The document discusses statistics from the Bureau of Labor Statistics regarding the labor force and unemployment rate. It provides data that shows the unemployment rate decreased slightly from August to July, while the number of people not in the labor force has been increasing overall based on the statistics presented in a table and graph. The increasing number of people not in the labor force could impact the unemployment rate.
This document outlines the requirements for students to receive credit by submitting current event articles from newspapers, magazines, or the internet. To receive credit, the article must be about science, at least 5 paragraphs long, include a graphic, and have important information underlined or highlighted. Students must summarize the important underlined information in their summary. Students must submit two articles, with the first due on progress report day and the second due on the six weeks test. The summary format requires including the article title, source, date, brief explanation of how it relates to science, a 5 sentence summary without plagiarism, analysis of the author's purpose and position, analysis of any drawings or diagrams, conclusions, and attaching the article.
There are three types of facts in a fact table: additive, semi-additive, and non-additive. Additive facts can be summed across all dimensions, semi-additive facts can be summed for some but not all dimensions, and non-additive facts cannot be summed across any dimension. Sales amount is an additive fact, current balance is semi-additive as it can be summed by account but not time, and profit margin is non-additive. Fact tables are also either cumulative, describing events over time with mostly additive facts, or snapshot, describing a single point in time with more semi-additive and non-additive facts.
CHAPTER 18 SLIDE 1
Economic Growth
SLIDES CREATED BY ERIC CHIANG
7
ATHENAR / DREAMSTIME.COM
1
Describe how economic growth is measured using real GDP and real GDP per capita.
Use the Rule of 70 to approximate the number of years it takes for an economy’s output to double in size.
Explain the power of compounding in making small differences much larger over time.
Explain the difference between short-run growth and long-run growth.
CHAPTER OBJECTIVES
CHAPTER 18
SLIDE 2
2
Economic Growth
SLIDE 3
Economic growth can be represented in three ways.
By an upward slope in the trend GDP.
By an outward shift in the PPF.
By an increase (outward shift) in the LRAS.
CHAPTER 18
3
Economic Growth
SLIDE 4
Trend
Peak
Peak
Trough
Recession
Recovery
REAL GDP
TIME
CONTRACTION
EXPANSION
CHAPTER 16
4
Economic Growth
SLIDE 5
PPFB
LONG-RUN GROWTH
PPFA
CHAPTER 18
5
SLIDE 6
AGGREGATE PRICE LEVEL (P)
AGGREGATE OUTPUT (Q)
LRAS0
0
Q0
LRAS1
Q1
CHAPTER 20
ECONOMIC GROWTH
SRAS0
SRAS1
6
Economic Growth
SLIDE 7
Three questions:
Why is growth important?
How do we measure growth?
Where does growth come from and what choices can government make to generate growth?
CHAPTER 18
7
ECONOMIC GROWTH IS THE PRIMARY FACTOR IN EXPLAINING HOW WELL PEOPLE LIVE, THEIR STANDARD OF LIVING.
SLIDE 8
JAKE WYMAN/CORBIS
CHAPTER 18
8
SLIDE 9
LIVING
STANDARD OF
BETTER
ZRS MANAGEMENT
CHAPTER 18
9
SLIDE 10
CHANG’AN AVENUE, BEIJING, CHINA
1981
DEAN CONGER/CORBIS
CHAPTER 18
10
SLIDE 11
CHANG’AN AVENUE, BEIJING, CHINA
2011
TAO IMAGES LIMITED / ALAMY
CHAPTER 18
11
WHY IS ECONOMIC GROWTH IMPORTANT?
reduced poverty rates
improved health and longer life expectancies
greater investment in education and technology
SLIDE 12
Factors resulting from economic growth that contribute to the standard of living:
CHAPTER 18
12
SLIDE 13
ECONOMIC GROWTH IS MOST COMMONLY MEASURED BY REAL GDP AND REAL GDP PER CAPITA.
GROWTH
REAL GDP
WAYNE0216 | DREAMSTIME.COM
CHAPTER 18
13
REAL GDP AND REAL GDP PER CAPITA
SLIDE 14
REAL GDP
TOTAL OUTPUT IN A YEAR MEASURED IN CONSTANT-YEAR PRICES
REAL GDP PER CAPITA
REAL GDP DIVIDED BY POPULATION
CHAPTER 18
14
SLIDE 15
AGGREGATE PRICE LEVEL (P)
AGGREGATE OUTPUT (Q)
LRAS0
0
Q0
LRAS1
Q1
CHAPTER 20
MEASURING REAL GDP GROWTH
Economic growth means there has been an increase in real GDP.
