Macroeconomic Policies
By Natasha Jones
Business Studies
Macroeconomic Considerations
By Natasha Jones
Business Studies
Macroeconomic Considerations
Study of the behaviour of the whole (aggregate) economies or economic systems
Lawnswood
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Study of the behaviour of the whole (aggregate) economies or economic systems
Lawnswood
[Type the company address]
[Type the phone number]
[Type the fax number]
My Report:
Macroeconomic Policies;
Macroeconomic policies examine the economy on a national or global scale, and also indicate the current status of the economy, (The economy involves all the wealth and resources that a country or region has). Moreover, it examines economy wide phenomena like, economic growth, unemployment, development, poverty and inflation. These factors paint a picture of the economy as a hole. The market value of all the official recognised goods and services is called the Gross Domestic Product (GDP); this is also an indicator of a countries wealth and standard of living. GDP measures the output in the economy.
Unemployment
The unemployment rate measures the percentage of the total civilian labour force that is currently unemployed. The unemployment rate only involves those who are actively seeking work; this means that people who are retired or pursuing education are excluded from this rate. Workers who are not actively seeking work are called ‘discouraged workers’, and are not counted in the unemployment rate. The rate is an important signal of the overall economic health. The overall percentage of those who claim of benefits relating to joblessness is called a claimant unemployment rate. The measure does not take into account those without benefits who are jobless, so demonstrations an under estimate of the count of unemployed.
Moreover, there are several different types of unemployment, which all transpire for different reasons; classical, frictional, structural.
Business Studies
Macroeconomic Considerations
By Natasha Jones
Business Studies
Macroeconomic Considerations
Study of the behaviour of the whole (aggregate) economies or economic systems
Lawnswood
[Type the company address]
[Type the phone number]
[Type the fax number]
Study of the behaviour of the whole (aggregate) economies or economic systems
Lawnswood
[Type the company address]
[Type the phone number]
[Type the fax number]
My Report:
Macroeconomic Policies;
Macroeconomic policies examine the economy on a national or global scale, and also indicate the current status of the economy, (The economy involves all the wealth and resources that a country or region has). Moreover, it examines economy wide phenomena like, economic growth, unemployment, development, poverty and inflation. These factors paint a picture of the economy as a hole. The market value of all the official recognised goods and services is called the Gross Domestic Product (GDP); this is also an indicator of a countries wealth and standard of living. GDP measures the output in the economy.
Unemployment
The unemployment rate measures the percentage of the total civilian labour force that is currently unemployed. The unemployment rate only involves those who are actively seeking work; this means that people who are retired or pursuing education are excluded from this rate. Workers who are not actively seeking work are called ‘discouraged workers’, and are not counted in the unemployment rate. The rate is an important signal of the overall economic health. The overall percentage of those who claim of benefits relating to joblessness is called a claimant unemployment rate. The measure does not take into account those without benefits who are jobless, so demonstrations an under estimate of the count of unemployed.
Moreover, there are several different types of unemployment, which all transpire for different reasons; classical, frictional, structural.
Bibliography: * http://en.wikipedia.org/wiki/Macroeconomics