WRITTEN REPORT IN INTRODUCTION TO BUSINESS FINANCE AND THE PHILIPPINE FINANCIAL SYSTEM BSA 1- 27 GROUP IV LEADER: NAYA‚ ROSELYN O. MEMBERS: GUITTAP‚ SANDRINNE C. CRISOSTOMO‚ JOHN BRYANNE D. SUPLICO‚ KATHERINE C. DOMINGO‚ CHLOIE VERONICA COQUIA‚ JOHN KENNETH Everybody knows money. Everybody uses money. And everybody touches money. What money really serve for? Money serves as a medium of exchange‚ as a store of value‚ and as a unit of account. Medium of
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In order to explore rising exchange rate effects on economy we need to understand essential macroeconomics like Aggregate Supply (AS) and Aggregate Demand (AD). Economics- S. Nordhaus- 16th ed. – 1998 – McGraw-hill- US - p388 The central concepts for understanding the determination of national output and the price level are aggregate supply (AS) and aggregate demand (AD). Aggregate demand consists of the total spending in an economy by household‚ businesses‚ governments and foreigners. It represent
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monetary policy control the money supply? •With more money‚ aggregate expenditures are greater. Low interest rates: Investment expenditures. Government purchases. Net exports Consumption expenditures. HOW DOES MONETARY POLICY CONTROL THE MONEY SUPPLY? With less money‚ aggregate expenditures are lower. •High interest rates: Investment expenditures decrease . Government spending stops. Net exports Consumption expenditures. Decrease. HOW DOES A STIMULUS PROGRAM (THROUGH THE MONEY
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The aim of the assignment “Business and the Economic Environment” is to identify and understand terms used by many individuals. The terms used may be economy‚ GDP‚ recession‚ growth or even inflation. These terms ultimately have great effect and implications upon a business on its running. The assignment shall also look at different aspects of the United Kingdom’s economic environment and the recent changes that have gone on to affect it. Ultimately the assignment shall seek to link business and
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Perfect Competition: 1. I disagree with the statement. In the short run‚ the firm has to remain in the industry and it will continue to operate if P > AVC. In this way it will be minimising its losses. If P < AVC it would shut down which means the firm is facing loss‚ so it will not continue operating so it will shut down. However‚ at the end of the short run‚ i.e. in the long run‚ if the market situation has not changed and P > AVC‚ the firm may exit the industry because the profit should be equal
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distribution – an equitable distribution of income Circular flow of income model – the movement of spending and income through the economy. In a macroeconomics equilibrium‚ national expenditure‚ national output and national income are all equal. Measure of national output/national income/ national expenditure 1. Gross domestic product (GDP) is the total output of goods and services produced in a country in a given time period. 2. Gross national income (GNP/GNI) is the total income earned by
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worth $5 trillion‚ then the amount of gross income generated by that production: is $5 trillion 2. Which of the following would not be ian expenditure on a final good or service? a medical clinic’s purchase of flu vaccine 3. Which of the following would be included in GDP? payment of the monthly telephone bill by Mr. Laconic 4. Consumption in the expenditures approach to calculating GDP includes: purchases of medical services at the local clinic 5. Which of the following is not considered a component
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to the concept with increase in investment and income. The essence of multiplier is that total increase in income; output and employment manifold the original increase in the investment. Let us consider that the government undertakes investment expenditure on some public works‚ say the construction of rural roads. For this the government remunerate to all who are contributing to the work of the road building. Since the income of the road building contributors has increased they will be spending this
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UK’s Economic System and the Impact of Policies on an Organisation The United Kingdom operates a diversified economy that is one of the largest in the world. The British economic system exhibits the characteristics of a mixed system‚ combining market-based features with some socialist characteristics. Service industries account for 75 percent of the U.K.’s economic output. Industry accounts for 23.8 percent of output while agriculture represents 1.2 percent. Overall‚ the United Kingdom’s mixed
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Abundo‚ Marie Rose R. Eco 2a/ B2F/5338 2nd/BSBA-FM Prof. Micheal Noel 1.) What is GNP? GNP (Gross National Product) is the market value of all final goods and services produced during a given period by factor of production owned by a country’s citizen‚ regardless of where the output is produced. For most countries‚ the difference between GDP and GNP is small. (Case & Fair‚ 2007) The market value of all final goods and services produced during a given period measures both
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