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Go to the Bureau of Economic Analysis website (U.S. Bureau of Economic Analysis) and locate the gross domestic product data. Compare the annual figure for the last four years. What do the figures indicate for the next couple of years?

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Submit your responses to the following case in a Word document. Be sure to follow APA 7th guidelines. Please answer the questions completely. Please complete Chapter 2: Putting Principles to Work
Purpose: To familiarize you with the sources of economic information that are important to business decision-makers.
Imagine that your boss asked you to help her to prepare the company’s sales forecast for the coming two years. In the past, she felt that trends in the nation’s GDP, U.S. manufacturing, and employment in Illinois were especially helpful in forecasting sales. She would like you to do the following:
1. Go to the Bureau of Economic Analysis website (U.S. Bureau of Economic Analysis) and locate the gross domestic product data. Compare the annual figure for the last four years. What do the figures indicate for the next couple of years?
2. At the Bureau of Labor Statistics website (U.S. Bureau of Labor Statistics) under “Industries” in the “Topics” box, click on “Industries at a Glance” to find the information about the
manufacturing industry. What is the employment trend in manufacturing over the last four years?
3. Return to the Bureau of Labor Statistics home page (U.S. Bureau of Labor Statistics) and use the Search feature to find trends in employment for the state of Illinois.
Look around the website to see what other information is available. Plot the trend in employment in Illinois over the last four years. On your own, discuss what economic changes may have influenced the trend.
4. Based on the information you have gathered, write a brief summary of what may happen to company sales over the next couple of years.

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