Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Macroeconomics and Microeconomics - Merced County - Research Paper Example

Comments (0) Cite this document
Merced County Merced is a centrally located in California, USA. The county stretches from the Sierra foothills and the Coastal Range. It borders Mariposa, Santa Clara, Madera, Fresno, Mariposa, Stanislaus, and San Benito…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Macroeconomics and Microeconomics - Merced County
Read TextPreview

Extract of sample "Macroeconomics and Microeconomics - Merced County"

Download file to see previous pages Sixty eight percent of the population lies between 18 and 65 years, which is a good indicator of the county’s labor force market. Agriculture is the base of the county’s economy. As a result, Merced has been ranking among the top producers of chicken, cattle, calves, milk, cream, tomatoes, and silage in the state of California. In addition, the county is home to some of the world’s largest agricultural processing facilities, including the Hilmar Cheese production, Fosters Farms Poultry processing, Ingomar Packing Company tomatoes processing, and Ernest and Julio Gallo winery. Despite this, the unemployment rate has been on a steady rise since 2000 in the county. Census reports indicate that the rate of unemployment was 9.6% in 2000, shooting to 16% in the 2009 census. The country’s overall economic crisis since 2001 may be a reason, but there is need to salvage the situation. The rise in unemployment is a contributing factor to the current high rates of crime. Another economic metric of concern is the labor market, which stood at 90,500 in 2000, increasing to 105,200 in 2009 (US Census Bureau). The figures indicate that there has been a relative growth in the county’s labor force. Accordingly, 86,678 individuals older than 16 years were under employment in comparison to 105,059 the year 2009 in the same category, indicating a slow growth of employment opportunities in the county. New business establishments rose from 4700 in 2000 to 5832 in 2009. Other metrics indicate that the county is experiencing a dormant growth in large-scale business establishment, but with more small-scale businesses being setup. The result is the absorption of a relatively small percentage of the labor market by the new businesses. Another concern is the educational level of the county’s population. According to the US census Bureau data of 2000, only about 68.5% of individuals older than 25 years had attained a high school diploma, and a mere 11% had a bachelor’s degree or higher education. these percentages are low compared to the averages of California state, which recorded 76.8% in high school diploma holders and 26.6% with a bachelor’s degree or higher, indicating that the work force is relatively under-qualified. Sustainability in the food manufacturing and processing has changed the heavy reliance of the economy on production of farm crops. Consequently, the county has been attracting a significant number of manufacturing and processing plants with interests outside the agricultural sector. The county’s economic development is a responsibility of the Merced County Economic Development Corporation (MCEDCO). The corporation oversees the economic coordination of various efforts and organization that seeks to improve the county’s labor force market as well as provide a favorable business environment that will attract new businesses into the region (Moffat 46). MCEDCO claim that the county has been changing its reliability on agriculture but the fact is that the county still relies on the agricultural sector, from revenues to job (which often pay low wages and are seasonal). In order to maintain economic sustainability of the county, there is need for the MCEDCO to engage in several economic development efforts, including general economic development, economic base diversification, workforce training and education, economic partnerships, existing business retention and expansion, new business recruitment and attraction, and tourism attraction. The MCEDCO (whose members ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Macroeconomics and Microeconomics - Merced County Research Paper”, n.d.)
Retrieved from
(Macroeconomics and Microeconomics - Merced County Research Paper)
“Macroeconomics and Microeconomics - Merced County Research Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Macroeconomics and Microeconomics - Merced County

Appealing against the Refusal of the County Court

It is obvious from the stated facts that she was aware at all times during the time of the design, construction and the building process itself and the objections raised by her at the time of invoice are absolutely belated. At this juncture, her refusal to pay for the construction, therefore, seems to be a breach of contract.

However, the regulation covers an important aspect of human values since it is concerned with the safety of wild animals and the risks posed to it by the construction of a pool with unsafe parameters. If the sole criterion of this concern for wildlife safety is considered it becomes difficult to associate it with either the location of the pool within an urban or rural area and Samantha’s con...
6 Pages(1500 words)Assignment

Macroeconomics and Trade Policys

Keynes argued that prices and wages do not determine the level of employment, as many classical economists suggested, but instead the level of aggregate demand for goods and services (Case & Fair 683). Keynes realized as well during the Great Depression that the government could intervene in the economy to attain specific employment and output goals by either increasing or decreasing taxes and government spending.

