Im begging...PLEASE PLEASE PLEASE Help me! I will give Brainliest and give all my points!
1. Consumer spending data includes money spent by consumers on both goods and services. Search online for “GDP Consumer Spending” and find a reliable article or articles that help you respond to these questions with a short paragraph:
(a) In the most recent data (most likely from last year), what percentage of the U.S. GDP was consumer spending?
(b) Has consumer spending increased or decreased over the last five years? What does that indicate about the health of the overall U.S. economy?
Answer:
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2. Visit the website for the U.S. Bureau of Labor Statistics. Search “100 years consumer spending” and open the link to the report titled “100 Years of Consumer Spending, Data for the Nation, New York City, and Boston.” Use the information to craft a short paragraph response to these prompts:
(a) Make two or three observations about the economic and demographic indicators in 1901 from the national data.
(b) Make two or three observations about the economic and demographic indicators in 2002-2003 from the national data.
(c) Select and summarize one of the differences between the 1901 and 2002-2003 economic and demographic indicators data. Explain how it might have impacted consumer spending.
Answer:
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3. While still on the website for the U.S. Bureau of Labor Statistics, search “consumer spending Texas.” Select the link for the article titled "How does consumer spending differ among households in California, Texas, and New York?” and read, focusing specifically on data from your choice of one of the three states. Then, answer these questions with a short paragraph:
(a) How did the consumer spending in the state you selected compare to the national trends?
(b) What do you think we can learn from this report and others like it that examine consumer spending on a state level? What is the value of these types of reports?
Answer:
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4. Now consider the information you learned about advertising and media. Imagine you have been hired to help a business owner develop an advertising plan. Review your notes and use them to help guide you in answering these questions with a well-developed paragraph:
(a) How might analyzing consumer spending reports help you develop the advertising plan?
(b) Based on the data you analyzed in Questions 1-3 what suggestions would you give the business owner?
Answer:
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