Management has developed over the years? There are various opinions on why Unions matter and just as many that state they are becoming extinct. Macroeconomic impact of unions An important factor to consider when forming an opinion on if unions still matter is economics‚ macroeconomics to be specific. One major point on how unions may impact macroeconomics is lowering the number of unemployment. When a worker is in a union the tenor is higher which means the turnover rate is low. The reason for this
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Economic indicators: USA vs. Zimbabwe Background of U.S Economy The United States has a capitalist mixed economy‚ which is fueled by rich natural resources‚ a well-developed infrastructure‚ and high productivity with a per capita GDP of $47‚200. According to the International Monetary Fund‚ the U.S. GDP of $15 trillion constitutes 23% of the gross world product at market exchange rates and over 20% of the gross world product at purchasing power parity. Though larger than any other nations‚
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MACROECONOMICS NAME_____________ FINAL EXAM Chapter 5 1) Which of the following is NOT a topic studied in Macroeconomics? A) gross domestic product B) the unemployment rate C) the price of IBM computers D) the inflation rate ANSWER:____________ 2) In a business cycle‚ a peak represents the end of ________ and a trough represents the end of ________. A) an expansion; a recession B) a depression; an expansion C) a trough;
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Tajik State University of Commerce Faculty of World Economy and International Economic Relation PhD student Department of World Economy Abdulmajid Bobokhonov Main Macroeconomic Indicators of the Central Asia in 2008-2012 KAZAKHSTAN Territorial area - 2‚724‚900 km2 2008 2009 2010 2011 2012 Population (million) GDP( millions of US$) GDP per Capita of US$ GDP annual growth as % Industry in % of GDP Agriculture in % of GDP Service in % of GDP Export (millions of US$) Import (millions of US$)
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rate of economic growth will be underestimated D) if the underground economy grows‚ people’s standard of living will decline E) underground activity includes income from services produced at home but not reported‚ such as typing someone else’s term paper Ans: D Difficulty: Easy 4. Which of the following statements is true? A) NDP is greater than GDP if prices are falling B) NDP is greater than GDP if prices are rising C) NDP can be greater than GDP but only if the economy is growing D)
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Introduction Deciding to start a business is brave and adventurous. The first step to success is a brilliant‚ viable‚ profitable idea. Whether you have decided to do it on your own because you are tired of working for someone else‚ or you are laid off after many years in your organization‚ before you decide to invest your life savings and get buried in debt‚ consider the big picture‚ the current economy‚ your demographic target consumer and do your research. The idea of solar energy is one such
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FACTORS AFFECTING INDIAN ECONOMY 1|Page Gross Domestic Product The monetary value of all the finished goods and services produced within a country’s borders in a specific time period‚ though GDP is usually calculated on an annual basis. It includes all of private and public consumption‚ government outlays‚ investments and exports less imports that occur within a defined territory. GDP = C + G + I + NX Where: "C" is equal to all private consumption‚ or consumer spending‚ in a
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THE IMPACT OF EXCHANGE RATE FLUCTUATION ON MACROECONOMIC PERFORMANCE IN NIGERIA CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY This study is designed to examine the causes of exchange rate fluctuations and their impact on the Nigerian economy since there is scarcely any country that lives in absolute autarky in this globalised world. The economies of all the countries of the world are linked directly or indirectly through asset or/and goods markets. This linkage is made possible through
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Indian economy: An Overview • 12th in terms of GDP at market exchange rates ($1.3 trillion) and 4th in terms of GDP at purchasing power parity exchange rates ($3.8 trillion) in 2009 • 2.3% of global GDP at market exchange rates and 5.2% of global GDP at purchasing power parity exchange rates • Relatively a closed economy till 1991 and opened up after the external payments crisis of 1991 • Average growth rate about 4% before 1991and moved up to 6.5% post reforms • Growth rate rose to nearly
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Unit 8 Answers 1) Long-run Macroeconomic Equilibrium and Stock Market Boom Let us assume the economy reaches its long-run macroeconomic equilibrium in 2020. When the economy is in the long run macroeconomic equilibrium‚ the stock market will also reach its boom. This will in turn lead to increases in stock prices more than expected‚ and the stock prices will stay high for some period. Answer the following questions based on the scenarios of long macroeconomic equilibrium and consequent stock market
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