Problem: This problem involves analyzing several indicators of the macroeconomic conditions in an economy, which includes interest rate, income, CPI, inventory levels, wage, consumer confidence and unemployment. These indicators need to be analyzed and a report needs to be prepared to explain the short impact on firms in the grocery and automobile industry in terms of product sales and operating costs. The following information is to be used:
Interest rate: 1.5%
Income: $50,325
CPI: 3.2
Inventory levels: Average
Wage: $24.00
Consumer Confidence: 60.8
Unemployment: 7.9%