Chapter 12, Problem 1WM

Summary Introduction

(a)

To Draw:

A graph from the data, showing new privately owned housing units authorized by building permits, downloaded from www.census.gov/construction/bps

Introduction:

The leading economic indicator is an economic series which reacts to rise or fall in advance from the economy, giving the prediction about the economy.

Summary Introduction

(b)

To Draw:

A graph from the data, showing new orders of nondefense capital goods from St. Louis Federal, downloaded from research.stlouisfed.org.

Introduction:

The leading economic indicator is an economic series which reacts to rise or fall in advance from the economy, giving the prediction about the economy.

Summary Introduction

(c)

To Draw:

A graph from the data, showing average weekly working hours of production workers in manufacturing, downloaded from www.bls.gov/lps/#tables.

Introduction:

The leading economic indicator is an economic series which reacts to rise or fall in advance from the economy, giving the prediction about the economy.

Summary Introduction

(d)

To determine:

An opinion on the graphs represented in previous sub-parts, in regard to leading economic indicators, about the prediction on the economy.

Introduction:

The leading economic indicator is an economic series which reacts to rise or fall in advance from the economy, giving the prediction about the economy.