Millennium Development Goals The Millennium Development Goals (MDGs) are eight international development goals that were officially established following the Millennium Summit of the United Nations in 2000‚ following the adoption of the United Nations Millennium Declaration. All 193 United Nations member states and at least 23 international organizations have agreed to achieve these goals by the year 2015. The goals are: 1. eradicating extreme poverty and hunger‚ 2. achieving universal primary
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Solved Exercises: Macro-Ch(23) Fall 2014 Answer the following questions: 1. In the year 2005‚ the economy produces 100 loaves of bread that they sell for $2 each. In the year 2006‚ the economy produces 200 loaves of bread that sell for $ 3 each. a. Calculate nominal GDP‚ real GDP‚ and GDP Deflator for each year (Use 2005 as the base year). b. By what percentage do nominal GDP and Real GDP rise from one year to the next? c. Calculate the rate of inflation between 2005 and 2006
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National Income is defined as the sum total of all the goods and services produced in a country‚ in a particular period of time. Normally this period consists of one year duration‚ as a year is neither too short nor long a period. National product is usually used synonymous with National income. Concepts of National Income There are different concepts of National Income‚ namely; GNP‚ GDP‚ NNP‚ Personal Income and Disposable Income. Gross National Product (GNP) GNP at market price is sum total of
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Who would have imagined it? After years on top‚ Nike suddenly looks like a world-class marathoner who‚ in midrace‚ questions whether he’s got what it takes to keep on running. Nike’s symptoms of distress: a global glut of shoes‚ flat sales in key markets‚ and declining profits. Moreover‚ the global brand champ that captured its own winning corporate mindset with the "Just do it" ad slogan has a new pitch‚ "I can"--to which investors seem to be retorting‚ "No‚ you can’t." Losing faith‚ they have knocked
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How Macroeconomics affects business Macroeconomics is a branch of economics that explores trends in the national economy as a whole considering the study of the sum of individual economic factors. Macroeconomics considers the larger picture‚ and an understanding of how do business operates is crucial to understand macroeconomics. Macroeconomics is intertwined with business because business is affected by the factors that constitute macroeconomics. Circular-flow diagram: a visual model of the economy
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Fundamentals of Macroeconomics Paper Jerry L. Robinson ECO/372 JUNE 07‚ 2012 CHAD McDermott Fundamentals of Macroeconomics Paper Gross domestic product: is the value of all goods and services produced in a country in any given year or specific time period. This is measured in dollar amounts and basically the higher the GDP‚ the better the economy is for that country. Real gross domestic product: is nominal Gross domestic product that has been adjusted for inflation. This means that the quantity
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High budget deficits will certainly affect the overall economic growth and the debt that the U.S. has to struggle with. High budget deficits today will reduce the growth rate of the economy. Economic growth is defined in the text‚ Principles of Macroeconomics‚ as “an increase in the total output of an economy. It occurs when a society acquires new resources or when it learns to produce more using existing resources” (Case‚ Fair & Oster‚ 2009‚ Pg. 422). It is assumed that future generations will
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Bibliography: * Textbook: Jackson & Mclver ‘Macroeconomics Edition 8’ McGraw – Hill Pty Ltd 2007 . * Websites: * www.australianbudget.com/report * www.economist.com.info * www.1800australia.com
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3) Compare and contrast alternative views on the nature and possible causes of unemployment and evaluate the effectiveness of demand and supply management policies to combat it This essay will compare and contrast alternative views on the nature and possible causes of unemployment. It will then go on to evaluate the effectiveness of demand and supply management policies that try and combat unemployment. I will be discussing unemployment in two parts- short run and long run and evaluating the effectiveness
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BS1547 Introduction to Economics Coursework 1 — Microeconomics Question Consider a market transaction that you have undertaken as a consumer which was notable because it is particularly recent‚ large or unusual. Basically I want you to think of something that you have bought‚ it could be anything (though hopefully something more interesting than a loaf of bread). Then in the following parts of the questions you will need to analyse it. Analyse this transaction from a micro-economic standpoint:
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