An Industry Economics White PaperOpen the (51121) Industry report in IBISWorld, and in the “Search within this Report” box, enter “economic” and hit enter. Repeating the search with “economy” is suggested. Using the information, you will write a white paper.BackgroundDeliver a ½ page background on the Target Industry. Research required.COVID-19 Impact on EconomyExplain the general impact and how it affected the industry. (½ page) Research required.Current Industry PerformanceInclude information about the industry’s current performance from an economic perspective. At least one source other than IBISWorld must be used in this section. It should have been published within the last year. (1 page) Research required.Industry OutlookInclude information about the industry’s future from an economic perspective. At least one source other than IBISWorld must be used in this section. It should have been published within the last year. (½ page) Research required.No quotations are permitted in this paper. Since you are engaging in research, be sure to cite and reference the sources in APA format. NOTE: Failure to use research with accompanying citations to support content will result in reduced scoring “Level 2-Developing” across the grading rubric. This is a professional paper, not a personal one based on feelings. It must be written in the third person. This means words like “I,” “we,” and “you” are not appropriate.Your submission will include:A paper with APA citations (2- or 3-sentence introduction, 2½ -page body, 2- or 3-sentence conclusion)The reference list page in APA format