selected industry.

    4. Describe a recent trend in the macroeconomic indicator or policy. Include a graph, chart, or table

    that illustrates the observed trend.

    5. Conclude with a forecast for the industry based on whether the trend identified in part 4 is

    expected to continue. Provide support for your conclusion.

    6. This course requires use of Strayer Writing Standards (SWS). The format is different compared to

    o Your brief should include a cover page.

    o Your brief should be two to three (2-3) pages in length (not including the cover page),

    double-spaced, 12-point font.

    o Your report should include a minimum of two (2) references/citations in the text.

    APA Format

    Topic from assignment 1 :Agricultural, Farming, and Fishing industry and other government interventions ( Please Stick to this TOPIC ONLY)

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    Explanation & Answer

    Attached.

    Running Head: ASSIGNMENT I

    1

    Assignment I: Agricultural, Farming, and Fishing industry and other government
    interventions
    Name
    Institutional Affiliation

    ASSIGNMENT I

    2

    Industry’s Relative Size and Growth Rate in the Economy

    The US Agricultural, Farming, and Fishing industry have continued to grow over time.
    According to the US Bureau of Economic Analysis, the US Agriculture, fishing, and farming
    growth rate stands at 1.38 percent in the year 2018. GDP from agriculture in the US decreased
    from 151.70 USD Billion in the fourth quarter of 2017 to 149.90 USD Billion in the first quarter
    of 2018 (Trade Economics, 2018). The analysis further indicated that the US averaged yearly
    output of the industry stands at 138.27 USD Billion from 2005 to 2018. It also reached a record
    low of 108.80 USD Billion in the 3th quarter and a record high of 171.40 USD Billion in the 3th
    quarter of 2016. The figure below summarizes the information.

    Macroeconomic Indicators
    With the decline in inflation and growing GDP of the country that stand at 59,501 USD
    Billion in 2017, Gross cash farm income (GCFI) has continued to grow over...


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