15
MEASURING REAL GDP GROWTH
SLIDE 16
Compares GDP at the current quarter with the previous year; provides trend in growth for the entire year.
ANNUALIZED RATE
YEAR-OVER-YEAR RATE
The quarterly change in GDP is multiplied by 4; highlights seasonal fluctuations in growth.
The Bureau of Economic Analysis (BEA) provides quarterly reports on changes in U.S. GDP. The reports reflect the:
CHAPTER 18
16
SLIDE 17
COMPOUNDING
COMPOUNDING
COMP ...
The document discusses key macroeconomic concepts including real GDP, economic growth and fluctuations, unemployment, inflation, interest rates, and the role of fiscal and monetary policy. It provides figures and tables illustrating trends in these metrics in the US economy over the 20th century, including business cycles, recessions, and the Great Depression. Government policies aim to stabilize aggregate demand and mitigate economic fluctuations through fiscal and monetary tools.
The document discusses key macroeconomic concepts including real GDP, economic growth and fluctuations, unemployment, inflation, interest rates, and the role of fiscal and monetary policy. It provides figures and tables illustrating trends in these metrics in the US economy over the 20th century, including business cycles, recessions, and the Great Depression. Government policies aim to stabilize aggregate demand and mitigate economic fluctuations through fiscal and monetary tools.
The document discusses key macroeconomic concepts including real GDP, economic growth and fluctuations, unemployment, inflation, interest rates, and the role of fiscal and monetary policy. It provides figures and tables illustrating trends in these metrics in the US economy over the 20th century, including business cycles, recessions, and the Great Depression. Government policies aim to stabilize aggregate demand and mitigate economic fluctuations through fiscal and monetary tools.
Paper 106.docEco 106 Principles of MacroeconomicsTOPIC Rece.docxbunyansaturnina
Paper 106.doc
Eco 106 Principles of Macroeconomics
TOPIC: Recent US Macroeconomic Performance and Prospects
A short paper that sets out your view of recent US macroeconomic performance and the prospects for the US economy looking forward. The paper should be five pages in length, not counting any graphs or tables you attach.
I) Topic and Generic Outline
In this paper you systematically summarize the material you have been reading in the newspapers and online about the US economy. You will have read different authors, banks and blogs all of which present a particular view of the near-term prospects (or outlook) for the US economy. Which factors and policies seem like they will be the most important determinants of the future course of the economy?
You should note carefully the two quarter period that will be your “forecast period”.
Course Paper Forecast Sources. These sources all have tables that you can use to build your own forecast table. Many of these sources also have short discussions of the outlook for the US economy, although a few of them are just tables of predictions. Remember to put your own forecast numbers in your table!
Links:
(BMO Capital Markets Forecast Table
https://economics.bmocapitalmarkets.com/economics/forecast
https://economics.bmocapitalmarkets.com/economics/forecast/us/usmodel.pdf
RBC Economic Research (look for Quarterly Economic Update)
http://www.rbc.com/economics/
Northern Trust US Economic & Interest Rate Outlook
https://www.northerntrust.com/insights-research/market-economic-commentary/us-economic-outlook
Wall Street Journal: Economic Forecasting Survey (Updated Monthly)
http://projects.wsj.com/econforecast/#ind=gdp&r=20
Philadelphia FRB Survey of Professional Forecasters. Quarterly.
http://www.phil.frb.org/research-and-data/real-time-center/survey-of-professional-forecasters/
Philadelphia FRB Livingston Survey. Twice a year. June and December
http://www.philadelphiafed.org/research-and-data/real-time-center/livingston-survey/
US Government:
FRB Summary of Economic Projections, part of the FOMC minutes, four times a year
http://federalreserve.gov/monetarypolicy/
There is a link to the “Meeting Calendar” page that indicates which meeting minutes have the Summary of Economic Projections. This is the FRB’s forecast.
CBO Congressional Budget Office, Budget and Economic Projections
http://cbo.gov go to /topics/economy/economic-projections
Sources below are more specialized
Conference Board Forecast Table
http://www.conference-board.org/data/usforecast.cfm
(Do not let them trick you into paying for anything.)
Wells Fargo (Weekly) Macro Strategy Economy https://www.wellsfargoadvisors.com/market-economy/economic-market-reports/weekly-economic-analysis.htm
RSEQ Forecast Summary Memo (U of Michigan) Executive Summary ONLY.
http://rsqe.econ.lsa.umich.edu/?page=forecasts&name=US
NAHB National Association of Home Builders (homebuilding and its impact on the economy) https://www.nahb.org/en/res.
