This website uses cookies to ensure you have the best experience. Learn more

Fundementals Of Macro Paper

646 words - 3 pages

ECO/372
Principles of Macroeconomics
Individual: Fundamentals of Macroeconomics Paper

Part 1
Gross Domestic Product (GDP): Market value of all goods that are produced in a given time period.
Real GDP: The measurement of GDP at constant prices.
Nominal GDP: The measurement of GDP at current prices.
Unemployment Rate: The measurement of knowing how many people are unemployed in the country versus employed people.
Inflation Rate: The measurement of increase in prices over a period of time.
Interest Rate: The dollar amount that is paid yearly on a loan by the borrower.
Part 2
The three activities affect each entity different, looking at how purchasing groceries would affect the government only if there was some sort of inflation going on. Then the government would raise taxes on goods in which will raise the prices of goods. As for households it can affect them in a negative way or a ...view middle of the document...


Massive layoff of employees will affect a household in a tremendous way; it would put the household in a very bad situation. If the people in the household does not have a means of steady income coming in it will affect them in a very negative way. Massive layoff of employees affecting the government would actually be low and not cause that much damage. Majority of the time it is the government that is doing something that causes for the layoffs. The government usually implements some kind of regulations or policies that raises taxes on business and small business. Which in turn causes the business to lay off workers, in the state of Illinois the tax on businesses are so high majority of people are moving their home offices to other states so they can get a tax cut. If they are paying out too much money in taxes and not having enough to pay employees which causes the massive layoff of employees.
Decrease in taxes is good for everyone, but it affects all three entities differently. Decrease in taxes as far for purchasing of groceries, it makes a lot easier and affordable because the cost of the goods will not cost as much thus leaving more money for the household. Massive layoff of employees would not be an issue because the government is giving out tax cuts to business and in turn leaving them with more money. This helps the business because they will not have to find ways to cut spending that will lead to lose of jobs. The economy has to be in a great position to make sure everything is running smoothly so a family can purchase groceries without breaking the bank and business not having to do massive layoffs.
These layoffs come because the business is spending too much on taxes and because there is no money to stimulate the economy the goods the business offer is being bought. In this year’s election Obama is constantly talking about providing tax cuts to the middle, he is doing this because the tax payers that are actually making enough to pay income tax is paying out way too much money. The less money that is being paid out versus being taken in keeps people being able to purchase groceries and eliminates layoff.

Other assignments on Fundementals Of Macro Paper

Casa Analysis

894 words - 4 pages dividend payment of $0.12 to make both the price and the capital gain oriented institutional and foreign investors happy. This issuance would make the debt-equity ratio come down from 3.5 to 2.2. This would reduce the risk of financial distress as the cost of borrowing commercial paper was in rising trend and fulfill the need of cash which was covered by commercial paper earlier. Again the balance would be used as working capital. To fight

Economic Growth & Poverty Reduction In Bangladesh

3948 words - 16 pages Bangladesh’s economy has experienced both macro-economic stability and robust economic growth following the transition to a democratic rule in the early of 1990s. In the backdrop of the deep macro-economic crisis of the late 1980s, a series of stabilization measures were introduced in the Bangladesh economy which largely restored macro-economic stability in the early 1990s. Subsequently, the Bangladesh economy registered an average GDP growth rate of

Economic

1484 words - 6 pages Macro Context b.Key Dimensions and its Connection to the Causes of Science and Technological Development. UNIT 4 Impact of Science and Technology to Present Society a.Social Institutions (work and leisure) b.Social Groups c.Human Values d.Everyday Life e.Environment MIDTERM EXAMINATION c.Library Work d.Assignment Quiz Assignment Research 3 hrs. UO2 SD1 STE 2 3.Differentiate macro context from micro context. 4.Identify the key

Sale Promotion

907 words - 4 pages Sale promotion Techniques By one get one free, receive a free gift bag with this purchase, free samples to try, Voucher and coupons for extra discount, Prize draws or zero percent financing have you ever herd these words or read them in a news paper magazine or internet or maybe even seen it on TV or your local mall or even a bus ride to work or home, these are all examples of sales promotion. According to Dave Dolak (2010), Sales promotions

