The Bureau of Economic Analysis provides profit data for various industries in the United States.

Go towww.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"

In your initial response to the topic you have to answerallquestions:

1. Based on the most-recent figures, which of the following categories of industry classifications has the greatest profits:

• Financial or nonfinancial
• Manufacturing , transportation and warehousing, wholesale trade, or retail trade
• Durable goods or nondurable goods

2.During the past years, which sectors had the largest and smallest percentage increase in profit?

3. Which sectors, if any, experienced losses?

4. What are the implications of the profit changes for expansion or contraction of the particular industries?

Reflection

-Using macroeconomic terminology,reflect on specifically what is learned from the assignment and how it could apply to accounting