Document Type


Publication Date

Fall 1997


Just as there are different motivations for wanting to know the weather, there are different motivations for wanting to know current, past, and future economic conditions. A firm or a government agency whose revenues or tax receipts depend on the level of economic activity needs to be able to plan budgets accordingly. Others, such as the Federal Reserve System and financial analysts, need to make decisions based on the state of the economy. An economist needs to know the “facts” about the economy before explaining them.


Published in MassBenchmarks, Vol. 1, No. 1, pp. 19-20:


University of Massachusetts Donahue Institute

Included in

Economics Commons



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