Chapter 2: Date of Macroeconomics 1. What components of GDP (if any) would each of the following transactions affect? What will happen to GDP? Explain. a. A family buys a new refrigerator. Answer: Consumption increases because a refrigerator is a good purchased by a household. GDP increases. b. Aunt Jane buys a new house. Answer: Investment increases because a house is an investment good. GDP increases. c. Ford sells a Mustang from its inventory. Answer: Consumption
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Macroeconomic Forecast Outline Macroeconomics is‚ "the part of economics concerned with the economy as a whole; with such major aggregates as the household‚ business‚ and government sectors; and with measures of the total economy" (McConnell & Brue‚ p.13). "Two of the most critical questions in macroeconomics are: (1) What determines the level of GDP‚ given a nation ’s production capacity? (2) What causes real GDP to rise in one period and to fall in another?" (McConnell & Brue‚ p.72). So
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Performance Indicator Memo Executive Summary The aim of Performance Indicator is to increase golf ball manufacturers’ value by increasing revenue from new ball sales as a result of eliminating older‚ used balls through its color change coating technology. Although there appears to be a possible financial benefit based on the future perceived demand for new golf balls‚ PI’s new technology does not appear to have any transparent benefit or value creation for the end consumer (golfer). Consequently
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Introduction: With the interest rates having been cut four times since December 2009‚ by 350 basis points‚ the South African Reserve Bank (SARB) declared that the domestic economy is slowing. Two consecutive quarters of negative growth is evidence that an economy is in recession. The contraction in growth is believed to have been caused by a slump in export demand‚ forcing both manufacturers and miners to cut production. The SARB’s monetary policy committee is in meeting to discuss further rate
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Are multination corporations such as Wal-Mart helpful or harmful to the global economy? To a lesser extent‚ multinational corporation such as Wal-Mart are harmful to the global economy. Multinational corporation is a corporation or company that is registered in more than one country or that has operations in two or more countries. Global economy generally refers to the economy‚ which is based on economies of all of the world’s countries’ national economies. Also‚ global economy can be seen as the
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BY: SH The Market Potential Index is used to compare countries that are in transition and entering the markets. This allows companies to determine if a country has the capacity to market a product successfully. Michigan State University Center for International Business Education and Research implements the study on a yearly basis in order to compare and rank the countries on market potential through eight different dimensions with a scale that ranges from one to one-hundred. It is important to
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1. PepsiAmericas In 2000 PepsiAmericas merged with Whitman Corp and became the second largest Pepsi bottler of the United States. On the 1st of March 2010 PepsiAmericas became a division of PepsiCo’s‚ Pepsi Beverages Company. Today PepsiCo makes $60 billion in revenues and has 285‚000 employees. PepsiAmericas chose to implement a PeopleSoft ERP solution to increase the profitability of the company. The core ERP components helped PepsiAmericas to improve its business by establishing a complete
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Activists WAL MART’S Published by Wal-Mart Watch • 1130 Connecticut Ave. NW Suite 430 • Washington‚ DC 20036 • http://walmartwatch.com WAL-MART’S INTERNATIONAL EXPANSION “All around the world‚ we save people money‚ so they can live better. That’s good news – in any language.” – Wal-Mart Stores Inc. As of May 2007‚ Wal-Mart’s 7‚343 stores and Sam’s Club locations in 14 markets employ more than two million Associates world wide‚ serving more than 179 million customers a year. Wal-Mart isn’t just
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Datalogging Experiment (4) Acid-base Titration using Method of Double Indicators Student Handout Purposes To determine the composition of the following mixture by double indicator method: 1. NaOH(aq) and Na2CO3(aq) 2. NaHCO3(aq) and Na2CO3(aq) Introduction Consider a mixture of NaOH(aq) and Na2CO3(aq). Reaction between HCl(aq) and Na2CO3(aq) takes place in two stages: HCl(aq) + Na2CO3(aq) ⎯→ NaHCO3(aq) + H2O(l) …………………. (1) HCl(aq) + NaHCO3(aq) ⎯→ NaCl(aq) + CO2(g) + H2O(l) …………. (2) While
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Title: Wal-Mart Stores‚ Inc.: On Becoming the World’s Largest Company (2002) Executive Summary: Objective: This case’s objective is to be able to find out how Wal-Mart Stores positively responded to the time when they encountered a lot of problems and still end up to be the world’s largest company. Problem: Wal-Mart had experienced a very disappointing year. It was when sluggish consumer spending‚ rising unemployment‚ the energy crisis‚ and the terrorist events of September 11‚ 2001 all
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