We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Magic of Reckless Policies - Essay Example

Comments (0) Cite this document
Summary
Name Professor Name Class Date Magic of Reckless Policies The US economy by 2012 started exhibiting a positive gross domestic product (GDP) growth and a decrease in unemployment and budget deficit. Despite increasing debt levels, the economy seems to be recovering from the 2008 crisis…
Download full paper
GRAB THE BEST PAPER
Magic of Reckless Policies
Read TextPreview

Extract of sample
"Magic of Reckless Policies"

Download file to see previous pages In the last quarter of 2011, the GDP growth rate stood at 3 percent (BEA). In 2011, the GDP at current prices amounted to $15.094 billion or $13.315,1 at the 2005 prices (BEA). In 2010, the GDP at 2005 prices amounted to $13.088 billion. In 2011, it was the durable goods manufacturing that led the growth (BEA). Manufacturing value increased by 11.2 percent in 2010, and then again by 7.9 percent in 2011 (BEA). In comparison to durable goods, the services producing sector grew by 3 percent in 2010, and only 1.6 percent in 2011 (BEA). However, consumers suffered in 2012 from increased inflation and in turn decreased consumption of durables. An average person in the US benefitted from the positive GDP growth. In March of 2012, the real disposable personal income increased by 0.4 percent (BEA). The growth rate in the last quarter of 2011 was 1.7 percent (BEA). The cause of this decrease has been attributed to a rise in consumer prices in 2012 from 1.2 percent increase in 2011, to an additional 2.4 percent increase in 2012 (BEA). Real consumer spending, i.e. consumer spending adjusted for an increase in prices, increased 0.5 percent in February and then 0.1 percent in March (BEA). BEA attributes this decrease in the growth rate to a decrease in durable goods spending such as motor vehicles and parts (BEA). Since manufacturing of durables drove the GDP growth rates in 2010 and 2011, a decrease in demand led to a decrease in supply and thus GDP in March 2012. On the other hand, the US current account deficit increased by 2011. The current account deficit stood at $470.9 billion in 2010 and $473.4 billion in 2011 (BEA). The current account deficit in BEA National Economic Accounts is defined as: “the combined balances on trade in goods and services, income, and net unilateral current transfers.” The deficit amounted to 3.2 percent of GDP in 2010 and 3.1 percent in 2011. When dissected, the deficit on international trade in goods increased in 2011 to $738.3 billion from $645.9 billion in 2010. However, there was a surplus on international trade in services, which increased to $178.3 billion in 2011, from $145.8 billion in 2010 (BEA). Income payments too were in surplus in 2011. Net financial inflows increased in 2011 from 2010. Whereas they amounted to $254.3 billion in 2010, they increased to $394.1 billion in 2011 (BEA). Unilateral transfers decreased in 2011. In February 2012, the deficit on international trade in goods and services amounted to $46 billion, which is a decrease from $52.5 billion in January 2012 (BEA). It is expected that the current deficit will decrease in 2012 if the trade deficit keeps on decreasing and other variables remain moving as in 2011. Unemployment rate decreased in 2012. In March 2012, the unemployment rate stood at 8.2 percent in comparison to 8.9 percent in 2011 (Bureau of Labor Statistics [BLS]). When comparing to the start of the financial crisis in 2007, it can be seen that by 2010, unemployment reached it peek. In 2007, the unemployment rate stood at 4.6 percent. By 2010, the unemployment rate increased to 9.6 percent and has been decreasing since then (BLS). Unemployment has been decreasing in Ohio as well. In February 2012, the unemployment rate stood at 7.6 percent and then decreased by one percentage point by March 2012 (Johnson). In March of 2011, the unemployment rate stood at 8.8 percent (Johnson). Daily Treasury interest rates have decreased since 2011. The interest rate on a one month ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Magic of Reckless Policies Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1398439-intermediate-macroeconomics
(Magic of Reckless Policies Essay Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/macro-microeconomics/1398439-intermediate-macroeconomics.
“Magic of Reckless Policies Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/macro-microeconomics/1398439-intermediate-macroeconomics.
  • Cited: 1 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Tthe Magic Lantern
The main aim of the book is to present a perspective on the revolutions related to Communism from Eastern Europe in the year 1989 and the aftermath that affected the society in the European region (Timothy Garton Ash Website – Books). The objective of the review is to analyze and discuss the different points presented by the author in the book.
5 Pages(1250 words)Essay
Policies
Staff Review for the use of this policy is the review of a new or revised personnel directive performed by staff within the department or divisions other than Human Resources. This policy review gives the department directors the chance to provide ideas, suggestions and comments regarding the implementation of procedures which are included in the directive .
3 Pages(750 words)Essay
Science , Magic and Witchcraft
Having faith is like a partnership. We act in a certain way to be awarded or to receive something(the Muslims have to make a pilgrimage to Mecca at least once in their life, a Christian has to fast if he asks something to God etc). Some think these are only superstitions , but religions have always believes and practices.
3 Pages(750 words)Essay
Reckless Lifestyle
Again, I was bewildered and sought what I thought was a solution to my problems. I started taking drugs, drinking heavily, and did anything I could think of to obtain money.
2 Pages(500 words)Essay
What is magic
It was also written in lyrical prose which added to the charm of magic which is the novel’s theme. The King of Elfland’s Daugter is a book
6 Pages(1500 words)Essay
Magic
It was first published in 1924 and birth to the genre of fantasy fiction. The King of Elfland’s Daugter is a book about magic; about the perils of inviting magic into your life; about the magic that can be found in the mundane world, and the distant,
6 Pages(1500 words)Essay
Natural Magic
These were usually practiced by priests, druids or shamans ranging from large empires to small tribes. It is a fact that these men and women who practiced these studies were considered the most
1 Pages(250 words)Essay
The Reckless Decade
He goes on to give an account of legal, economic and political history of great men and their followers, whom they exploited. Efficiency,
1 Pages(250 words)Essay
Magic bullet
der drugs do not exist; often several medications are required along with changes in lifestyle or environment in order to effect clinically vital changes in a patient’s health status. This is also evident with the changing of health professional performance. According to
1 Pages(250 words)Essay
Promotional Budget-Magic knife
It is for this reason that I thought it wise to add some innovativeness to the normal knives and make them some sort of ‘magic-knives. These type of knives have the capability of changing peoples
2 Pages(500 words)Essay
Let us find you another Essay on topic Magic of Reckless Policies for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us