The document discusses statistics from the Bureau of Labor Statistics regarding the labor force and unemployment rate. It provides data that shows the unemployment rate decreased slightly from August to July, while the number of people not in the labor force has been increasing overall based on the statistics presented in a table and graph. The increasing number of people not in the labor force could impact the unemployment rate.
This document outlines the requirements for students to receive credit by submitting current event articles from newspapers, magazines, or the internet. To receive credit, the article must be about science, at least 5 paragraphs long, include a graphic, and have important information underlined or highlighted. Students must summarize the important underlined information in their summary. Students must submit two articles, with the first due on progress report day and the second due on the six weeks test. The summary format requires including the article title, source, date, brief explanation of how it relates to science, a 5 sentence summary without plagiarism, analysis of the author's purpose and position, analysis of any drawings or diagrams, conclusions, and attaching the article.
There are three types of facts in a fact table: additive, semi-additive, and non-additive. Additive facts can be summed across all dimensions, semi-additive facts can be summed for some but not all dimensions, and non-additive facts cannot be summed across any dimension. Sales amount is an additive fact, current balance is semi-additive as it can be summed by account but not time, and profit margin is non-additive. Fact tables are also either cumulative, describing events over time with mostly additive facts, or snapshot, describing a single point in time with more semi-additive and non-additive facts.
CHAPTER 18 SLIDE 1
Economic Growth
SLIDES CREATED BY ERIC CHIANG
7
ATHENAR / DREAMSTIME.COM
1
Describe how economic growth is measured using real GDP and real GDP per capita.
Use the Rule of 70 to approximate the number of years it takes for an economy’s output to double in size.
Explain the power of compounding in making small differences much larger over time.
Explain the difference between short-run growth and long-run growth.
CHAPTER OBJECTIVES
CHAPTER 18
SLIDE 2
2
Economic Growth
SLIDE 3
Economic growth can be represented in three ways.
By an upward slope in the trend GDP.
By an outward shift in the PPF.
By an increase (outward shift) in the LRAS.
CHAPTER 18
3
Economic Growth
SLIDE 4
Trend
Peak
Peak
Trough
Recession
Recovery
REAL GDP
TIME
CONTRACTION
EXPANSION
CHAPTER 16
4
Economic Growth
SLIDE 5
PPFB
LONG-RUN GROWTH
PPFA
CHAPTER 18
5
SLIDE 6
AGGREGATE PRICE LEVEL (P)
AGGREGATE OUTPUT (Q)
LRAS0
0
Q0
LRAS1
Q1
CHAPTER 20
ECONOMIC GROWTH
SRAS0
SRAS1
6
Economic Growth
SLIDE 7
Three questions:
Why is growth important?
How do we measure growth?
Where does growth come from and what choices can government make to generate growth?
CHAPTER 18
7
ECONOMIC GROWTH IS THE PRIMARY FACTOR IN EXPLAINING HOW WELL PEOPLE LIVE, THEIR STANDARD OF LIVING.
SLIDE 8
JAKE WYMAN/CORBIS
CHAPTER 18
8
SLIDE 9
LIVING
STANDARD OF
BETTER
ZRS MANAGEMENT
CHAPTER 18
9
SLIDE 10
CHANG’AN AVENUE, BEIJING, CHINA
1981
DEAN CONGER/CORBIS
CHAPTER 18
10
SLIDE 11
CHANG’AN AVENUE, BEIJING, CHINA
2011
TAO IMAGES LIMITED / ALAMY
CHAPTER 18
11
WHY IS ECONOMIC GROWTH IMPORTANT?
reduced poverty rates
improved health and longer life expectancies
greater investment in education and technology
SLIDE 12
Factors resulting from economic growth that contribute to the standard of living:
CHAPTER 18
12
SLIDE 13
ECONOMIC GROWTH IS MOST COMMONLY MEASURED BY REAL GDP AND REAL GDP PER CAPITA.
GROWTH
REAL GDP
WAYNE0216 | DREAMSTIME.COM
CHAPTER 18
13
REAL GDP AND REAL GDP PER CAPITA
SLIDE 14
REAL GDP
TOTAL OUTPUT IN A YEAR MEASURED IN CONSTANT-YEAR PRICES
REAL GDP PER CAPITA
REAL GDP DIVIDED BY POPULATION
CHAPTER 18
14
SLIDE 15
AGGREGATE PRICE LEVEL (P)
AGGREGATE OUTPUT (Q)
LRAS0
0
Q0
LRAS1
Q1
CHAPTER 20
MEASURING REAL GDP GROWTH
Economic growth means there has been an increase in real GDP.
