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EconNews Online is South-Western's service to provide summaries of the latest economics news stories. Review the brief summaries and, for stories of interest, select the full summary. |
| NATIONAL INCOME ACCOUNTS | |
| Title | Brief Summary |
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Consumers Appear Pessimistic
Full Summary |
A fall in the Consumer
Confidence Index of nearly five points in September could lead to a slow
and disastrous holiday shopping season for retailers. The latest Consumer
Confidence Index came in at 76.8, compared to 81.7 in August. This figure
indicates that consumers have become more pessimistic about the strength
of the U.S. economy. (Updated October 7, 2003) |
|
Consumer Confidence Crisis
Full Summary |
Consumption, the largest
spending component in the National Income Accounts, depends heavily on consumer
expectations and consumer confidence. The latest report by a New York based
business industry group reported that the July Consumer Confidence Index
fell by nearly seven points in July. This surprise drop adds new worries
of recession for the already struggling national economy. (Updated August 27, 2003) |
|
How Domestic is GDP?
Full Summary |
Critics have voiced
limitations of the GDP, which is used to measure economic welfare, among
other things, and depends on many factors¾only some of which are included
in GDP Responding to this criticism, a study focused on the amount of unpaid
work that takes place. (Updated November 1, 2000) |
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