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Economic Indicators. Economic Indicators For the individual who watches CNN
a great deal, the term Economic Indicators well recognized. ...
Economic Indicators Paper. Economic Indicators Paper What does it mean when
someone refers to the health of an economy? Furthermore ...
Economic Indicators. ... (2004) Interest Rate Forecasting: Economic Indicators. Retrieved
on October 6, 2004 from: http://mortgage-x.com/general/indicators.asp. ...
With reference to economic indicators describe the economic conditions
prevailing in the Australian economy over the past five years. ...
Economic Indicators. ... An economist might use economic indicators to paint a picture
of current economic performance, or make future economic predictions. ...
Submitted by larry24 on April 15, 2007
Category: Business
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Economic Indicators
Economic Indicators
Economic indicators are various layers of statistics that provide insight and information into how an economy is functioning. An economist might use economic indicators to paint a picture of current economic performance, or make future economic predictions. As a team, we will profile six economic indicators: Consumer Price Index, Capacity Utilization, Unemployment Rate, Producer Price Index, Interest Rate, and Inflation Rate. Historic charts for each indicator are included in our Power Point Presentation. As we move forward, we will use this information to help us better understand our selected business, the airline industry.
Consumer Price Index (CPI)
The Consumer Price Index is published by the Federal Department of Labor for the purpose of measuring the cost of living in the United States. The index measures the general level of prices in a fixed basket of goods that are typically purchased by consumers. It translates the price of goods such as food, beverages, housing, apparel, transportation, medical care, and entertainment from what they were in prior years to what the same goods or services would cost today. The Consumer Price Index allows anyone looking at it to determine how much money they need to spend today in order to live in the same lifestyle they lived in previous years. The yearly change in percentage in the value of the index is one way of measuring the annual inflation rate. When the Consumer Price Index rises, it is an indication of an inflationary environment and that consumers will be paying more for the same goods or services than they had paid in the past. Conversely, when the CPI falls consumers will be paying less for the same goods or services than they paid in the past. Although, the former rather than the later is more prevalent in the history of the CPI.
Capacity Utilization
The...
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