15
MEASURING REAL GDP GROWTH
SLIDE 16
Compares GDP at the current quarter with the previous year; provides trend in growth for the entire year.
ANNUALIZED RATE
YEAR-OVER-YEAR RATE
The quarterly change in GDP is multiplied by 4; highlights seasonal fluctuations in growth.
The Bureau of Economic Analysis (BEA) provides quarterly reports on changes in U.S. GDP. The reports reflect the:
CHAPTER 18
16
SLIDE 17
COMPOUNDING
COMPOUNDING
COMP ...
The document discusses key macroeconomic concepts including real GDP, economic growth and fluctuations, unemployment, inflation, interest rates, and the role of fiscal and monetary policy. It provides figures and tables illustrating trends in these metrics in the US economy over the 20th century, including business cycles, recessions, and the Great Depression. Government policies aim to stabilize aggregate demand and mitigate economic fluctuations through fiscal and monetary tools.
The document discusses key macroeconomic concepts including real GDP, economic growth and fluctuations, unemployment, inflation, interest rates, and the role of fiscal and monetary policy. It provides figures and tables illustrating trends in these metrics in the US economy over the 20th century, including business cycles, recessions, and the Great Depression. Government policies aim to stabilize aggregate demand and mitigate economic fluctuations through fiscal and monetary tools.
The document discusses key macroeconomic concepts including real GDP, economic growth and fluctuations, unemployment, inflation, interest rates, and the role of fiscal and monetary policy. It provides figures and tables illustrating trends in these metrics in the US economy over the 20th century, including business cycles, recessions, and the Great Depression. Government policies aim to stabilize aggregate demand and mitigate economic fluctuations through fiscal and monetary tools.
Paper 106.docEco 106 Principles of MacroeconomicsTOPIC Rece.docxbunyansaturnina
Paper 106.doc
Eco 106 Principles of Macroeconomics
TOPIC: Recent US Macroeconomic Performance and Prospects
A short paper that sets out your view of recent US macroeconomic performance and the prospects for the US economy looking forward. The paper should be five pages in length, not counting any graphs or tables you attach.
I) Topic and Generic Outline
In this paper you systematically summarize the material you have been reading in the newspapers and online about the US economy. You will have read different authors, banks and blogs all of which present a particular view of the near-term prospects (or outlook) for the US economy. Which factors and policies seem like they will be the most important determinants of the future course of the economy?
You should note carefully the two quarter period that will be your “forecast period”.
Course Paper Forecast Sources. These sources all have tables that you can use to build your own forecast table. Many of these sources also have short discussions of the outlook for the US economy, although a few of them are just tables of predictions. Remember to put your own forecast numbers in your table!
Links:
(BMO Capital Markets Forecast Table
https://economics.bmocapitalmarkets.com/economics/forecast
https://economics.bmocapitalmarkets.com/economics/forecast/us/usmodel.pdf
RBC Economic Research (look for Quarterly Economic Update)
http://www.rbc.com/economics/
Northern Trust US Economic & Interest Rate Outlook
https://www.northerntrust.com/insights-research/market-economic-commentary/us-economic-outlook
Wall Street Journal: Economic Forecasting Survey (Updated Monthly)
http://projects.wsj.com/econforecast/#ind=gdp&r=20
Philadelphia FRB Survey of Professional Forecasters. Quarterly.
http://www.phil.frb.org/research-and-data/real-time-center/survey-of-professional-forecasters/
Philadelphia FRB Livingston Survey. Twice a year. June and December
http://www.philadelphiafed.org/research-and-data/real-time-center/livingston-survey/
US Government:
FRB Summary of Economic Projections, part of the FOMC minutes, four times a year
http://federalreserve.gov/monetarypolicy/
There is a link to the “Meeting Calendar” page that indicates which meeting minutes have the Summary of Economic Projections. This is the FRB’s forecast.
CBO Congressional Budget Office, Budget and Economic Projections
http://cbo.gov go to /topics/economy/economic-projections
Sources below are more specialized
Conference Board Forecast Table
http://www.conference-board.org/data/usforecast.cfm
(Do not let them trick you into paying for anything.)
Wells Fargo (Weekly) Macro Strategy Economy https://www.wellsfargoadvisors.com/market-economy/economic-market-reports/weekly-economic-analysis.htm
RSEQ Forecast Summary Memo (U of Michigan) Executive Summary ONLY.
http://rsqe.econ.lsa.umich.edu/?page=forecasts&name=US
NAHB National Association of Home Builders (homebuilding and its impact on the economy) https://www.nahb.org/en/res.
