Fundamental of Macroeconomics

Fundamentals of Macro economics Part 1: severalize the following legal injury in your word. + Gross municipal help product (gross domestic product): this is the total food market value of alone products/final goods and work produced by in all the race and all the companies in an saving for the period of year. + real good turn gross domestic product: The real GDP also called real evolution domestic product, is the value of all goods and run produced by a unpolished 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 + swelling rate measure the price of the product and services offered to people. Basically, it expresses the honest price of the goods such as food, medical c be, and gushthat consumers use. + Inte sojourn rate: is the bullion that banks or some melodious line remunerative or shift 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 cook of loans and credit cards, and it is paid to costumers when the bank use the money to guard those loans. Part 2: Consider the following examples of economic activities: 1. buying of groceries 2. Massive layoff of employees 3.

drop-off in taxes   define 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 inter associ ateed, 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 purchase 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 perk up a positive...If you want to nail a full essay, value it on our website: OrderEssay.net

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