ACTIVITY 3: RECOGNIZE TRENDS USING TEMPLATE WITH 4 QUESTIONS

Please read below and the attachment for all instructions and template needed pertaining to this assignment. PLEASE…NO PLAGIARISM!Activity 3: Recognize Trends to Make Strategic Decisions For this graded activity, you will select one of these concepts: unemployment, inflation, or GDP and interpret graphs that portray trends. You’ll need to find an online news, research site, or article related to the concept you choose that includes a chart or table. The following sites have a visual that you could interpret: Bureau of Labor Statistics The World Bank: GDP Growth Trading Economics: United States Unemployment RateUse the Activity 3 template to answer each question and submit your responses by the due date.
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ECO 100 – Principles of Economics
Activity 3: Recognize Trends to Make Strategic Decisions (30 points)
Economic concepts can be applied to a range of companies, industries, regions, states, and nations and
impact strategic personal and organizational decisions. One of the most effective ways to understand the
application of these economic concepts is to visualize trends that are happening in the form of graphs,
charts, and tables. Based on the information being displayed in these visuals, an individual can make the
best decision for his or her personal life or for a company. For example, you might look at housing market
trends to decide if it’s the right time to buy or refinance, or your company might decide if it should
increase or reduce prices.
For this graded activity, you will select one of these concepts: unemployment, inflation, or GDP and
interpret graphs that portray trends. You’ll need to find an online news, research site, or article related to
the concept you choose that includes a chart or table. The following sites have a visual that you could
interpret:
• Bureau of Labor Statistics
• The World Bank: GDP Growth
• Trading Economics: United States Unemployment Rate
1. What is the definition of the concept you selected? (unemployment, inflation, or GDP)
2. What time period does your chart or table display?
3. Based on the trend you observe in the data, do you project an increase or decrease in the
future?
4. Include the URL to your article here: (you can use the URLs above)
Use the Activity 3 template to answer each question and submit your responses by the due date.
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Activity 3: Recognize Trends to Make Strategic Decisions Template
Name:
Date:
1. What is the definition of the concept you selected? (unemployment, inflation, or GDP)
GDP
2. What time period does your chart or table display?
The time period is 1966 – 2016.
3. Based on the trend you observe in the data, do you project an increase or decrease in the future?
The data shows the GDP in $ has been steadily increasing. I predict this increase to continue in the
future.
4. Include the URL to your article here: (you can use the URLs above for your research)
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?cid=GPD_30&locations=US

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