Gross Domestic Product and Economic Growth Power Point Notes

Business Cycle Forecasting
• Prediction is quite difficult
• Leading indicators - set of key economic variables that
economists use to predict future market trends
• stock market
• The Conference Board
“In my opinion the wealth of the country is bound to increase at a
very rapid rate . . . Anyone who believes that opportunities are now
closed and that from now on the country will get worse instead of
better is welcome to the opinion-and whatever increment it will
bring. I think that we have scarcely started . . . I am firm in my
belief that anyone not only can be rich but ought to be rich.
-John Jakob Raskob, interview in the Ladies Home Journal,
August 1929