Economic Report on the Insurance Industry
Instructions Use Microsoft Word to prepare a Final Report that is a minimum of three pages long in which you. Introduce your selected industry. Choose the Insurance industry with a brief one paragraph introduction. Your report should have a minimum of three references citations/in the text. Refer to the NAICS (North American Industry Classification System) to review details about your industry. Assess your selected industry’s size and/or growth rate in the economy. These macroeconomic resources will help you find the size and growth of industry relative to real U.S. GDP. • Real GDP – Select Section 1, then table 1.1.6 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov). • % Change in Real GDP – Select Section 1, then table 1.1.1 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov). • GDP by Industry – Steps: 1. Select “Interactive Data.” 2. Select “Industry Data Tables.” 3. Select “Begin Using the Data.” 4. Select “Gross Output by Industry.” 5. Select “Real Gross Output by Industry (A) (Q).” 6. Select “Quarterly” or “Annual.” 7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov). • % Change in GDP by Industry – Steps: 1. Select “Interactive Data.” 2. Select “Industry Data Tables.” 3. Select “Begin Using the Data.” 4. Select “Gross Output by Industry.” 5. Select “Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry (A) (Q).” 6. Select “Quarterly” or “Annual.” 7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov).