Apply macroeconomic concepts to current and personal economic events and decisions.

Use Microsoft Word to prepare a Final Report that is a minimum of two to three (2-3) pages long in which you: 1. Introduce your selected industry with a brief one-paragraph introduction. Refer to the NAICS (North American Industry Classification System) to review the details about your industry. 2. Assess your selected industry’s relative size and growth rate in the economy. These macroeconomic resources will help you find the size and growth rate of your industry in the U.S. economy and/or relative to GDP: • Real GDP – Select Section 1, then table 1.1.6 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov). • % Change in Real GDP – Select Section 1, then table 1.1.1 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov). • GDP by Industry – Steps: 1. Select “Interactive Data.” 2. Select “Industry Data Tables.” 3. Select “Begin Using the Data.” 4. Select “Gross Output by Industry.” 5. Select “Real Gross Output by Industry (A) (Q).” 6. Select “Quarterly” or “Annual.” 7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov). • % Change in GDP by Industry – Steps: 1. Select “Interactive Data.” 2. Select “Industry Data Tables.” 3. Select “Begin Using the Data.” 4. Select “Gross Output by Industry.” 5. Select “Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry (A) (Q).” 6. Select “Quarterly” or “Annual.” 7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov). 3. Identify one newsworthy macroeconomic indicator or policy (e.g., GDP, unemployment, inflation rates, interest rates, government taxation and spending decisions, and/or FED decisions) that the industry should monitor and explain why it’s important and how it might impact your selected industry. Your report should include a minimum of two (2) references/citations in the text.