Assignment: Economics Paper
This paper will be on the following product: Johnson and Johnson Daily Essentials Refreshing Gel Face Wash
For this you will submit the overview and macroeconomic variables components of your macroeconomic analysis paper. This milestone is a two-page paper structured as follows: First, it provides an overview consisting of a brief description of the chosen company, your chosen product or service, and annual sales. Second, it describes three macroeconomic variables in the United States that impact the supply and demand of your chosen product or service. Third, using graphs in Excel, it interprets the trends of the three selected macroeconomic variables for the past three years. Fourth, based on the trends of the three macroeconomic variables, it assesses how the trends will impact the supply and demand of your chosen product or service. Include all calculations in an Excel file.
Specifically, the following critical elements must be addressed:
I. Overview: Provide an overview consisting of a brief description of the Johnson and Johnson Daily Essentials Refreshing Gel Face Wash, and annual sales.
II. Macroeconomic Variables
For this section, you will utilize macroeconomic variables such as GDP growth, inflation, unemployment, and so on to relate trends in data to the supply and demand of your product or service. Include all calculations in an Excel file.
1. Select three macroeconomic variables in the United States that impact the supply and demand of your chosen product or service. Justify your selections.
2. Interpret the trends of the three selected macroeconomic variables for the past three years. Be sure to include gathered data.
3. Based on the trends of the three macroeconomic variables, assess how they will impact the supply and demand of your chosen product or service.