I have a project that I am completing but I am not sure on one of the section. I
ID: 1113309 • Letter: I
Question
I have a project that I am completing but I am not sure on one of the section. I am supposed to find 36 websites from http://www.econsources.com/econsources_page.asp?pageid=10 which I did. I also support must find economic indicators for those websites that I found. Below are a few of the website that I found, what would I put as economic indicators?
Economic Web Resources
List of web resources and their use in application to economic problems
Web Site
Rating
Description
Applications
Examples
https://www.bea.gov/
This site provides the timely relevant and accurate economic data to the user so to understand the U.E. Economy.
Reports from the Bureau of Economic Analysis are the foundation upon which many economic policy decisions are made by the government, private sector by companies and individual investors.
Examples of BEA help the White House and Congress to prepare budget estimates. The Federal Reserve to set monetary policies.
2. https://www.bls.gov/
The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.
The BLS will meet the information needs of a rapidly changing U.S. and global economy by continuously improving its products and services, investing in its workforce, and modernizing its business processes.
BLS publishes a large amount of information on the wages, earnings, and benefits of workers. Generally, this information is categorized in one or more of the following ways:
-Geographic area
-Occupation
-Industry
3). https://www.irs.gov/
The Internal Revenue Services IRS is a U.S. government agency responsible for the collection of taxes and enforcement of tax laws. Its primary purpose includes the collection of individual income taxes and employment taxes
The IRS audits a select portion of income tax returns every year. It also audits previous tax year for discrepancies
Personal and business taxes are completed by an accountant each year so that taxes can be paid.
Based on the websites above, how would I fill out this economic Indicator section below?
KEY ECONOMIC INDICATORS
Key Indicator
Purpose
Application Use
Examples
Name and Abbreviation
Outline the primary purpose of the Indicator and briefly describe origin and source of information
Describe the primary use of the indicator and where it has best application and interpretive meaning in economic analysis
Provide examples of how to use the indicator in economic research
Next indicator
Etc.
.
I have a project that I am completing but I am not sure on one of the section. I am supposed to find 36 websites from http://www.econsources.com/econsources_page.asp?pageid=10 which I did. I also support must find economic indicators for those websites that I found. Below are a few of the website that I found, what would I put as economic indicators?
Economic Web Resources
List of web resources and their use in application to economic problems
Web Site
Rating
Description
Applications
Examples
https://www.bea.gov/
This site provides the timely relevant and accurate economic data to the user so to understand the U.E. Economy.
Reports from the Bureau of Economic Analysis are the foundation upon which many economic policy decisions are made by the government, private sector by companies and individual investors.
Examples of BEA help the White House and Congress to prepare budget estimates. The Federal Reserve to set monetary policies.
2. https://www.bls.gov/
The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy.
The BLS will meet the information needs of a rapidly changing U.S. and global economy by continuously improving its products and services, investing in its workforce, and modernizing its business processes.
BLS publishes a large amount of information on the wages, earnings, and benefits of workers. Generally, this information is categorized in one or more of the following ways:
-Geographic area
-Occupation
-Industry
3). https://www.irs.gov/
The Internal Revenue Services IRS is a U.S. government agency responsible for the collection of taxes and enforcement of tax laws. Its primary purpose includes the collection of individual income taxes and employment taxes
The IRS audits a select portion of income tax returns every year. It also audits previous tax year for discrepancies
Personal and business taxes are completed by an accountant each year so that taxes can be paid.
I have a project that I am completing but I am not sure on one of the section. I am suppose to find 36 websites from http://www.econsources.com/econsources_page.asp?pageid=10 which I did. I am also support to find economic indicators for the website that I found. Below are a few of the website that I found, what would I put as economic indicators:Based on the websites above, how would I fill out this economic Indicator section below?
KEY ECONOMIC INDICATORS
Key Indicator
Purpose
Application Use
Examples
Name and Abbreviation
Outline the primary purpose of the Indicator and briefly describe origin and source of information
Describe the primary use of the indicator and where it has best application and interpretive meaning in economic analysis
Provide examples of how to use the indicator in economic research
Next indicator
Etc.
.
Explanation / Answer
What is the 'Purchasing Managers' Index - PMI'
PPI shows trends within the wholesale markets (the PPI was once called the Wholesale Price Index), manufacturing industries and commodities markets. All of the physical goods-producing industries that make up the U.S. economy are included, but imports are not.
The PPI measures the average changes over time in the selling prices received by domestic producers.
key indicator purpose application/use examples Bureau of Labor Statistics(BLS) Puts out a monthly release on employment, including the number of jobs created the previous month by the private sector, the government and some specific industries, as well as the national unemployment rate. Bureau of Economic analysis (BEA) This is created by Department of commerce- on personal income and outlays provides input on consumer spending.It provides input on inflation through a price index that reflects changes in how much consumers have to spend to buy certain items. industrial production index(INDPRO) put out monthly by the Federal Reserve.Industrial production figures are based on the monthly raw volume of goods produced by industrial firms such as factories, mines and electric utilities in the United States. Also included in the industrial production figures are the businesses of newspaper, periodical and book publishing, traditionally labeled as manufacturing. The industrial production data is used in conjunction with various industry capacity estimates to calculate capacity utilization ratios for each line of business, with a base year used as a benchmark level of 100% (currently 2002). Aggregate utilization ratios are also provided for areas such as total manufacturing and total high-tech production
Bureau of engraving and printing (BEP) The Bureau of Engraving and Printing (BEP) is part of the U.S. Department of the Treasury.While widely-known for its role in the printing of money, the agency also provides assistance to other agencies in the design of security documents, such as passports and identification cards. A qualitative indicator reflecting the Bureau's ability to provide a quality product. All notes delivered to the Federal Reserve go through rigorous quality inspections. These inspections ensure that all counterfeit deterrent features, both overt and covert are functioning as designed U.S Census bureau (USCB) department of commerce bureau incharge of population estimates and serves as the leading source of quality data about the nation's people and economy.
What is the 'Purchasing Managers' Index - PMI'
The Institute for Supply Management puts out a monthly report on activity in the manufacturing sector nationallyThis report provides an overall gauge of the manufacturing sector through an index. It also looks at aspects such as new orders, employment, and production in the sector. gross domestic product,( GDP) The Department of Commerce’s look at quarterly change in GDP breaks down the activity in terms of changes in consumer spending, business investment and government spending, as well as the net impact of foreign trade. provides the overall value of the goods and services it produces and indicates whether an economy is growing or slowing. Home sales Department of Commerce’s monthly report on new residential sales also speaks to consumer sentiment. This report, based on contracts to buy new homes, provides input on sales of single-family homes nationally and also provides a regional breakup, as well as input on median and average sales prices. The National Association of Realtors, a Realtor trade association, puts out a monthly report on sales of existing homes, based on closed sales. represent a major purchase for most people. The Producer Price Index (PPI) a weighted index of prices measured at the wholesale, or producer level. A monthly release from the Bureau of Labor Statistics (BLS).
PPI shows trends within the wholesale markets (the PPI was once called the Wholesale Price Index), manufacturing industries and commodities markets. All of the physical goods-producing industries that make up the U.S. economy are included, but imports are not.
The PPI measures the average changes over time in the selling prices received by domestic producers.
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