Influence of Economics on Household Decision Making | Online Assignment Help

Purpose of Assignment

Don't use plagiarized sources. Get Your Assignment on
Influence of Economics on Household Decision Making | Online Assignment Help
Just from $13/Page
Order Now

To locate, retrieve, and evaluate the effects of macroeconomic indicators on your own decision making.

Assignment Steps

Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.

Scenario: Consider your  last big purchase such as a car, appliances, home repairs, home  purchase, computer equipment, college tuition, or another “big-ticket”  item, which are often purchased using loans/financing (by borrowing  money). Also consider your decision-making process that led you to  choose a particular make, model, or brand of the product (or service)  you purchased and whether it was the right time to make the purchase  given economic conditions at the time of your purchase. While analyzing  your decision, keep in mind everything from interest rates to the prices  of complementary and substitute goods are driven by human economic  behavior.

Develop a minimum 1,050-word analysis of your decision-making process in which you include the following:

  • Retrieve statistics on Real Gross Domestic Product (GDP) and on Real  Personal Consumption Expenditures (PCE) by year for the last ten years.  You can retrieve those statistics from internet sources including, but  not limited to, the Federal Reserve of St. Louis’s FRED web site, the  U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) web  site, or another credible source of your choice. Post these statistics  in a single worksheet of an Excel® workbook and submit your Excel®  file with your report. In your report, discuss the latest 10-year  trends in both GDP and PCE. Also discuss how the trends in GDP compare  with trends in PCE. You are encouraged to include graphs of these  statistics in your report; you could create the graphs in Excel® and copy them into your report.
  • Retrieve statistics on the Effective Federal Funds Rate and on the  Consumer Price Index: All Items Less Food and Energy by year for the  last 30 years. You can retrieve those statistics from internet sources  including, but not limited to, the Federal Reserve of St. Louis’s FRED  web site, the U.S. Department of Labor’s Bureau of Labor Statistics  (BLS) web site, or other credible sources of your choice. Post these  statistics in a single worksheet of an Excel® workbook and submit your Excel®  file with your report. In your report, discuss how the trends in the  Effective Federal Funds Rate compare with trends in inflation. If you  took out a loan to pay for your “big-ticket” purchase, what was the  interest rate on your loan? Were interest rates rising or falling at  that time?  Were interest rates relatively high or low at that time? You  are also encouraged to include graphs of these statistics in your  report.
  • Discuss the influence of any Federal government or state government  programs, such as tax credits or tax deductions for  energy-saving/efficiency purchases, on your decision to make your last  big purchase; or if government incentives did not factor into your  decision, explain why not.
  • Develop conclusions about the economy’s influence on personal and  business decision-making relative to purchases of big-ticket items,  investments, or other major purchases.

Cite a minimum of three peer-reviewed sources. Note:  The Federal Reserve of St. Louis, the Bureau of Economic Analysis, and  the Bureau of Labor Statistics can be cited to fulfill this  requirement.

Format your paper consistent with APA guidelines.

Please follow and like us:
Tweet 176

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

At Myhomeworkwriters.com, we always aim at 100% customer satisfaction. As such, we never compromise the quality of our essay services. Our essay helpers ensure that they craft each paper carefully to match the requirements in the instruction form.

Professional Academic Writers

With Myhomeworkwriters.com, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.

Affordable Prices

Our company maintains a fair pricing system for all paper writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.

On-Time delivery

MyHomeworkWriters guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.

100% Originality

Myhomeworkwriters.com maintains a zero-plagiarism policy. As such, MyHomeworkWriters ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.

Customer Support 24/7

Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email: support@myhomeworkwriters.com.

Try it now!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Samples

Our writers complete papers strictly according to your instructions and needs, no matter what university, college, or high school you study in.

All samples
Analysis (any type)
Argumentative essays
Dissertation/Dissertation chapter
Analysis (any type)
Advantages and disadvantages of lowering the voting age to thirteen
Undergrad. (yrs 1-2)
Political science
View this sample
Argumentative essays
Is euthanasia ethical or not?
Undergrad. (yrs 3-4)
View this sample
Dissertation/Dissertation chapter
Videoconferencing as a teaching tool
Undergrad. (yrs 3-4)
View this sample

Our Essay Writing Services

MyHomeworkWriters holds a reputation for being a platform that provides high-quality academic services. All you need to do is provide us with all the necessary requirements and wait for quality results.


Essay Writing Services

At MyHomeworkWriters, we have highly qualified academic gurus who will offer great assistance towards completing your essays. Our essay help service providers are well-versed with all the aspects of developing high-quality and relevant essays.


Admission and Business Papers

With Myhomeworkwriters.com, we will help you secure a position at your desired institution. Our essay writing services include the crafting of admissions papers. We will still help you climb your career ladder by helping you write the official papers that will help you secure a job. We will guide you on how to write an outstanding portfolio or resume.


Editing and Proofreading

Myhomeworkwriters.com has a professional editorial team that will help you organize your paper, paraphrase it, and eliminate any possible mistakes. Also, we will help you check on plagiarism to ensure that your final paper posses quality and originality.


Technical papers

My Homework Writers harbors professional academic writers from diverse academic disciplines. As such, we can develop essay help services in all academic areas. The simplicity or complexity of the paper does not affect the quality of essay writing services.

Sitemap: https://myhomeworkwriters.com/sitemaps/sitemap.xml User-agent: * Allow: / User-agent: AhrefsBot Crawl-Delay: 1 User-agent: SemrushBot Crawl-Delay: 1
Social media & sharing icons powered by UltimatelySocial