Macroeconomics
Fundamentals of Macroeconomics
Part 1 In the United States economy there are several factors that affects its economy; these affects it in a different way; some of this effect are more severe than others. The gross domestic product (GDP), the real, and the nominal (GDP) each causes different effect. There are others factors that affect the United States economy; such as the unemployment rate, the inflation rate, and the interest rate. These results have an effect on the grocery purchasing, the layoff of employees, and the decrease on tax revenue. As define in the economic report of investopedia site what each term means in the economic terms. The gross domestic product is the value given to the product given on the market at final sales of goods, services, products, or given material within the country and offered to the public. The real (GDP) is the measurement of the value, which is adjusted for a price change. The nominal (GDP) is the gross domestic product, which is not adjusted against inflation. On the on the hand the unemployment rate is the measured calculated between the unemployed people and the people who still employed, and the result is reflected as percentage. The inflation rate is the percentage rate of level of change in price over a period one year-time. Also factors that has an effect in the country gross domestic product and its economy are unemployment rate, the inflation rate and the interest rate have con troll over a countries economy.
The unemployment rate also is an indicator that affects the country’s economy; the economist translate the target unemployment into capacity of utilization (Macro economics, 2011) this indicator affect the ability to bring financial security to the household directly; affecting the gross domestic product. As a consequently the lack of income affect the country’s economy; therefore if there is no money no groceries can be bought. Unemployment affects also the inflation rate. As continual when the prices of
Part 1 In the United States economy there are several factors that affects its economy; these affects it in a different way; some of this effect are more severe than others. The gross domestic product (GDP), the real, and the nominal (GDP) each causes different effect. There are others factors that affect the United States economy; such as the unemployment rate, the inflation rate, and the interest rate. These results have an effect on the grocery purchasing, the layoff of employees, and the decrease on tax revenue. As define in the economic report of investopedia site what each term means in the economic terms. The gross domestic product is the value given to the product given on the market at final sales of goods, services, products, or given material within the country and offered to the public. The real (GDP) is the measurement of the value, which is adjusted for a price change. The nominal (GDP) is the gross domestic product, which is not adjusted against inflation. On the on the hand the unemployment rate is the measured calculated between the unemployed people and the people who still employed, and the result is reflected as percentage. The inflation rate is the percentage rate of level of change in price over a period one year-time. Also factors that has an effect in the country gross domestic product and its economy are unemployment rate, the inflation rate and the interest rate have con troll over a countries economy.
The unemployment rate also is an indicator that affects the country’s economy; the economist translate the target unemployment into capacity of utilization (Macro economics, 2011) this indicator affect the ability to bring financial security to the household directly; affecting the gross domestic product. As a consequently the lack of income affect the country’s economy; therefore if there is no money no groceries can be bought. Unemployment affects also the inflation rate. As continual when the prices of