This Tutorial contains 2 Papers\tPurpose of Assignment\u00a0\tTo locate, retrieve, and evaluate the effects of macroeconomic indicators on your own decision making.\u00a0\tAssignment Steps\u00a0\tResources:\u00a0Tutorial help on Excel\u00ae\u00a0and Word functions can be found on the Microsoft\u00ae\u00a0Office website. There are also additional tutorials via the web offering support for Office products.\u00a0\tScenario:\u00a0Consider your last big purchase such as a car, appliances, home repairs, home purchase, computer equipment, college tuition, or another “big-ticket” item, which are often purchased using loans\/financing (by borrowing money). Also consider your decision-making process that led you to choose a particular make, model, or brand of the product (or service) you purchased and whether it was the right time to make the purchase given economic conditions at the time of your purchase. While analyzing your decision, keep in mind everything from interest rates to the prices of complementary and substitute goods are driven by human economic behavior.\u00a0\tDevelop\u00a0a minimum 1,050-word analysis of your decision-making process in which you include the following:\t\t\tRetrieve statistics on Real Gross Domestic Product (GDP) and on Real Personal Consumption Expenditures (PCE) by year for the last ten years. You can retrieve those statistics from internet sources including, but not limited to, the Federal Reserve of St. Louis’s FRED web site, the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) web site, or another credible source of your choice. Post these statistics in a single worksheet of an Excel\u00ae\u00a0workbook and submit your Excel\u00ae\u00a0file with your report. In your report, discuss the latest 10-year trends in both GDP and PCE. Also discuss how the trends in GDP compare with trends in PCE. You are encouraged to include graphs of these statistics in your report; you could create the graphs in Excel\u00aeand copy them into your report.\t\t\tRetrieve statistics on the Effective Federal Funds Rate and on the Consumer Price Index: All Items Less Food and Energy by year for the last 30 years. You can retrieve those statistics from internet sources including, but not limited to, the Federal Reserve of St. Louis’s FRED web site, the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) web site, or other credible sources of your choice. Post these statistics in a single worksheet of an Excel\u00ae\u00a0workbook and submit your Excel\u00ae\u00a0file with your report. In your report, discuss how the trends in the Effective Federal Funds Rate compare with trends in inflation. If you took out a loan to pay for your “big-ticket” purchase, what was the interest rate on your loan? Were interest rates rising or falling at that time?\u00a0 Were interest rates relatively high or low at that time? You are also encouraged to include graphs of these statistics in your report.\t\t\tDiscuss the influence of any Federal government or state government programs, such as tax credits or tax deductions for energy-saving\/efficiency purchases, on your decision to make your last big purchase; or if government incentives did not factor into your decision, explain why not.\t\t\tDevelop conclusions about the economy’s influence on personal and business decision-making relative to purchases of big-ticket items, investments, or other major purchases.\u00a0\tCite\u00a0a minimum of three peer-reviewed sources.\u00a0Note: The Federal Reserve of St. Louis, the Bureau of Economic Analysis, and the Bureau of Labor Statistics can be cited to fulfill this requirement.\u00a0\tFormat\u00a0your paper consistent with APA guidelines.\u00a0\tClick\u00a0the Assignment Files tab to submit your assignment. Be sure you submit your paper as well as the two required Excel\u00ae\u00a0files.<\/p>\n","protected":false},"excerpt":{"rendered":"
This Tutorial contains 2 Papers Purpose of Assignment\u00a0 To locate, retrieve, and evaluate the effects of macroeconomic indicators on your own decision making.\u00a0 Assignment Steps\u00a0 Resources:\u00a0Tutorial help on Excel\u00ae\u00a0and Word functions can be found on the Microsoft\u00ae\u00a0Office website. There are Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210832","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210832"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210832\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}