MACROECONOMICS (DEC 0023) NAME: PUTERI NURATIKA BINTI GEMARI NO.ID:012012051179 LECTURER NAME:MISS PARIMALA DATE OF SUBMISSION:21 FEBRUARY 2013 The purpose of this report is to know more about the 2013 budget and also known as a Najibnomics by YAB Dato’ Sri Najib Tun Haji Abdul Razak . Najibnomics is the creative and innovative ideas‚policies‚strategies and programmes of the Prime Minister‚Dato’ Sri Najib to lift the nation towards a high-income and developed economy by 2020.the 2013 Budget
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Macroeconomics explores trends in the national economy as a whole considering the study of the sum of individual economic factors. Industry is affected by factors such as GDP‚ unemployment‚ inflation‚ interest rates‚ and consumer price index. Fiscal (government) policy can help guide the economy toward a particular track without dictating a specific ending affecting tax‚ interest rates‚ and government spending (McConnell and Brue‚ 2005). Monetary policy attempts to achieve vast economic goals by
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ECON 201: Introduction to Macroeconomics Midterm Exam 1: Answer Packet October 10‚ 2011 NAME: _________________________________ Circle your TA’s name: Circle your section time: Agustin 9 a.m. Brian 3 p.m. Meysam Directions: This test is in two parts‚ a multiple choice question part and a short-answer part. Use this answer packet to complete the exam. Calculators are permitted. Books‚ notes‚ reference materials‚ etc. are prohibited. Good luck! Part 1: Referring to the questions in the Multiple
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Macroeconomics Unit 4 assignment Lane Litton 7-1-11 1) Fiscal policy is the government’s policy with respect to spending and taxation. It is set by the federal government. It impacts our economy in a couple of ways. Since government spending is a component of aggregate demand government spending on goods and services has a direct effect on the level of aggregate demand. Taxes also effect aggregate demand‚ however they do so indirectly. When tax’s rise or fall‚ they change the disposable
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1a. Technology and innovation are two of the most important parts of economic growth in a country. For a country’s economy to grow you have to either increase the number of inputs in production‚ or you have to find a way to increase your output with the same number of inputs. This is essentially what technology has done for most economies. In the Solow model they take the standard Cobb Douglas function Y = F(K‚ L) to show how growth in capital stock and labor force affect the economy and how they
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Benson James ECO 372 Fundamentals of Macroeconomics 08 October 2013 The gross domestic product (GDP) is defined as the market value of all goods in any country at any specific time. The gross domestic product is frequently used to establish a country’s wealth or standard of living. Even though the GDP is supposed to determine a country’s economic health‚ many nonbelievers think the gross domestic product does not account for the underground economy. An underground
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U.S. Productivity and Economic Growth during 1980s – 2000s This class is macroeconomics‚ which is a part of economics that is the field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena such as changes in unemployment‚ national income‚ rate of growth‚ gross domestic product‚ periods of inflation and price levels. Many changes have occurred in the U.S. productivity and economic growth since the 1980s. There have been periods of
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Report On “In Long run‚A Country’s Capacity To Produce Goods And Service Determines The Standard Of Livings Of It’s Citizen” Course: BUS 505 Macroeconomics Analysis Prepared for: Dr .K.M Zahidul Islam Asstt. Professor Course Instructor‚ Macroeconomics Analysis Submitted By : Nowazish Ahmed ID: 201202002 Roshedul islam ID: 201203052 Suman sarkar ID: 201202009 Khizir ahmed ID: 201202003 Institute Of Business Administration
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BEO2264 MICROECONOMIC ANALYSIS TUTORIAL QUESTIONS TOPIC 1 Question 1 (a) Discuss how microeconomic theory can help to explain the effects of lowering the minimum wage for teenage employees in the retail industry (b) How is the usefulness of a theory evaluated (c) “Observation without theory and theory without observation are equally useless in explaining the complexities of the real world”. Discuss. Question 2 (a) Distinguish between positive analysis and normative analysis.
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Fundamentals of Macroeconomics In order to accurately understand countries true economic outlook a person must consider many values. There is not just one value‚ although some may be better indicators than others. From purchasing of groceries‚ massive layoff of employees‚ to a decrease in taxes‚ each affects not only governments and businesses‚ but the general household as well. It is important for everyone to have a general understanding of how money flows within his or her economy from
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