1. Please explain any value-added comments/ insight and questions you have to the discussion below.

According to the most recent figures on the BEA, Non-financial had the greatest profits against financial. Manufacturing has the greatest profits against transportation and warehousing,wholesale trade and retail trade. Non-durable goods have greater profits over durable goods. In general, the non-financial industry classification had the greatest profit in 2022 with a 234 billion increase from Q1 to Q3.

The line 9, domestic industries had the largest percentage increase in profit with 786.8%. Line 20, electrical equipment, appliances, and components had the smallest percentage increase in profit with a whopping .4%

Sectors that experienced loss from the year 2020 to 2021 were Line 5 and 33. These were sectors, rest of the world.

The profit changes implicate expansion as the profit increases. When a company has more profit, they typically grow their business, whether it be more employees, services or locations. If industries profit shows a decrease over the years or quarters, it implies for a contraction. Profit decrease will result in downsizing a business and possibly making some employee cuts to conserve current and future profits.

After completing this assignment, it taught me I will never become an accountant. All of these numbers and equations threw me for a loop. I found week 3's learning resources very helpful, and relatable as a consumer. In my everyday life, I can apply and be concious of utility maximization, as I am a spontaneous spender!

BEA Interactive Data Application. (n.d.). Retrieved January 27, 2023, from https://apps.bea.gov/iTable/?reqid=19&step=3&isuri=1&1921=survey&1903=239