Waste Water Management

1762 words - 8 pages the point of eventual treatment or disposal. It is found in all types of sewage treatment, with the exception of septic systems, which treat sewage on-site. Origin of waste water: Wastewater or sewage can come from (text in brackets indicates likely inclusions or contaminants): * Human waste (fæces, used toilet paper or wipes, urine, or other bodily fluids), also known as blackwater, usually from lavatories; * Cesspit leakage; * Septic

The Role Of Strategic Conversations

1280 words - 6 pages strategy formulation process because it allows top management, BSEs, and internal/external stakeholders to directly exchange knowledge about specific resources, the business in general and the macro environment. These benefits obtained from open, fact-based conflicts driven by honest, unfiltered information. E.g. Ericsson and Skandia cases. * The role of strategic conversation in closing gaps - There are always gaps between the perceptions of

Analysis On Michael Pollan's Essay

1334 words - 6 pages ). Then, he breaks the issues down on macro and micro levels, focusing on the impact of food on politics, society, and family. Finally, he points out the real cost of food, directly and indirectly. I agree with Michael Pollan about the ongoing issues with food and I am against industrial agriculture too. Americans have not had to think very hard about where their food comes from, or what it is doing to the planet, their bodies, and their society

The Role Of Business Economics In National Development

2924 words - 12 pages INTRODUCTION Following this introduction on Nigeria’s economic development challenge, this paper reviews business economics, outlining the relationship with innovation and social entrepreneurship. It also presents a holistic framework for economic development covering the individual, firm and macro levels, and outlines the roles of stakeholders at each level, in fostering national development. It concludes by calling on all stakeholders to play

Service Industry

4036 words - 17 pages under transformation regarding its structure (Breyers, 2011). The intent in this paper is to underscore the importacy of service industry and prove the following hypothesis: ,,The service industry dominates the national economies of the developed countries.’’ At the first place in order to demonstrate briefly industrialization and post industrialization, the expansion of the service industry with economic growth is outlined. Moreover, this section

Week 1 Marketing

1485 words - 6 pages internet based marketing functions. Collectively, these developments have had a significant impact on the efficiency of our macro-marketing system. At the same time, many individual firms take advantage of these innovations to improve profitability and customer satisfaction. Internet Exercise Page 46 Watchreport.com provides information about new offerings from different companies that sell watches. Go to the site (www.watchreport.com) and

Bjhkh

2668 words - 11 pages . Given the state of the economy of Pakistan in 2010, troubled as it is; ideally it would be more desirable to look at the governance issues at macro level for Pakistan. As a famous economist, Dr Shahid Javaid Burki- a long observer of Pakistan’s economy has recently stated “Pakistan can generate a greater bounce in its economy than India by creating better governance. It has occurred before in the country’s difficult economic history and could

Similar Documents

Human Resources Information Systems Essay

4923 words - 20 pages Let Us Sum Up Clues to Answers 8.0 OBJECTIVES After having read this Unit, you should be able to: • understand the dynamics of information system and its use as a tool for measurement, • examine the significance of information in human resource management, • appreciate the approaches to the information system at the macro and micro levels, • consider the shortcomings of manual information system, and • discuss

Qawdawd Essay

856 words - 4 pages RESEARCH PAPER TOPICS – BA 453 HRM The primary objective of your paper is to do “research” in a specific area of HRM. Such research requires the formation of a “research question” with a narrow focus to facilitate in-depth exploration and often entails a blend of field and literary research. You can elect to do primarily field or literary research. Some suggested topics are below, but you are encouraged to find one which excites your

Access To Quality Healthcare Paper

1746 words - 7 pages Running head: ACCESS TO QUALITY HEALTHCARE PAPER ASSIGNMENT Access to Quality Healthcare Paper Rudolphe Lubin University of Phoenix Lori Lewellen MBAJOGZL57 April 27, 2009 Quality Healthcare Introduction It will be evident to realize that financial, educational, and socio – demographic implications can bring serious impact on access to quality healthcare in the organization. Labor shortage

Econimics Term Paper On Inflation

3165 words - 13 pages has very low rate of inflation compared to other South Asian countries. The inflation has continuous increasing trend in Bhutan from 2.1% in 2005 to 5.2% in 2009 which slightly decreased to 5.0% in 2010. MACRO ECONOMIC INTER RELATIONSHIP OF INFLATION IN SOUTH ASIA: The process of inflation implies interaction between various macro economic variables. The present research paper has considered two important macro economic variables (a) rate of