In your initial response to the topic, you have to answerallquestions:Based on the data for the most recent quarter with a complete set of figures, within each of the following categories which sector* or industry had the greatest profits in terms of dollars:a) Financial or nonfinancial?b) Manufacturing, transportation and warehousing, wholesale trade, or retail trade?c)Durable goods or nondurable goods?2. Look at the last five quarters covered in the table. Compare the most recent quarter to the same quarter in the previous year.a) Which sector* had the largest percentage increase in profit (or largest decrease in loss)?b) Which sector* had the smallest percentage increase in profit (or the largest percentage decrease in profit)?3. Which sectors*, if any, experienced losses during any of the last four quarters covered in the table?*Note: By "sector", I mean certain groups larger than an individual industry: These are:"Utilities (Row 14), "Manufacturing" (Row 15), "Durable goods" (Row 16), "Nondurable goods" (Row 23) and Rows 28 through 31. The listings in Rows 17 through 22 and 24 through 27 (the rows which are most indented from the left margin) are industries, not sectors.4. Describe in general terms (without reference to any particular industry or sector) what an increase or decrease in profits in that industry or sector implies for future expansion or contraction of a firm's operations in that industry or sector. Be sure to consider both the case of an increase and the case of a decrease.

Table 6.16D. Corporate Profits by Industry [Billions of dollars] Seasonally adjusted at annual rates Last Revised on: January 26, 2023 - Next Release Date February 23, 2023 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 Line Q1 Q2 Q3 04 Q2 Q3 04 Q1 Q2 03 Q4 Corporate profits with inventory valuation and 2,230.0 2,001.5 2,466.3 2,342.6 2,588.2 2,786.8 2,843.5 2,865.9 2,869.6 3,001.3 3,000.0 --- capital consumption adjustment 2 Domestic industries 1,736.3 1,597.1 2,041.1 1,947.4 2,152.8 2,407.1 2,431.8 2,443.2 2,432.7 2,538.9 2,553.2 --- 3 Financiall 442.4 443.9 438.6 447.8 459.1 516.9 535.6 537.1 510.3 464.3 462. 4 Nonfinancial 1,293.9 1,153.2 1.602.5 1,499.6 1,693.7 1,890.2 1.896.2 1,906.0 1,922.4 2,074.6 2.090.7 5 Rest of the world 493.7 404.4 425.2 395.2 435.4 379. 411.7 422.7 436.9 462.3 446.8 --- 6 Receipts from the rest of the world 790.5 653.7 756.7 777. 344. 850. 887.2 895.0 912.1 968.2 969.1 J Less: Payments to the rest of the world 296.8 249.3 331.5 382.3 409.3 471.0 175.5 172. 475.2 505.8 522.3 8 Corporate profits with inventory valuation 2,285.5 2,114.1 2,606.8 2,487.4 2,688.6 2,883.1 2,951.8 3,001.4 3,081.6 3,252.7 3,288.0 --- adjustment 9 Domestic industries 1,791.8 1,709.7 2,181.6 2,092.2 2,253.2 2,503.4 2,540.1 2,578.6 2,644.7 2,790.4 2,841.2 --- 10 Financial 501.2 514.6 515.7 526.9 530.4 587.5 608.3 613.6 593.4 552.4 555.8 11 Federal Reserve banks 78.6 86.2 102.6 91.5 82.1 113.5 128.4 128.5 142.7 130.7 42.5 12 Other financial2 422.6 428.4 413.1 435.3 448.3 474.0 479.9 485.1 450.7 421.8 513.3 13 Nonfinancial 1,290.6 1,195.1 1,665.9 1,565.3 1,722.8 1,915.9 1,931.8 1,965.0 2,051.3 2,237.9 2,285.3 14 Utilities 17.3 27.3 25.3 32.4 28.7 17.4 24.6 23.6 26.2 27.9 36.0 15 Manufacturing 348.0 250.6 361.8 357.4 387.8 427.6 457.7 514.9 548.1 616.9 635. 16 Durable goods 200.6 151.7 240.9 237.2 262.0 260.8 285.2 292.9 332.7 359.9 358.3 17 Fabricated metal products 29.2 16.3 31.3 30.8 30.0 22.5 27.0 30.9 42.0 44.0 48.1 18 Machinery 28.0 22.0 38.9 32.9 33.6 27.7 30.9 29.7 38.7 46.1 53.3 19 Computer and electronic products 75.5 75.2 75.0 88.7 104.8 108.2 101.0 102.0 112.0 108.8 97.1 20 Electrical equipment, appliances, and 4.6 8.1 11.8 8.3 8.7 5.8 7.3 5.0 7.7 8.7 10.1 components 21 Motor vehicles, bodies and trailers, and parts 1.9 -0.6 3.2 -2.7 2.8 -1.7 4.1 12.4 19.1 26.7 32.3 22 Other durable goods3 61.5 30.7 80.7 79.2 82.0 98.3 114.8 112.9 113.2 125.5 117.4 23 Nondurable goods 147.3 98.9 120.9 120.2 125.8 166.8 172.5 222.0 215.4 257.0 277.4 24 Food and beverage and tobacco products 62.0 70.9 72.0 71.2 72.5 69.0 64.2 67.1 55.2 58.6 65.8 25 Petroleum and coal products -10.9 56.5 65.2 61.9 26.2 -5.5 -5.2 10.1 11.3 49.7 67.1 26 Chemical products 66.4 64.4 69.5 66.6 44.6 73.6 82.8 106.2 102.3 99.4 98.2 27 Other nondurable goods4 29.8 20.1 44.6 44.4 34.9 29.7 30.8 38.6 46.5 49.3 46.3 28 Wholesale trade 147.5 121.8 146.4 153.2 136.7 154.1 170.3 176.0 190.3 184.9 229.8 29 Retail trade 172.3 220.5 269.4 258.5 $08. 336.3 301. 298.5 297.3 307.4 312.0 30 Transportation and warehousing 33.0 26.0 45.6 47.3 74.6 108.9 94.9 96.8 89.4 124.4 121.6 31 Information 136.3 117.9 149.9 150.9 152.0 166.0 159.2 159.4 161.7 151.8 152.4 32 Other nonfinancial5 436.2 431.0 667.5 565.7 634.1 705.5 723.5 695.8 738.3 824.6 797.8 33 Rest of the world 493.7 404.4 425.2 395.2 435.4 379.7 411.7 422.7 436.9 462.3 446.8