Presentation Title
Your Name
ECO 202
Instructor Name
ECO 202
Choose a title for your presentation.
Include your name, the course name and the assignment name.
1
Ten-Year Period of U.S. Economic History Overview
This slide should include a brief overview of the 10-year period between 1950 and today that you chose for this presentation.
ECO 202
Write a brief overview of the time period you chose.
To give greater impact, make sure to be brief in the slide and explain in the speaker’s notes.
Imagine that you have to present the PowerPoint to an audience.
The slides are an outline for the audience to follow your presentation.
The speaker’s notes would be what you are going to say.
2
GDP (1–2 slides)
Gross Domestic Product (GDP) and Growth
Show a graph of real GDP growth rates for each year of your decade and highlight significant changes in growth rates, such as dips or negative growth (recession) or booms (economic expansion)
Real GDP data can be found here at FRED, the research database of the St. Louis Federal Reserve—adjust the data to your 10-year period and use these numbers to calculate the growth rate
Choose two or three of the most relevant events from this time period that impacted the U.S. economy. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time period.
You can use the GDP formula to explain how an event impacted GDP growth. For instance, if there was large increase in military spending because of a war, we would expect to see an increase in GDP.
Be sure the connections you make are supported by the data you present.
ECO 202
Start with the first topic you want to present.
First research the main idea you want to talk about, research sources, images/graphs/diagrams/tables.
Try to express the main concepts in a brief manner, such as via bullet points and images with key words.
Explain the slide in the speaker’s notes.
3
Unemployment and Inflation (1–2 slides)
Analyze unemployment and inflation data as to their relation to output and growth, using macroeconomic principles and models to explain their effect.
Show graphs of both annual inflation rates and annual unemployment rates throughout your decade.
Find data on inflation rates here
Find data on unemployment here
Explain how inflation and unemployment are calculated for the data presented
Discuss how changes in both are related to changes in GDP growth
Apply specific models developed throughout the course to demonstrate how the previously selected events influenced both unemployment and inflation during this time period.
Discuss how the events impacted both economic indicators
For the final draft, look to include our AD-AS model to illustrate how events led the changes observed in both
ECO 202
Make sure to include speaker’s notes.
4
Interest Rates (1–2 slides)
Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy.
Show .
ANSWER SHEETIMPORTANT STUDENT PLEASE COMPLETE ALL INFORMATION B.docxrossskuddershamus
ANSWER SHEET
IMPORTANT: STUDENT PLEASE COMPLETE ALL INFORMATION BELOW BEFORE SUBMITTING BACK TO YOUR INSTRUCTOR/Assignment Folder.
STUDENT PLEDGE: By typing my name below, I am confirming that I have completed the answers to this final examination myself and to the best of my ability, and that I have used my own words (not plagiarized) to answer short answer and essay questions.
STUDENT NAME___Type Your Name Here___
DATE COMPLETED/SUBMITTED ___INSERT DATE_____
[To Student: All your answers should be entered on this Answer Sheet. Submit this Answer Sheet to your Assignment Folder when completed.]
Instructor: David Byres. Course: BIOL 101 Section: 6982
Due: This Answer sheet should be submitted to your Assignment Folder within 3 hours of downloading the Exam.
Latest deadline for submission: 11:59p.m. 7/26/2015
Multiple Choice (Answer 30 Questions)
Type in the letter that represents your best answer to the corresponding question from the original final exam document.
1. 16.
2. 17.
3. 18.
4. 19.
5. 20.
6. 21.
7. 22.
8. 23.
9. 24.
10. 25.
11. 26.
12. 27.
13. 28.
14. 29.
15. 30.
Short Answer (Answer 3 Questions)
Complete these answers in your own words. Follow instructions in the Final Examination document. Answer all questions according to the instructions. Number each question here according to its number in the Final Examination document provided by your instructor. Each answer should be between two paragraphs and half a page in length.
Essay (Answer 2 Questions)
Complete these answers in your own words. Follow instructions in the Final Examination document. Number each question here according to its number in the Final Examination document provided by your instructor. Each answer should be roughly one page in length.
103:
Intermediate
Macroeconomics
Homework
4
Due
on
23rd
July
2015
Topic
7a:
Income
and
Spending
Conceptual
questions:
1. We call the model of income determination developed in this chapter a Keynesian
one. What makes it Keynesian, as opposed to classical?
2. What is an autonomous variable? What components of aggregate demand have
we specified, in this chapter, as being autonomous?
