Central Community College Unemployment & Utilization Economics Worksheet In this Assignment, you will learn how to collect economic data, using Economic In

Central Community College Unemployment & Utilization Economics Worksheet In this Assignment, you will learn how to collect economic data, using Economic Indicators that are readily available to consumers online. Economic Indicators are key statistics or metrics used to study the status of the overall economy, industry segments, and specific companies. To help you learn how Economic Indicators work, a worksheet was created, called GUIDES, which will take you step by step through the process of collecting the data needed for this Assignment. You will use the worksheet provided to research key economic information about TWO countries: a target country (BRAZIL) and your home country (U.S). The target country is a potential overseas location for your current company (Samsung) to expand its business, either by increasing the size of an existing division located there or by entering into a new market Use your company (Samsung) and its industry for context. If your company is not currently operating globally, imagine that it is considering entry into one of the markets below. It is your task to assess the economic conditions in relation to your company’s unique profile and needs, so as to assess whether expansion into the potential overseas market makes sense for your business.All the required data can be found on the Trading Economics or Doing Business websites (links below). Access the Trading Economics website athttp://www.tradingeconomics.com§ Access the Doing Business website athttp://www.doingbusiness.org TIP: To locate Economic Indicators not found on the Trading Economics website main landing page, click the INDICATORS drop-down menu at the top of the page, to see the full list of available Indicators. GUIDES Worksheet
The Components of
GUIDES
G:
U:
I:
D:
E:
S:
GDP & Growth
Unemployment & Utilization
Inflation & Interest Rates
Debt & Deficits
External Balances & Exchange Rates
Savings & Investment
The purpose of the GUIDES Indicators Worksheet is to help the business leader
collect macroeconomic data with confidence and accuracy.
Instructions
1. You will use this Worksheet to collect your data in the form of Economic Indicators for two
Countries. There are six sections that you need to complete: G, U, I, D, E, and S.
II. Follow these steps to collect your data:
•
Enter your two Country names at the top of each page
•
Use the two websites below to find your data:
o Trading Economics website (http://www.tradingeconomics.com)
o Doing Business website (http://www.doingbusiness.org)
•
Enter your data and notes in the Worksheet by clicking into the cells with the Latest
Entry, Trend, and Healthy? labels
•
In the Healthy? Column, you may delete the answers that are not correct, or you may
highlight the correct answer
•
Sample Data – Use examples below as a model on how to
complete your GUIDES Worksheet.
Indicator
Meaning
Country: United States
Country:
Mock Country Data
Latest
Latest Entry
&
Frequency
Trend
Healthy
(Y/N) &
Why?
Steady rise
since 2008.
91584mil in
Apr2017.
91475mil in
Jan2017.
Yes – a
rise in
spending
indicates a
growing
economy
Relatively
flat.
+/- 0.25% for
past year.
No –
assumes
production
at capacity
and demand
will start to
fall off
Holding flat
0.6% in
Oct2016
0.6% in
Jul2016
Not clear
Same since
2004. 19892003 = 15%.
France/UK =
20%
Italy = 22%
Sweden =
25%
Yes. On
par with
other
advanced
economies.
Entry &
Trend
Healthy
(Y/N) &
Why?
Steady
rise since
2010.
$11853bil
in
Jul2017.
$11758bil
in
Apr2017.
Yes – a
rise in
spending
indicates a
growing
economy
Steady
rise since
in
Oct2016.
0% in
Feb2017.
0.9% in
June2017.
Yes – when
an
economy is
not running
at capacity,
inflation
increases
production
Steady
rise.
2.75% in
Aug2017
2.49% in
Jul2017
Yes –
company
can charge
more for
goods and
pay higher
wages
Frequency
Consumer
Spending
Food
Inflation
Wage
Growth
Sales Tax
Private
consumption, or
an exchange of
money for goods
and services.
Includes private
purchases of
durable goods,
nondurables, and
services.
Change in the
cost of food over
the same month in
the prior year.
Change in wage
and salary
disbursements
from service,
government, &
manufacturing
industries over the
same month in the
prior year.
Tax charged to
consumers based
on the purchase
price of certain
goods and
services.
$11922bil
Oct2017
Quarterly
1.20%
Oct2017
Monthly
3.22%
Sep2017
Monthly
0%
Yearly
Flat, no
change.
No
national
sales tax
in the US.
No- Gov’t
taxes only
personal &
corporate
incomes.
$91795mil
Jul2017
Quarterly
5.70%
Oct2017
Monthly
0.7%
Jan2017
Monthly
17%
Yearly
G = GDP & Growth
Click here to access
the Trading Economics website
Country: United States
Indicat
or
Meaning
Latest Entry &
Frequency
Trend
Country: Brazil
Healthy
(Y/N) &
Why?
