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Take a look at the current Consumer Confidence Data. (https://www.conference-board.org/topics/consumer-confidence) As you can see, the most recent survey numbers are usually released on the last Tuesday of the month.
What do the most recent numbers tell you?
Were you surprised by anything?
Do you expect the numbers will increase or decrease before the next release?
GDP
The Bureau of Economic Analysis is the agency that tracks GDP. Please look at its most recent report (https://www.bea.gov/data/gdp/gross-domestic-product) (again released the last week of each month). Take a look at the first few paragraphs of the report to identify which sector(s) of the economy experienced growth.
Was the growth in Consumption spending, Investment spending, Government spending, or Net Exports?
Was the growth percentage about what you expected, or did you expect it to be higher or lower?
In addition to reflecting on the above questions, please share your thoughts regarding the following prompts.
What do you think is the most significant factor or factors that have contributed to the United States being one of the richest countries in the world in terms of GDP?
Over time, do you think the United States will be able to maintain its economic position? Why or why not?
If you think the United States will be able to maintain its economic position, what types and/or fields of new innovations do you think will create the next wave of productivity growth?
Your submission should be at least one-page double-spaced.
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