3. Why do we call mechanisms such as proportional income taxes and the welfare
system automatic stabilizers? Choose one of these mechanisms and explain
carefully how and why it affects fluctuations in output.
4. Show analytically what happens to the budget surplus when government increases
its expenditures.
Technical Questions:
5. Here we investigate a particular example of the model studied in Sections 9-2 and
9-3 with no government. Suppose the consumption function is given by C = 100 +
.8Y, while investment is given by I = 50.
a. What is the equilibrium level of income in this case?
b..
ECO 5360 Economic Development Macro Thomas OsangFall 2019.docxmadlynplamondon
ECO 5360: Economic Development: Macro Thomas Osang
Fall 2019
Guide for Country Report:
The report should consist of four parts.
Part I (2-3 pages)
In part I you should present qualitative information that you consider
important in understanding the development process of the country such
as a brief economic and political history of the country as well as social
or cultural characteristics that are important to understand the country’s
economic development.
You may find relevant qualitative information about the country in
books, newspapers (such as New York Times and the Wall Street Journal),
and magazines (such as Times, Newsweek, and The Economist). Be aware
that, among other things, proper referencing of your sources of information
in the main text is required to receive high marks for part I. Also, a map of
the country should be placed in Appendix A at the end of your paper.
Part II (8-10 pages)
In part II you should present and discuss quantitative information re-
garding the main economic performance variables followed by the various
determinants of development: demographics, capital accumulation, human
capital formation, income inequality, government role and performance, ge-
ographic factors, and international linkages.
Graphs and/or tables of as many variables as possible should be pre-
sented in Appendix B at the end of your paper. Label your graphs and
tables using increasing numerals: B1, B2, B3, ...
Be aware that, among other things, proper referencing of your graphs
and tables in the main text is required to receive high marks for part II.
Most importantly, when you discuss the graphs selected for part II make
sure you include both a simple description of the graph as well as an eco-
nomic explanation of what is shown in the graph.
Below you find a list of potential variables you may want to discuss
in part II. Time series indicates that you should be able to collect data
covering most of the years between 1960 and the last year in your data set.
Select years means that you should start with the latest year for which data
are available and then work backward to add as many years as possible.
Note that the following list is fairly detailed - you may not be able to find
data on all variables listed below. As a rule of thumb, you should aim to
produce between 35 and 40 graphs for this part. Part II should have eight
subsections in the same order as the ones on the syllabus. These graphs and
tables should contain information on your chosen country only.
List of potential variables to be discussed in Part II and III:
1. Economic Performance
(a) GDP per capita in constant U.S. Dollars
(b) GDP per capita in constant PPP-adjusted U.S. Dollars
(c) average growth rate of GDP Per Capita per decade (in constant
or PPP-adjusted U.S. Dollars) (i.e., 60s, 70, 80s, 90s, 00s)
(d) unemployment rate
2. Demographics
(a) population
(b) population growth
(c) crude death rate
(d) crude birth rate
(e) total fertility rate
(f) ...
This document provides an overview of real GDP and its components. It explains that real GDP can be used to measure total economic output or output per capita. The four main components of GDP are defined as consumption, investment, government spending, and net exports. Consumption makes up the largest share, while net exports are typically the smallest. Shortcomings of GDP are also discussed, such as its exclusion of non-market activities and environmental costs.
Sheet 1Table 1The component of GUIDESGGrowth and GDPUUnemployment .docxlesleyryder69361
The document provides an overview of GUIDES, a framework for analyzing key economic indicators of a country. GUIDES stands for Growth and GDP, Unemployment and Utilization, Inflation and Interest Rates, Debt and Deficits, External Balance and Exchange Rates, and Saving and Investment. Each letter represents important indicators that provide insights into a country's current economic performance and sustainability. The document explains the meaning and importance of indicators within each category. It aims to help business leaders and students confidently analyze a country's economic data through this structured framework.
bis 155 week 1 ilab data analysis with spreadsheets with lab,bis 155 week 1 quiz data analysis with spreadsheets with lab,bis 155 week 1 to week 5 all quiz,bis 155 week 1 to week 7 all discussions,devry bis 155 week 1,bis 155 week 1,devry bis 155,bis 155,devry bis 155 week 1 tutorial,devry bis 155 week 1 assignment,devry bis 155 week 1 help
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Presentation Title
Your Name
ECO 202
Instructor Name
ECO 202
Choose a title for your presentation.
Include your name, the course name and the assignment name.