Latest Entry &
Frequency
Trend
Healthy
(Y/N) &
Why?
GDP
Value
Measures national
income and output.
GDP is equal to
the total
expenditure for all
final goods and
services produced
within the country.
Yes
No
Not clear
Yes
No
Not clear
GDP
Value
Constan
t Prices
GDP adjusted for
inflation. Measures
the GDP value in
base year dollars.
Yes
No
Not clear
Yes
No
Not clear
GDP
Annual
Growth
Rate
Percentage
change in GDP.
Yes
No
Not clear
Yes
No
Not clear
GDP per
capita
PPP
GDP value
divided by total
population.
Yes
No
Not clear
Yes
No
Not clear
Ease of
Doing
Busines
s
Higher rankings (a
low numerical
value) indicate
better, usually
simpler,
regulations for
businesses and
stronger
protections of
property rights.
Yes
No
Not clear
Yes
No
Not clear
U = Unemployment & Utilization
Click here to
access the Trading Economics website
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest
Entry &
Frequency
Trend
Healthy (Y/N) & Why?
Unemployment
Rate %
Percentage
of
unemployed
workers in
the total
labor force.
It is low
during good
economic
times and
high during
recessions.
Yes
No
Not
clear
Yes
No
Not clear
Labor Force
Participation
Number of
people who
are either
employed
or are
actively
looking for
work.
Yes
No
Not
clear
Yes
No
Not clear
I = Inflation & Interest Rates
Click here to
access the Trading Economics website
Country:
Indicator
Interest
Rate %
Inflation
Rate %
Meaning
The price for
holding
money –
time value of
money or
cost of
money.
Represents
the long run
inflation rate;
transitionary
price
changes are
excluded.
Latest Entry &
Frequency
Country:
Trend
Healthy
Latest
(Y/N)
Entry
& &
Why?
Frequency
Trend
Healthy
(Y/N) &
Why?
Yes
No
Not
clear
Yes
No
Not
clear
Yes
No
Not
clear
Yes
No
Not
clear
D = Debt & Deficits
Click here to
access the Trading Economics website
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest
Entry &
Frequency
Trend
Healthy
(Y/N) &
Why?
Government
Debt
Debt owed by
a government.
(also known
as public
interest,
national debt
and sovereign
debt)
Yes
No
Not clear
Yes
No
Not clear
Government
Debt/GDP
Ratio between
a country’s
government
debt and its
gross
domestic
product. A low
ratio indicates
that the
country can
sufficiently
pay back its
debts without
incurring
debts.
Yes
No
Not clear
Yes
No
Not clear
Credit
Rating
An estimate of
the ability of
an entity to
fulfill its
financial
commitments.
Yes
No
Not clear
Yes
No
Not clear
Corporate
Tax Rate
The tax rate
for
Corporations.
Yes
No
Not clear
Yes
No
Not clear
E = External Balances & Exchange Rates
Click here to
access the Trading Economics website
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest
Entry &
Frequency
Trend
Healthy (Y/N)
& Why?
Currency
A system of
money. The
value of the
money
changes
over time.
Yes
No
Not
clear
Yes
No
Not clear
Imports
Amount of
goods
purchased
by one
country
from
another.
Yes
No
Not
clear
Yes
No
Not clear
Yes
No
Not
clear
Yes
No
Not clear
Exports
Amount of
goods
purchased
by
foreigners
from a
country.
S = Savings & Investment
Click here to
access the Trading Economics website
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest Entry &
Frequency
Trend
Healthy (Y/N) &
Why?
Personal
Savings
When a
person rather
than a
company
saves money
to spend or
invest later.
Yes
No
Not
clear
Yes
No
Not clear
Consumer
Confidence
Based on
consumers’
perceptions of
current
business and
employment
conditions, as
well as their
expectations
for six months
hence
regarding
business
conditions,
employment,
and income.
Yes
No
Not
clear
Yes
No
Not clear
Additional Indicators (optional)
Click here to access the Trading Economics website
Use this optional page to capture data on Indicators that you believe are relevant to understanding your chosen country’s
economy or relevant to your specific industry. Potential additional indicators include, but are not limited to:
• Business Confidence
• External Debt
• Living Wage Family
• Capacity Utilization Rate
• Foreign Direct Investment
• Personal Income Tax Rate
• Consumer Price Index
• Government Spending
• Productivity
• Disposable Personal Income
• Housing Starts
• Tourist Arrivals
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest Entry &
Frequency
Trend
Healthy
(Y/N) &
Why?
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear

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