Consumer spending and retail sales
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Consumer spending and retail sales
Consumer spending refers to the amount of money that consumers, or households, spend on goods and services. Retail sales, on the other hand, refer specifically to the total amount of revenue generated by retailers through the sale of goods to consumers. Both consumer spending and retail sales are closely watched by economists and analysts as indicators of economic activity and growth.
Consumer spending is a key driver of economic growth, as it makes up a significant portion of a country’s gross domestic product (GDP). In the United States, for example, consumer spending accounts for about 70% of GDP. When consumers are spending more money, businesses are more likely to see increased revenue, which can lead to hiring more employees and investing in expansion. This in turn can lead to a virtuous cycle of economic growth.
Retail sales, meanwhile, provide a snapshot of how well the retail sector is doing. When retail sales are strong, it can indicate that consumers have confidence in the economy and are willing to spend money on non-essential goods. When retail sales are weak, it can signal that consumers are feeling uncertain about their financial situation and are cutting back on spending.
There are a number of factors that can influence consumer spending and retail sales. Economic conditions, such as unemployment and income levels, play a big role. When the economy is strong and unemployment is low, consumers are more likely to feel secure in their finances and to spend more money. Conversely, when the economy is weak and unemployment is high, consumers may be more hesitant to spend.
In addition to economic conditions, consumer sentiment can also play a role. Consumer sentiment refers to how consumers feel about the economy and their own financial situation. When consumers are feeling optimistic, they are more likely to spend money. When they are feeling pessimistic, they may be more likely to save or cut back on spending.
Interest rates also can affect consumer spending and retail sales. When interest rates are low, borrowing money is cheaper, which can make it easier for consumers to make big purchases, such as buying a car or a house. When interest rates are high, borrowing money is more expensive, which can make it more difficult for consumers to make big purchases.
Retail sales also can be affected by factors such as consumer demographics, weather, and competition. For example, if a large number of Baby Boomers are reaching retirement age, they may be spending less on clothing and more on travel and leisure activities. If the weather is particularly bad, consumers may be less likely to go out shopping. If there is a lot of competition in the retail sector, retailers may have to lower prices in order to attract customers.
Overall, consumer spending and retail sales are important indicators of economic activity and growth. They are influenced by a variety of factors, including economic conditions, consumer sentiment, interest rates, consumer demographics, weather, and competition. By monitoring consumer spending and retail sales, economists and analysts can gain insight into the health of the economy and make predictions about future economic activity
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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Consumer spending and retail sales
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