Eco/372 Final 25/30 1) The largest source of household income in the U.S. is obtained from B. wages and salaries 2) The market where business sell goods and services to households and the government is called the A. goods market 3) Real gross domestic product is best defined as C. the market value of all final goods and services produced in an economy‚ stated in the prices of a given year 4) Underemployment includes people B. who are working part time‚ or not using all their skills
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Why does a country like Venezuela impose capital controls? According to this case‚ the character of the case; Santiago‚ part of the pharmaceutical distribution business was working during a time when Venezuela had been “Tumultuous”. Political turmoil affected its economy as well. He opposed Hugo Chavez regiment and was thus “technically” not allowed to exchange domestic currency for foreign currency (as he needed it for his import business). The president of the corrupted county suspended sale
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ECO/372– Principles of Macroeconomics – Final Exam Study Guide 2012 1. the market where business sell goods and services to households and the government is called a. goods market XXX b. factor market c. capital market d. money market 2. Real gross domestic product is best defined as a. the market value of intermediate goods and services produced in an economy including exports b. all goods and services produced in an economy‚ stated in prices in a given year and multiplied by quantity
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ECO/372 Week 3 Knowledge Check – Quiz Quiz Questions with 100% Correct Answers: 1. If you expect interest rates to rise‚ you will want to be holding 2. The interest rate is the price paid for the use of a 3. Which of the following do policy makers tend to target when setting monetary policy? 4. If the Federal Reserve reduced its reserve requirement from 6.5 percent to 5 percent‚ this policy would most likely 5. If banks hold excess reserves whereas before they did not‚ the money multiplier 6. The
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Be Intelligent—Identify the Stakeholders You’ve identified the issue‚ and your ultimate goal is to take an action that will solve or address that issue. But we can’t skip right to the end just yet! Before thinking about the solution‚ consider the other people in the situation. Your decision—even if that decision is to do nothing—will have an effect on some people. We call these people the stakeholders. Like a pebble hitting the water‚ our actions have consequences that ripple out from the
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Week Four Reflection Team A will discuss the objective‚ which consist of analyzing the influence of the debt in the United States economy‚ and explain the impact that surplus and deficits has on the health of the United States macroeconomy. To analyze the influence of the deficit‚ surplus‚ and debt on the health of the United States macroeconomy you have to understand what exactly is deficit and surplus. A deficit is a shortfall of revenues are under payments‚ and a surplus is the
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NEED FOR INTERNATIONAL TRADE FINANCE We understand that for a business organisation‚ a normal source of finance is a bank or a financial institute. Finance is also obtained for local business requirements. All banks are not allowed to offer international trade finance. Apart from that‚ there are specially created institutes like EXIM bank and EXPORT CREDIT GAURANTEE COPORATION (ECGC). We need to understand international trade finance in greater detail by also discussing role of EXIM bank and role
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Week 1 – DQ Identify economic factors that affect the real GDP‚ the unemployment rate‚ the inflation rate‚ and a key interest rate. How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes? Response #1 There are many factors that affect the real GDP such as interest rates‚ consumer’s confidence in spending and/or asset prices. When it comes to interest
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Reflection-Economic Forecasting ECO/372 June 3‚ 2013 Historical and forecast economic data can be obtained from various locations. The Internet grants access to several sites that provide tools for the individual to collect the data. One must choose which site provides the required information needed to support the facts. In the following paragraphs‚ team B has supplied various resources where historical and forecast economic data can be obtained and a summary explaining
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ECO/ 372 Week 1 Knowledge Check 1.The two frameworks conventional economists generally use to analyze macroeconomic issues are A.the inflation and the unemployment frameworks B.the short-run and the long-run frameworks C.the business cycle and the growth cycle frameworks D.the stagnationist and the Post-Keynesian frameworks 2.The relationship between real and nominal interest rate can be expressed by A.real interest rate = nominal interest rate + inflation B.real interest rate = inflation - nominal
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