Assignment:
Case Study: Industry Growth and GDP Growth
Overview
GDP represents the total output and the total income in the economy. The source of GDP is the production by various producers and industries. As such, each industry has a share in GDP. This means that, if the industry grows, then its share as a percentage of GDP grows as well. Moreover, when GDP grows, income level in the economy increases. As a result, some industries in the economy expand when GDP and the income level rise. For example, industries that produce luxury commodities such as brand-name shoes, vacation packages, organic food items, movie theaters, expensive coffee, and so forth, grow and expand when household income rises. Other industries such as dollar stores, thrift shops, fast food restaurants, generic brands, and public transportation expand when the household income declines.
Assignment Description
For this assignment, you need to choose an industry and then analyze the growth pattern of that industry during periods of recession and periods of expansion. Examples of industries that you could choose from include auto, airline, higher education, food, healthcare, agriculture, housing, social media, fast food, sport, gaming, pharmaceutical, and movie industry, or whatever other industry you prefer. Remember, you are analyzing the growth pattern of the industry, not a specific commodity. The goal of this assignment is to
1. analyze the growth pattern of a specific industry;
2. identify the sources of the growth; and
3. determine the relationship between GDP growth and the growth of that industry.
Your research needs to be structured with consistent and clear thoughts. It also needs to be supported by facts and data. Your results need to be based on solid facts. Your conclusion and opinion need to be thorough and based on your findings and understanding of GDP, the sources of GDP growth, and the growth pattern and sources of your industry.
Writing Style and Page Number Requirements
Font Type: Times New Roman or Arial
Font Size: 12
Spacing: Double
Number of Pages: Four pages long, including a separate Title page and a separate References page