1
Ten-Year Period of U.S. Economic History Overview
This slide should include a brief overview of the 10-year period between 1950 and today that you chose for this presentation.
ECO 202
Write a brief overview of the time period you chose.
To give greater impact, make sure to be brief in the slide and explain in the speaker’s notes.
Imagine that you have to present the PowerPoint to an audience.
The slides are an outline for the audience to follow your presentation.
The speaker’s notes would be what you are going to say.
2
GDP (1–2 slides)
Gross Domestic Product (GDP) and Growth
Show a graph of real GDP growth rates for each year of your decade and highlight significant changes in growth rates, such as dips or negative growth (recession) or booms (economic expansion)
Real GDP data can be found here at FRED, the research database of the St. Louis Federal Reserve—adjust the data to your 10-year period and use these numbers to calculate the growth rate
Choose two or three of the most relevant events from this time period that impacted the U.S. economy. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time period.
You can use the GDP formula to explain how an event impacted GDP growth. For instance, if there was large increase in military spending because of a war, we would expect to see an increase in GDP.
Be sure the connections you make are supported by the data you present.
ECO 202
Start with the first topic you want to present.
First research the main idea you want to talk about, research sources, images/graphs/diagrams/tables.
Try to express the main concepts in a brief manner, such as via bullet points and images with key words.
Explain the slide in the speaker’s notes.
3
Unemployment and Inflation (1–2 slides)
Analyze unemployment and inflation data as to their relation to output and growth, using macroeconomic principles and models to explain their effect.
Show graphs of both annual inflation rates and annual unemployment rates throughout your decade.
Find data on inflation rates here
Find data on unemployment here
Explain how inflation and unemployment are calculated for the data presented
Discuss how changes in both are related to changes in GDP growth
Apply specific models developed throughout the course to demonstrate how the previously selected events influenced both unemployment and inflation during this time period.
Discuss how the events impacted both economic indicators
For the final draft, look to include our AD-AS model to illustrate how events led the changes observed in both
ECO 202
Make sure to include speaker’s notes.
4
Interest Rates (1–2 slides)
Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy.
Show .
ANSWER SHEETIMPORTANT STUDENT PLEASE COMPLETE ALL INFORMATION B.docxrossskuddershamus
ANSWER SHEET
IMPORTANT: STUDENT PLEASE COMPLETE ALL INFORMATION BELOW BEFORE SUBMITTING BACK TO YOUR INSTRUCTOR/Assignment Folder.
STUDENT PLEDGE: By typing my name below, I am confirming that I have completed the answers to this final examination myself and to the best of my ability, and that I have used my own words (not plagiarized) to answer short answer and essay questions.
STUDENT NAME___Type Your Name Here___
DATE COMPLETED/SUBMITTED ___INSERT DATE_____
[To Student: All your answers should be entered on this Answer Sheet. Submit this Answer Sheet to your Assignment Folder when completed.]
Instructor: David Byres. Course: BIOL 101 Section: 6982
Due: This Answer sheet should be submitted to your Assignment Folder within 3 hours of downloading the Exam.
Latest deadline for submission: 11:59p.m. 7/26/2015
Multiple Choice (Answer 30 Questions)
Type in the letter that represents your best answer to the corresponding question from the original final exam document.
1. 16.
2. 17.
3. 18.
4. 19.
5. 20.
6. 21.
7. 22.
8. 23.
9. 24.
10. 25.
11. 26.
12. 27.
13. 28.
14. 29.
15. 30.
Short Answer (Answer 3 Questions)
Complete these answers in your own words. Follow instructions in the Final Examination document. Answer all questions according to the instructions. Number each question here according to its number in the Final Examination document provided by your instructor. Each answer should be between two paragraphs and half a page in length.
Essay (Answer 2 Questions)
Complete these answers in your own words. Follow instructions in the Final Examination document. Number each question here according to its number in the Final Examination document provided by your instructor. Each answer should be roughly one page in length.
103:
Intermediate
Macroeconomics
Homework
4
Due
on
23rd
July
2015
Topic
7a:
Income
and
Spending
Conceptual
questions:
1. We call the model of income determination developed in this chapter a Keynesian
one. What makes it Keynesian, as opposed to classical?
2. What is an autonomous variable? What components of aggregate demand have
we specified, in this chapter, as being autonomous?
3. Why do we call mechanisms such as proportional income taxes and the welfare
system automatic stabilizers? Choose one of these mechanisms and explain
carefully how and why it affects fluctuations in output.
4. Show analytically what happens to the budget surplus when government increases
its expenditures.
