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Macroeconomist analysts use gross domestic product figures to derive business cycles and investigate their cause.
Macroeconomic analysts measure unemployment using rates that show the number of people available in the labor force who do not find work. These analysts observe that unemployment rates fall with progressive growth in the economy (Mankiw 26). Progressive economic growth manifests in the growth rate of a country’s gross domestic product. Rising gross domestic product indicates an increase in national output, hence, the need for many laborers to sustain the increased level of production. Employment reports impacts trends in different sectors of the economy including the currency and bond markets (Rittenberg 530).
Inflation is the rate at which prices of goods and services in a country rise. Macroeconomic analysts measure inflation using the consumer price index and the gross domestic product deflator. The consumer price index captures the prices of a given number of goods at a given time (Mankiw 13). The gross domestic product deflator is a fraction of the nominal gross domestic product and the real gross domestic product. A rise in the prices of services and goods results from an instance where the nominal gross domestic product is bigger than the real gross domestic product. A change in the consumer price index corresponds to a change in the gross domestic product deflator with a difference of less than one percent (Rittenberg
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In the article therefore, Mario Draghi hints of the bank’s decision to on a short term to medium term basis revise its interest rate further down. According to the report, there is the consideration of keeping the interest rate low “but its policy makers had decided to keep the main refinancing rate on hold for the fifth consecutive month” (Steen, 2013).
This in turn gives first hand information required for the analysis.
Statistical analysis may be misused in cases where secondary data is used. This refers to a situation in which data is obtained from either reference books or the internet. Secondary data
Since a gold standard requires that the value of currency be fixed in terms of gold, for example an ounce of gold being worth $20 and 60 cents, then gold had to be sort and brought to the central bank so that it
The stock market of American S&P 500 given in the graph below, predicts recession since the prices of stocks were stable and steadly growing until 2002-2003 and also in the year 2008-2009. These years were characterized by
Frictional unemployment is a form of unemployment that occurs due to the voluntary job search by the employees for better opportunities. Frictional unemployment occurs as the jobseekers tend to look out for the
Apple is Smartphone Company founded and deals in phone technology around the globe. Decision is made from the top to the bottom (Klaiber, Ben, 2013). Management generates the ideas and passes them on to the
This meant that buying goods in US dollar was quite expensive than buying goods in GBP. The demand for GBP will therefore increase as consumers would want to purchase using GBP or import foreign goods. That is, the depreciation of the pound relative to
Cross-price elasticity is calculated be 0.68. This implies that a percent rise in price of competitor’s good results into a 0.68% rise in the quantity demanded of the good or service. 0.68 indicates that the product is fairly inelastic to a
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