For example, raising taxes will decrease the disposable income of households and thus effectively decreasing consumption. When the government decreases consumption, the household demand for goods and services decreases thus it would only seem reasonable that the amount of output that the economy would also...
7 Pages(1750 words)Article

What Is Macroeconomics

While microeconomics is concerned with the factors underpinning the economic life of individual entities like families and small businesses, macroeconomics looks into the various elements that move or determine the economy in its entirety or what some call an aggregate economy. Macroeconomics is useful because it allows a predictive view of how market forces affect the economy and advises governments appropriate economic policies and gives private individuals and business entities a glimpse of what the future holds economically.
The term macroeconomics did not exist prior to the Great Depression but there was a collective set of theories that were used to study the various workings that influenced the aggregate economy. Econo...
8 Pages(2000 words)Assignment

Intermediate Macroeconomics and Macroeconomic Coordination

...CHAPTER 04 (MACROECONOMIC COORDINATION) We know that when GDP, APE & ASF are unequal, than an interplay occurs (Macroeconomic coordination process) which bridges the gap between these variables. If there is a disparity between ADF & ASF, there will be an automatic reaction among money users & suppliers which restores the magnitude of these variables to equality generally known as funding adjustment. Similarly, if there is a difference in the values of GDP & APE, it will trigger the suppliers of goods & services to act together and bring the figure close to equality. This process is called output-price adjustment. The purchasers of the domestic output can be classified into three groups. Group 1 involves individuals having sufficient money...
6 Pages(1500 words)Assignment

The Principles and Motivating Force of Microeconomics

.... On the other hand, macroeconomics often engulfs the sum total of all the economic activities that related to economic growth, unemployment, and inflation. Notably, microeconomics often deals economic policies that usually influence or affect a nation. Therefore, microeconomics is an aforementioned phenomenon of economy. Some of the areas of the economy affected by microeconomics include the taxation levels of a particular country. For instance, the emergence of Lucas analyzes lead to the introduction of the modern macroeconomic theory that is defined upon the basic assumptions of the micro level behavior. Among the main aims or objectives of the microeconomics is to analyze the market mechanisms that defines relative prices of goods...
8 Pages(2000 words)Term Paper

Macro and Microeconomics Factors in the UK Housing Market

The housing industry is divided into residential, commercial and industrial segments. Economists define supply in terms of service units, that is, a physical unit can be deconstructed into the services that it helps provide. These housing unit services are considered as an unobservable theoretical construct. Housing stock depreciates making it qualitatively different from a brand new constructed building.
The owner, user/owner and renter comprise the demand side of the housing market while the renovators and developers comprise the supply side of the market. In order to implement the simple demand and supply analysis to the housing markets, several modifications have to be made to the standard microeconomic procedures and ass...
8 Pages(2000 words)Research Paper

The Function of Annie Quenneville in Essex County by Jeff Lemire

Different speculations even claim that there are a greater number of sexual orientations than simply the two most usually acknowledged.
The tests women confront in endeavouring to enter effectively and continue in generally male-ruled work situations radiate from universal sexual orientation progressions and standards that win in the family and social order. In spite of sex correspondence and strengthening, the family unit has a customary structure – and still has – that makes people the overwhelming sex (Hartmann, 111). These accepted stereotyped part desires overflow to authoritative strategies and practices to uphold ladies underestimated workplace.
For the most part, a longing for status, force, and soc...
8 Pages(2000 words)Coursework

Solano County Multi-Species Habitat Conservation Plan

...Solano County Multi-Species Habitat Conservation Plan Introduction 1 Background In 1999, a Biological Opinion considering the Solano Project Water Service Contact Renewal among the Bureau of Reclamation, the Solano County Water Agency and the Interior Department of United States issued by the US Fish and Wildlife Service (USFWS). This project aids to SCWA & its contractors by providing water. The contract between the USBR and the SCWA is continued for 25 years and delivered water to Solano Project for agricultural, industrial and municipal purpose throughout the length of agreement. This agreement also provides for continued maintenance and operation of Solano Project, which was based on present operating factors. Its include Monticello...
10 Pages(2500 words)Assignment

A Five-Year Budget Proposal for Macomb County

...A Five-Year Budget Proposal for Macomb County II Fire Department ID A Five-Year Budget Proposal for Macomb County II Fire Department Macomb County II Fire Department based the development of their budget for strategic reasons. This explains why the budget developed is to cover a period of Five years. The five-year budget is developed and broken down into smaller pieces that are then used during operations to cover the financial control aspect of the county. The county bases on its mission that aims at educating the people of Macomb, protecting and delivering to them services excellent services through progressive training, well organized and cohesive team (Macomb Township, n.d). The county fire department covers a number of aspects within...
6 Pages(1500 words)Assignment

White Tailed Deer Management Plan for Fairfax County, Virginia

...White-Tailed Deer Management Plan for Fairfax County, Virginia (Term Paper) Number Faculty Introduction Virginia, a part of Fairfax County is located near a big tract in forested parkland. Approximately twenty-five years ago, finding deer in the place was quite rare. However, in some years later deer sightings were found to be occasional and they could easily be found browsing anywhere near households in the region. Overpopulation of the animals, as mentioned above in the suburban surrounding, has been a major concern both in the eastern and central parts of the Fairfax County (Saari, 2012). Overpopulation particularly of the Fairfax County of deer has caused damage to the ecology, resulted in significant loss of property by damage...
6 Pages(1500 words)Term Paper
sponsored ads
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.

Let us find you another Research Paper on topic Macroeconomics and Microeconomics - Merced County for FREE!

Contact Us