Week 9 Task: Questions

Week 9 Task: Questions

  1. (22.5 pts) Week 9 Task: Explain how the article applies to the real world, your major, your current job,
    or your future career goal. Describe several connections, using specific examples, between the
    information presented, its problem and its larger impact to the world/your major/current job/future
    career goal (1-2 paragraphs).

The main information contained in the article is the increasing price of living. Two of the major factors considered in the analysis include the cost of used vehicles and fuel. The information is applicable to the general economic situation around the world as costs of living have shattering from one country to another since the Covid-19 epidemic. It is a good illustration of my interest area in the field of business. The economic information related to the purchase and sales of consumer products like fuel is always an important and fascinating area that I’m eager to dive into for consulting services. Economics requires a better knowledge of the trends that influence consumption and expenditure and the data in this article is one of the primary concepts that business analysts must follow. According to the article, the price of a gallon of gas has nearly doubled in a single year (Shen 2022). These reports form the basis for analysis and recommendations that could be given when economists step forward to provide the rationale and the implications of this increase.

6. (30 points) Week 9 Assignment What solutions would you suggest based on the an analysis of the data and the conclusions drawn? Offer a range of viable and relevant solutions that are based on the analysis of the data and the conclusions drawn from the mathematical and visual data by the author. (1-2 paragraphs; see week 7 and 8 of Learn on Blackboard).

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