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Please help me answer the follwoing questions: The Bureau of Economic Analysis provides profit data for various industries in the United States. Go tohttps://www.bea.gov/ Click
Please help me answer the follwoing questions:
The Bureau of Economic Analysis provides profit data for various industries in the United States.
Go tohttps://www.bea.gov/
Click on Data > by Economic Account > National> Corporate Profits
Scroll down and Click on Interactive Data
Click on Table 6.16D. Corporate Profits by Industry.
- Which sectors, if any, experienced losses? Describe and explain.
- What are the implications of the profit changes for expansion or contraction of the particular industries? i.e. how is supply and demand for labor, land/space, capital, entrepreneurship effected?
Thank you in advance!
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