Though some economic growth has been recorded of late, a poorly performing economy remains the reality. Some major improvements have been noted in the recent months, with the state of unemployment in America reducing to 7.8%…
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r of the unemployed people in the US, which initially stood at 12.1 million, was decreased by around 0.5 million in September, leaving the unemployed people totaling to 11.6 million (Rugaber, 2012). Additionally, there was an overall economic growth of 0.7%, raising the annual economic growth rate to 2% from an initial 1.3%, during the quarter of April-June 2012 (Rugaber, 2012). The state of deficit and debt is not promising, since the US deficits and debt is growing at a higher rate than the GDP. This has the impact of requiring a substantial amount of revenue to be used in covering the interests payable to these debts (Rugaber, 2012). The inflation rate has been on the decline, standing at 2% from the historical average of 3.3% by September 2012 (Rugaber, 2012). The prices of commodities have been increasing constantly but at a lower margin of 0.6 by September of this year. Foreign trade has constantly decreased, marked by a reduction in US exports, while competition for foreign trade has significantly grown, notably from the Asian giants (Rugaber, 2012). The wages and income distribution has continuously recorded a great deal of inequality, with the gap between the highest and the lowest earners significantly increasing (Rugaber,
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Therefore, this essay seeks to synthesize the state of the American economy today, as presented by Kuhl, Lester in the article “Maintaining a Nation's Middle Class in the Global Economy”, as well as the discussion by Summers, Larry, in the article “The American Economy: Where Do We Go from Here?
Milton Friedman had said inflation was just a monetary phenomenon and macro policy couldn’t shift the economy to higher levels of employment. The impact from macro policy debates starts the macro section with a treatment of long-run growth as a function of supply side productivity factors.
The Constitution gave the country a framework to fall back on. Yet there were a lot more that needed to be plugged in. A judicial system did not exist and laws could not be framed. During 1789 to 1797, the Congress fleshed out the constitution, giving it the much-needed legal, bureaucratic, and military machinery.
The New York Time is pessimistic about the future of the American economy. In its two articles dated April 12 this year, the organization separately reports dim outlooks. The first states that the "Minutes from the March meeting of the Federal Open Market Committee, released yesterday, reinforced its position that inflation remained the biggest threat to the economy" (Rising Inflation 1).
) and the traditionally female occupations limit the women's earning power. This was the situation on the workforce market ten years ago. Today females can hardly complain about being stereotyped in terms of employment. Moreover, their contribution to the global and American economies has been very valuable.
Hence, it is imperative for professionals in the nursing field to have a strong grasp of the mental health and mental illness concepts and disorders in order to be able to render quality nursing care to all the individuals that are encountered in the health care setting.
Gross Domestic Product or GDP is the basic parameter used to measure the size of an economy. GDP refers to the value of total goods and services produced within the territorial boundary of a particular country within a given
The author effectively and directly answered the questions chosen immediately as stipulated in the first few sentences of the introduction. However, one suggests that as a general rule, an overview of the topic should be provided in the first few sentences of the introductory paragraph relating to China’s economy in general.
he story also traces the life of Jurgis and his family as they strive to survive in the industrializing American economy, which brings out the disadvantageous effects of industrialization on the working class. Considering the events in the story, it can be said that although the
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