Consumer Confidence Survey

As you recently learned, the four components of GDP, or four sectors of the economy are:
Consumption
Investment
Government
Net Exports
Throughout this chapter, you learned how significant Consumption (consumerism) is in our economy. In fact, it drives about 70% of our economy! Since
Consumption is such an important piece of our economy, many economic indicators are utilized to measure this sector. One such measure is the Consumer
Confidence Survey. It is a survey given to consumers to measure how confident they are about the economy because higher confidence generally translates
into future increased spending and lower confidence generally translates into future decreased spending.
Take a look at the current Consumer Confidence Data. (Links to an external site.) As you can see, the most recent survey numbers are usually released the
last Tuesday of the month.…