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

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1. Based on the most recent figures, which of the following categories of industry classifications has the greatest profits? ⚫ Financial or nonfinancial Looking at the most recent figures which are Q3 of 2022, we see that nonfinancial had the greatest profits at $2,285.3B whereas financial was $555.8B. • Manufacturing, transportation and warehousing, wholesale trade, or retail trade Again, looking at the Q3 of 2022, we see that Manufacturing had the greatest profits at $635.7B whereas retail profited $312B, Transportation and Warehousing profited $121.6B, and Wholesale profited $229.8B. • Durable goods or nondurable goods Durable goods profited the most for the 3rd quarter at $358.3 where Nonduarable sat at $277.4B 2. During the past years, which sectors had the largest and smallest percentage increase in profit? • From the 2019 to the 2021 annual financial data, the sector that had the smallest increase in profit was Fabricated Metal Products. The largest percentage increase in profit was Transport and Warehouse 3. Which sectors, if any, experienced losses? • According to the data, the only sector that experienced losses was Petroleum and Coal Products. 4. What are the implications of the profit changes for expansion or contraction of the particular industries? ⚫ The profit changes for expansion and contraction of industries shows us that some sectors, due to world events, caused profits to vary wildly over the past 3 years. This can be seen by the uptick in profit for Computer and Electronic Products as people were bound to their homes during COVID. Conversely, we see that Petroleum and Coal Products took a dive from 2018 through 2021 as fewer people were on the road due to lockdown. 5. Reflection: • The information according to the table over the past few years, has been extremely interesting to analyze due to the fact that we went through a global pandemic that drastically changed how much we spend in certain sectors. Some sectors that had fairly consistent profits going back 10 years may have seen substantial increases or decreases in their profits due to COVID. 1. Based on the most recent figures, which of the following categories of industry classifications has the greatest profits? ⚫ Financial or nonfinancial Looking at the most recent figures which are Q3 of 2022, we see that nonfinancial had the greatest profits at $2,285.3B whereas financial was $555.8B. • Manufacturing, transportation and warehousing, wholesale trade, or retail trade Again, looking at the Q3 of 2022, we see that Manufacturing had the greatest profits at $635.7B whereas retail profited $312B, Transportation and Warehousing profited $121.6B, and Wholesale profited $229.8B. • Durable goods or nondurable goods Durable goods profited the most for the 3rd quarter at $358.3 where Nonduarable sat at $277.4B 2. During the past years, which sectors had the largest and smallest percentage increase in profit? • From the 2019 to the 2021 annual financial data, the sector that had the smallest increase in profit was Fabricated Metal Products. The largest percentage increase in profit was Transport and Warehouse 3. Which sectors, if any, experienced losses? • According to the data, the only sector that experienced losses was Petroleum and Coal Products. 4. What are the implications of the profit changes for expansion or contraction of the particular industries? ⚫ The profit changes for expansion and contraction of industries shows us that some sectors, due to world events, caused profits to vary wildly over the past 3 years. This can be seen by the uptick in profit for Computer and Electronic Products as people were bound to their homes during COVID. Conversely, we see that Petroleum and Coal Products took a dive from 2018 through 2021 as fewer people were on the road due to lockdown. 5. Reflection: • The information according to the table over the past few years, has been extremely interesting to analyze due to the fact that we went through a global pandemic that drastically changed how much we spend in certain sectors. Some sectors that had fairly consistent profits going back 10 years may have seen substantial increases or decreases in their profits due to COVID.