Technical Questions:
5. Here we investigate a particular example of the model studied in Sections 9-2 and
9-3 with no government. Suppose the consumption function is given by C = 100 +
.8Y, while investment is given by I = 50.
a. What is the equilibrium level of income in this case?
b..
ECO 5360 Economic Development Macro Thomas OsangFall 2019.docxmadlynplamondon
ECO 5360: Economic Development: Macro Thomas Osang
Fall 2019
Guide for Country Report:
The report should consist of four parts.
Part I (2-3 pages)
In part I you should present qualitative information that you consider
important in understanding the development process of the country such
as a brief economic and political history of the country as well as social
or cultural characteristics that are important to understand the country’s
economic development.
You may find relevant qualitative information about the country in
books, newspapers (such as New York Times and the Wall Street Journal),
and magazines (such as Times, Newsweek, and The Economist). Be aware
that, among other things, proper referencing of your sources of information
in the main text is required to receive high marks for part I. Also, a map of
the country should be placed in Appendix A at the end of your paper.
Part II (8-10 pages)
In part II you should present and discuss quantitative information re-
garding the main economic performance variables followed by the various
determinants of development: demographics, capital accumulation, human
capital formation, income inequality, government role and performance, ge-
ographic factors, and international linkages.
Graphs and/or tables of as many variables as possible should be pre-
sented in Appendix B at the end of your paper. Label your graphs and
tables using increasing numerals: B1, B2, B3, ...
Be aware that, among other things, proper referencing of your graphs
and tables in the main text is required to receive high marks for part II.
Most importantly, when you discuss the graphs selected for part II make
sure you include both a simple description of the graph as well as an eco-
nomic explanation of what is shown in the graph.
Below you find a list of potential variables you may want to discuss
in part II. Time series indicates that you should be able to collect data
covering most of the years between 1960 and the last year in your data set.
Select years means that you should start with the latest year for which data
are available and then work backward to add as many years as possible.
Note that the following list is fairly detailed - you may not be able to find
data on all variables listed below. As a rule of thumb, you should aim to
produce between 35 and 40 graphs for this part. Part II should have eight
subsections in the same order as the ones on the syllabus. These graphs and
tables should contain information on your chosen country only.
List of potential variables to be discussed in Part II and III:
1. Economic Performance
(a) GDP per capita in constant U.S. Dollars
(b) GDP per capita in constant PPP-adjusted U.S. Dollars
(c) average growth rate of GDP Per Capita per decade (in constant
or PPP-adjusted U.S. Dollars) (i.e., 60s, 70, 80s, 90s, 00s)
(d) unemployment rate
2. Demographics
(a) population
(b) population growth
(c) crude death rate
(d) crude birth rate
(e) total fertility rate
(f) ...
This document provides an overview of real GDP and its components. It explains that real GDP can be used to measure total economic output or output per capita. The four main components of GDP are defined as consumption, investment, government spending, and net exports. Consumption makes up the largest share, while net exports are typically the smallest. Shortcomings of GDP are also discussed, such as its exclusion of non-market activities and environmental costs.
Sheet 1Table 1The component of GUIDESGGrowth and GDPUUnemployment .docxlesleyryder69361
The document provides an overview of GUIDES, a framework for analyzing key economic indicators of a country. GUIDES stands for Growth and GDP, Unemployment and Utilization, Inflation and Interest Rates, Debt and Deficits, External Balance and Exchange Rates, and Saving and Investment. Each letter represents important indicators that provide insights into a country's current economic performance and sustainability. The document explains the meaning and importance of indicators within each category. It aims to help business leaders and students confidently analyze a country's economic data through this structured framework.
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13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
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TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
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China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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ECONOMIC INDICATORS / TUTORIALOUTLET DOT COM
1. Economic indicators
FOR MORE CLASSES VISIT
www.tutorialoutlet.com
Assume the United States has a potential GDP of approximately $18
trillion. Use economic indicators from the last eight quarters to make
a determination about the state of the economy, whether the U.S is in
a recession, expansion or macroeconomic equilibrium. You must
explain and support your answer with information you have
researched and learned during the semester. Any research that is used
must be cited in the paper. This information should include the
following:
Real GDP
Unemployment rate
Labor Participation rate
Inflation rate
Then I am suppose to draw an AD/AS graph showing the economic
situation you have stated in Part One. Be sure to include the Potential
GDP ( Long run As) curve on the graph. The graph should be clearly
labeled. Include a paragraph which describes the graph. Bar graphs,
circle graphs and the PPF are not appropriate graphs for this part. For
examples, look in chapter 13 and 15 of the textbook.