Week 4

Economic Indicators Tables

Learning Team C

ECO/561

Professor Gustavo Morles

September 7, 2015

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Economic Indicators Table 1

* | Definition | * Team Member |

Leading economic indicators | These are Indicators that tell us what’s likely to happen 12 to 15 months from now, much as a barometer gives us a clue about tomorrow’s weather. (Mcconnell) | Luis Cuao |

Lagging economic indicators | These are indicators that suggest what has happened. (Mcconnell) | Luis Cuao |

Coincident economic indicators | These are indicators that suggest what is currently happening in the economy. (Mcconnell) | Joyce Fiason |

GDP | Is the total market value of all final goods and services produced in an economy in a one-year period. (Mcconnell) | Joyce Fiason |

Real GDP | Real GDP is nominal GDP adjusted for inflation. (Mcconnell) | Joyce Fiason |

Inflation | is a continual rise in the price level. (Mcconnell) | Joyce Fiason |

Difference between GDP and Real GDP | GDP is the total market value of all final goods and services produced in an economy in a one-year period and Real GDP is nominal GDP adjusted for inflation. (Mcconnell) | Joyce Fiason |

Economic Indicators Table 2

* | Definition | * Team Member |

New Private Housing Units Authorized by Building Permits (PERMIT) | Definition: The purpose of the Building Permits Survey is to provide national, state, and local statistics on new privately-owned residential construction. The United States Code, Title 13, authorizes this survey, provides for voluntary responses, and provides an exception to confidentiality for public records. Measured by: The Conference Board, The Federal Reserve Board and The Department of Housing and Urban Development Frequency: Monthly Type: Leading | Luis Cuao |

Commercial Real Estate Prices for United States (COMREPUSQ159N) | Definition: This series covers commercial real estate price indices. Currently, there is limited...