Economic Indicators essays

Economic Indicators essays The million (or should we say 'billion' now) dollar question is whether or not the United States' economy will stay in it's record 107 month expansion (according to the index of leading indicators) or come out of the boom and take a downturn into a recession. Nobody, including the Chairman of the Federal Reserve, Alan Greenspan has a crystal ball to provide insight as to what will happen if interest rates are raised, lowered, or left alone. However, Economists have developed a set of indicators to aid in predicting when a recession is about to occur and when the economy is in one. Indicators should not be mistaken for predictors. They are simply forecasting tools, and like any forecast can be misleading. The index of leading indicators that is reported in the popular press shows our economy is still in an expansion. For the purposes of our evaluation of the economy, we chose the Principle Economic Indicators tracked by the Bureau of Economic Analysis and the U.S. Census Bureau under the Economics and Statistics Administration at the U.S. Department of Commerce. There are thirteen Principle Economic Indicators, and they fall into five major categories: National Output and Income; Orders, Sectoral Production, and Inventories; Consumer Spending; Housing and Construction; and Foreign Trade. The first of the five major categories directly relates to measuring the growth of the U.S. economy. National Output and Income consists of the Gross Domestic Product (GDP), Personal Income, and Corporate Profits measurements. GDP is the primary measurement of growth and measures the total amount of goods and services produced by governments, businesses, people, and property located within the United States. Both real (adjusted for inflation) and nominal (current value in dollars) data is collected for computing the GDP. The base year for the real data is 1997. The GDP is normally reported as an annualized quarter-to-quarter change. ...

How to Use Hyphens Correctly in Business Grammar

How to Use Hyphens Correctly in Business Grammar Louise Julig wrote a wonderful post about hyphens in her Thoughts Happen blog. Business writing requires correct hyphenation. It’s both clarifying and funny. She wore a purple wrist band to remind her of her pledge not to complain. The problem? The bracelet omitted a needed hyphen, prompting Louise’s grammar complaint: Argh! I just can’t stand it anymore! I’ve been doing this purple-bracelet â€Å"stop complaining† exercise for almost three weeks now (and am on my record 5th day of not complaining) but I can’t hold it in any longer because every time I look at the half inch of rubber encircling my wrist I want to gouge a little hyphen between â€Å"Complaint† and â€Å"Free.† It’s â€Å"A Complaint-Free World,† people, not â€Å"A Complaint Free World†! Oh the irony of complaining about the â€Å"complaint free† bracelet. But really! Hyphens are very complicated. I agree with Grammar Girl’s recommendation to check a dictionary and style guide when possible. When it’s not, fall back on this baseline rule: Hyphenate compound modifiers when they come before a noun, and don’t hyphenate them when they come after a noun. Louise illustrated this rule nicely: Why is this? Here’s my best explanation: hyphens group modifiers together for clarity. Say you have a red brick house. Is it a red house? Yes. Is it a brick house? Yes. Therefore, no hyphen is needed. However, what if you have a â€Å"gluten free recipe.† Is it a gluten recipe? No. Is it a free recipe? No. Therefore, a hyphen is needed to group the modifiers together so you know the recipe has no gluten. It’s a gluten-free recipe. Why then do you not hyphenate after the noun, e.g. â€Å"the recipe is gluten free†? The temptation is to throw in extra hyphens just in case, e.g. â€Å"the recipe is gluten-free.† But it’s just as bad to over-hyphenate as to under-hyphenate, and it really isn’t necessary. Here’s why: when the modifier comes after the noun, it’s only modifying the one word immediately after it. So we ask ourselves, â€Å"What kind of ‘free’ is it?† and the answer is â€Å"gluten.† It’s gluten free. Louise, thanks so much for breaking your complaint-free pledge to clarify this! I say you should gouge that little hyphen into your bracelet, and wear it proudly!