Economic Indicators Economic indicators are considered tools for a group of people or person wanting to view a particular economy progress. These tools provide a guideline for a government, business or a person to be able forecast potential product purchases or production in an existing economy. Our team has selected six common economic tools to compare the motorcycle industry in the United States. These six indicators are retail sales, personal income, capacity utilization, unemployment rate, inflation rate and the real gross domestic product (GDP). When a consumer wants to view an existing economy to see if he or she wants to purchase an item such as motorcycle, one of the first indicators a consumer can observe in an existing economy is retail sales and their personal income. Retail sales and personal income Personal income and retail sales has always been a good indicator of just how much consumers are willing to spend on luxury items such as motorcycles. Assuming the global economy is not too timid with political unrest, and luxury buying consumers are willing to s......

Word Count: 1770
Page Count: 7 (250 words a page / double spaced)

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