## # A tibble: 1,096 × 5
## # Groups: symbol [8]
## symbol date price change text
## <chr> <date> <dbl> <dbl> <glue>
## 1 GDPC1 1947-01-01 2034. NA 1947.1,
## Growth: NA
## 2 GDPC1 1947-04-01 2029. -0.00267 1947.2,
## Growth: -0.3%
## 3 GDPC1 1947-07-01 2025. -0.00207 1947.3,
## Growth: -0.2%
## 4 GDPC1 1947-10-01 2057. 0.0156 1947.4,
## Growth: 1.6%
## 5 GDPC1 1948-01-01 2087. 0.0150 1948.1,
## Growth: 1.5%
## 6 GDPC1 1948-04-01 2122. 0.0165 1948.2,
## Growth: 1.7%
## 7 GDPC1 1948-07-01 2134. 0.00573 1948.3,
## Growth: 0.6%
## 8 GDPC1 1948-10-01 2136. 0.00112 1948.4,
## Growth: 0.1%
## 9 GDPC1 1949-01-01 2107. -0.0138 1949.1,
## Growth: -1.4%
## 10 GDPC1 1949-04-01 2100. -0.00341 1949.2,
## Growth: -0.3%
## # … with 1,086 more rowsManagers need to know:
| your customers/products | magnitude of spending changes | timing of spending changes |
|---|---|---|
| consumer services | very stable | coincident with GDP |
| consumer nondurables | stable | coincident with GDP |
| consumer durables | volatile | coincident with GDP |
| housing construction | very volatile | leads fluctuations in GDP |
| capital spending | very volatile | lags fluctuations in GDP |
| govt. spending, federal | moderate | not always corr. with GDP |
| govt. spending, state & local | stable | lags fluctuations in GDP |
| exports | volatile | not corr. with GDP |
| imports | volatile | varies depending on product |
Gross Domestic Product
GDP vs Consumer Spending
GDP vs Consumer Services
GDP vs Consumer Durables
GDP vs Consumer Non-Durables
GDP vs Nonresidential Construction
Capital Spending is money that organizations or different corporations use to improve their fixed assets.
Government Spending is when expenses that the government has is used to fund different services such as security or others like welfare benefits.
Exports are when the government, or businesses ship goods or different services to other countries with the idea of sales.
Imports are when the government, or businesses purchase and have goods shipped in from other countries
Explain each of the following terms in your own words. The author explains the terms in the textbook. If necessary, you may also Google the term on the Web. Good resources include:
Gross Domestic Product otherwise known as GDP is when there is a total value of different goods and or services in a country that is allotted in a given year.
Real versus nominal GDP is when you measure an output by using its constant price rather than using its current price.
Gross National Product otherwise known as GNP is when the total value of different goods being produced and different services that are being provided in a one year span is equal to its gross domestic product as well as its net income from investments usually foreign.
The recession was when there had been a temporary decline economically where trading and industrial services were being reduced with-in two quarters
Leading Indicators are when actions are necessary to be able to reach the goals you would like to make with reasonable and measurable outcomes.
The 2007 Great recession was a time period where there was a massive economic downfall that lasted 2 years until 2009. It has been the worst recession that we as a nation has had since the Great Depression. The lasting impact that the recession had over society was that the unemployment rate had doubled from 5% to 10%, on top of that there was lower fertility rates, record breaking amounts of student debt, and there were not many jobs that could be offered towards young adults who were just getting out of college looking for work.