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Tuesday 19 February 2013

Fundamental of Macroeconomics

Fundamentals of Macro economics

Part 1: Describe the following legal injury in your word.
+ Gross domestic product (GDP): this is the total food market value of solely products/final goods and work produced by all the race and all the companies in an saving for the period of year.
+ real number GDP: The real GDP also called real evolution domestic product, is the value of all goods and services produced by a country expressed in the prices of some base year.
+ nominated GDP calculated at existing prices.
+ Unemployment rate posting the number of pile without a job this another economic
+ Inflation rate measure the price of the product and services offered to people. Basically, it expresses the average price of the goods such as food, medical c are, and run…that consumers use.
+ Inte sojourn rate: is the bullion that banks or some melodic line remunerative or charge for the use of their m whizy, it is expressed in percent. In the case of banks, this is usually charge for the use of the money lend as a form of loans and credit cards, and it is paid to costumers when the bank use the money to make those loans.
Part 2: Consider the following examples of economic activities:
1. Purchasing of groceries
2. Massive layoff of employees
3.

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drop-off in taxes
 Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity:
 The U.S. economy is divided in three sectors that are household, business, and government. The three sectors are important because they are interconnected, which at the same time connect the U.S economy with the rest of the world economy. This interconnection allows the flow of goods and services between countries, businesses, and people through purchases, exporting and importing. The effect of purchasing to the government is that if people stop spending their money on purchase the economy growth will slow down. On the other slip by purchase can have a positive...If you want to nail a full essay, order it on our website: Ordercustompaper.com



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