customer at a price of $60‚000. He paid his worker $5‚000 to repair and clean up the engine‚ and then successfully sold the car to another customer for $68‚000 in June 2012. Discuss how the 2012 GDP and its components were affected under the three different approaches of GDP accounting. A garage was operated by Peter. In March 2012‚ he spent $60‚000 buying a 5-years old second-hand car. Also‚ he paid his worker $5000 to repair and clean up the engine. In June 2012‚ he sold the car at $68‚000. In
Free Gross domestic product Goods Value added
Macroeconomic Analysis and Policy Session-1 SessionBiswa Swarup Misra Macroeconomic Analysis and Policy PDF created with pdfFactory Pro trial version www.pdffactory.com Biswa Swarup Misra Learning Objectives • What is Macroeconomics? • Macroeconomics vs. Microeconomics • Why Study Macroeconomics? • Influential macroeconomic events • Macro Economic Policy • Key Macroeconomic Variables Macroeconomic Analysis and Policy PDF created with pdfFactory Pro trial version www.pdffactory.com Biswa Swarup
Free Economics Macroeconomics Unemployment
The five different approaches to motivation The first being instincts which are the patterns of behavior that are biologically determined rather than learned. Fact: people and animals are born preprogrammed with sets of behavior’s essential to survive. The second being the drive-reduction approach. It suggests that a lack of some basic biological requirement such as water produces the drive to obtain the water. The third being the arousal approach in which each person tries to maintain a
Premium Psychology Cognition Motivation
Discuss approaches to profiling There are three approaches to criminal profiling; the British approach‚ the US approach and Geographical Profiling. The US approach is a top down approach which means they start with the big parts of the case and work down to the smaller things involved. The approach was invented by the FBI in the 1970’s when they first looked at the family backgrounds‚ personalities‚ behaviours‚ crimes and motives of serial killers who had sexual aspects to their crimes. They
Premium Crime Criminology Police
Macroeconomics Objectives: 1. To deepen and widen students’ understanding of theories and laws that rule the national economies 2. To enhance students’ analytical ability 3. To give a macro-perspective to the economic phenomena around the world 4. To help students better comprehend the domestic and global economic realities and try to predict future course of events References: 1. ‘Economics’ by Paul Samuelson 2. ‘Macroeconomics’ by Dornbusch Fischer 3. ‘Macroeconomics’ by Richard
Premium Keynesian economics Inflation Monetary policy
Does Government intervention help promote economic stability and growth? Economic stability I will define as a phase of steady control for an economy. Growth is a rise in the productive capacity of an economy. Steady growth is arguably the main over-arching economic objective when looking at macroeconomics. Government intervention is defined by actions on the part of government that affect any economic activity. The question has implications; in a modern context a society without state intervention
Free Capitalism Economics Economic system
Economics for Hospitality‚ Tourism and Leisure Keynesians versus Monetarists Faculty responsible: J. Heller Ismail EL HASSANI Humanity has known in its history long periods of growth with the Agrarian Revolution‚ the Industrial Revolution‚ the Oil era and now the Information’s one. From the last period of sustained growth is born the myth of continuous and eternal growth. However‚ the scarcity of natural resources and the awareness of the negative effects of economic
Premium Great Depression Macroeconomics Keynesian economics
Different approaches to Leadership and its role in Management Introduction:- - Leadership:- Leadership has been described as “a process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task". Leadership occupies the central position in Management. Leadership is visible‚ yet seems to baffle diagnosis‚ its construction and synthesis from out of the perceived elements. George.R.Terry believed leadership is the activity of influencing
Premium Leadership
MacroEconomics | Essay | Growth Theory and Long-Run Behavior of Economy | | Antara Islam | 6/11/2013 | Institute of Business AdministrationJahangirnagar University | Essay On Growth Theory and Long-Run Behavior of Economy Submitted To: Dr. ShuddhasattwaRafiq Course Instructor Macroeconomics Submitted By: Antara Islam Class ID: 2795 Batch 21 Date of Submission 11 June‚ 2013 Institute of Business Administration Jahangirnagar University Letter of Transmittal
Premium Economics Economic growth Macroeconomics
INSTITUTIONS AS A FUNDAMENTAL CAUSE OF LONG-RUN GROWTH DARON ACEMOGLU 1 ‚ Department of Economics‚ MIT‚ 50 Memorial Drive E52-3806‚ Cambridge‚ MA 02142 e-mail: damn@mit.edu SIMON JOHNSON Sloan School o f h f a ~ g e m e n t ‚ MIT‚ 50 Memorial Drive‚ Cambridge‚ MA 02142 e-mail: sjohnson@mit.edu JAMES A. ROBINSON Deparhnent of Government‚ WCFIA‚ Harvard University‚ 1033 Massachusetts Avenue‚ Cambridge‚ MA 02138 e-mail: jmbinson@gov.harvard.edu Contents Abstract Keywords 1. Introduction
Premium Economic growth Economics