is a statistic that indicates the current status of the economy‚ and how the economy will likely perform in the future. Investors and other private or government organizations use this information as a tool to make business decisions. By gathering historical data about the economy and comparing it to current trends‚ you can compile a snapshot of economic fluctuations. The direction of an indicator may vary according to changes in the economy. The indicator can be leading‚ lagging‚ or coincident.
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University of Phoenix Material Macroeconomic Terms Describe the following terms in your words. Term Definition Gross Domestic Product (GDP) Is the total market value of a country’s goods and services been produced or made within that country for a precise period of time. It is also known as the toatal value of a nation’s goods and services produced domestically in that particular year. Real GDP Is the calculation of an economy which involves the quantifying of inflation on how the market
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As an American citizen‚ I initially believe that outsourcing is a terrible thing for America’s economy. When you hear about American jobs closing to be moved over overseas‚ it makes you worry about our already troubled economy. You become worried about all the employees who have been removed from their jobs. The government will provide a limited supply of unemployment pay‚ but they cannot guarantee all displaced employees’ their jobs back. When these displaced employees start receiving their unemployment
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networked infrastructures presents us with significant analytical and decision-making complexities‚ with both technical and policy relevant dimensions. In this security survey I will be using predominantly examples from the staff’s interviews and other security elapses that present two perspectives on these complexities. First is to present critical human error infrastructures as complex adaptive systems‚ which share certain characteristics that policy makers and managers need to account for. Secondly
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policy is a macroeconomic policy that seeks to expand the money supply to encourage economic growth or combat inflation. One form of expansionary policy is fiscal policy‚ which comes in the form of tax cuts‚ rebates and increased government spending. Expansionary policies can also come from central banks‚ which focus on increasing the money supply in the economy. The U.S. Federal Reserve employs expansionary policies whenever it lowers the standard fed funds rate or discount rate or when it buys
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Interest Rate Forecasting using Regression Analysis Introduction Forecast of interest rates can be done in many different ways‚ qualitative (surveys‚ opinion polls) as well as quantitative (reduced form and structural approaches)* Example of methods in quantitative approaches - Regression method - Univariate method (e.g. ARIMA) - Vector autogressive models (VAR) - Single equation approaches - Structural systems of simultaneous equations This paper will focus on the structural
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DATE: 2ND AUGUST 2013 1. Introduction Shift work is common in many sectors. Essential and emergency services such as medical‚ transport‚ fire and rescue‚ law enforcement services and some public services have to be provided round-the-clock. In recent years‚ some service establishments such as convenience stores and fast food shops also provide 24-hour service and employees concerned therefore are required to work in shifts. Suitably arranged shift work is important to employees‚ employers and
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Fundamentals of Macroeconomics Paper ECO 372 12/12/2013 The Gross Domestic Product (GDP) This is used to measure the total market value of all goods and services. The value is measure against the total amount produced within a country in a year or over a period of time. There can be issues with the accuracy of the calculations‚ because the Government receives the data which only analyzes the output of goods and services that were reported. There may be circumstances
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A Paradigm Shift Andy Santiago ITT Technical Institute GS 1140 Mr. Torregrasso April 3‚ 2012 A Paradigm it is what we all see as a world view. Paradigm shift is defined as being a radical change in underlying beliefs of theory (Kuhn‚ 1922). What this means is we believe and rely on something our whole life‚ but then new science discoveries test our beliefs. A good example of this is the paradigm that separated the revealed truth of the Bible from scientific truth. In today’s world science
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Question 1 . Using a market-clearing model to analyze the demand for haircuts is ______ because the price of a haircut usually changes ______. Answer Selected Answer: unrealistic; infrequently Correct Answer: unrealistic; infrequently . Question 2 . Which of the following is not the correct combination for a U.S. president and an important economic issue of his administration? Answer Selected Answer: President Clinton‚ inflation Correct Answer: President
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