Assessment on "Macroeconomics Summary in the Eighth"
Assessment 6 pages (1530 words) Sources: 7
[EXCERPT] . . . .
bea.gov/national/index.htm#gdp and open up the latest News Release on Gross Domestic Product (GDP). Investment is necessary to replace, modernize, and expand the nation's production capacity. Find the paragraph that deals with real nonresidential fixed investment.a. What was the percentage change in nonresidential fixed investment during the previous two quarters?
According to the news release published by the Bureau of Economic Analysis, "real nonresidential fixed investment increased 2.1% in the first quarter, compared with an increase of 13.2% in the fourth" (2013).
*** Use this YouTube instructional video to complete the production curve, the data you need is included above in the table: http://www.youtube.com/watch?v=c24MBi26tgQ.***
References
BEA. U.S. Department of Commerce, Bureau of Economic Analysis (2013). National income and product accounts gross domestic product, first quarter 2013 (advance estimate) (BEA 13-18). Retrieved from Government Printing Office website:
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
The Economist. The america that works. (2013, March 16). The Economist. Retrieved from http://www.economist.com/news/leaders/21573544-luckily-dysfunction-washington-only-one-side-americas-story-america-works
Kurtz, A. (2013, April 06). U.s. economy revved up, but it's probably temporary. CNNMoney,
Retrieved from http://money.cnn.com/2013/04/26/news/economy/gdp-report/index.html
Monbiot, G. (2010, March 19). Bluefin tuna loses out simply because scarce fish ma
download full paper ⤓
Schiller, B. (2010). Essentials of Economics (8th Ed.). New York, NY: McGraw-Hill/Irwin
Tyson, L.D. (2012, November 30). The 'go fast' and 'go big' fiscal challenges. The New York Times. Retrieved from http://economix.blogs.nytimes.com/2012/11/30/the-go-fast-and- go-big-fiscal-challenges/ READ MORE
Quoted Instructions for "Macroeconomics Summary in the Eighth" Assignment:
“Text
Schiller, B. (2010). Essentials of Economics (8th Ed.). New York, NY: McGraw-Hill/Irwin.
Chapter 1 & 2
Complete a summary (2pages per chapter) of each chapter. Summaries should be thorough, highlight the main points, and address the learning outcomes below. Please write in your own words, not text approach. Demonstrate understanding by applying terms and concepts to personal examples.
Course Outcomes:
Describe and explain the following concepts: resource allocation, scarcity, competitive advantage, the market system, and the role of supply and demand.
Discuss the market system and how it operates under different political systems.
Discuss comparative advantage and its importance to governments and businesses.
Discuss the effects of national economic policy on: inflation, unemployment, and growth.
Explain how the balance of trade affects fiscal policy.
Explain: what money is, its three functions, and how banks create money.
Compare and contrast Keynesian and Classical economic policies.
Other References:
CNN
Wall Street Journal
Business Week
http://www.economist.com/
The Subprime Primer *****Politically incorrect but nonetheless accurate
SouthPark Margaritaville ***** Politically incorrect but accurate on financial meltdown
How to Reference "Macroeconomics Summary in the Eighth" Assessment in a Bibliography
“Macroeconomics Summary in the Eighth.” A1-TermPaper.com, 2013, https://www.a1-termpaper.com/topics/essay/macroeconomics-summary-eighth-edition/2127896. Accessed 28 Sep 2024.
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