I’m studying for my Economics class and need an explanation.
Answer each question with few sentences
1. Identify and discuss one example of the following environmental forces:1) Demographic/sociological/cultural, 2) political/legal, and 3) technological. These forces should be identified from a news story within the last 30 days.
2. What was the growth rate for Real GDP for the 2nd Quarter, 2020? What is the projected growth rate for Real GDP for 2020? Define and indicate the significance of Real GDP.
3. Define and indicate the significance of the SOFR. What was the SOFR at the time you completed the assignment?
4. Define and indicate the significance of the prime rate. What was the prime rate at the time you completed the assignment?
5. Define and indicate the significance of the federal funds rate. What was the federal funds rate at the time you completed the assignment?
6. For your country indicate the inflation rate, the unemployment rate and the population growth rate. How do these metrics impact economic activity?(Turkey)
7. What is the exchange rate between the Euro and the US Dollar? What is the exchange rate between the US Dollar and the currency of your country (Turkey)? (If there is an overlap in the currencies, choose any two of interest.) Discuss the trends in these exchange rates.
8.Forecast the price of a barrel of oil at December 31, 2020. What is the basis of your projection? What is the importance of the price of a barrel of oil?
9. Discuss credit scores for individuals and provide websites for individuals to find out what their credit score is.