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ACT 3060
Jennifer Lewin

Minh Hoang Professor Susan McElroy ECON 4320 27 January 2014 Economics in the United States Department of Commerce The United States Department of Commerce, abbreviated as the DOC, is concerned with the promotion of economic growth. Its self-stated mission is to “promote job creation and improved living standards for all Americans by creating an infrastructure that promotes economic growth, technological competitiveness, and sustainable development. It works to open up new markets for U.S. goods and services to maintain the United States’ international presence. It also promotes progressive policies back home to help businesses and their affected communities grow. Economics play a huge role in the department, from being the guidelines for policy making and promotion to its central role in one of the main agencies under the DOC, the Economics and Statistics Administration (ESA). The Economics and Statistics Administration “provides timely economic analysis, disseminates national economic indicators, and oversees the U.S. Census Bureau and the Bureau of Economic Analysis.” The things produced by this administration reach to far beyond just the Department of Commerce, seeing as the administration produces fact sheets, reports, and briefings on both policy issues and the latest economic events. These all require use of various economic analysis methods. Fiscal impact analysis is very comprehensive and deals with the study of the impact that any pr
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