National Income is defined as the sum total of all the goods and services produced in a country‚ in a particular period of time. Normally this period consists of one year duration‚ as a year is neither too short nor long a period. National product is usually used synonymous with National income. Concepts of National Income There are different concepts of National Income‚ namely; GNP‚ GDP‚ NNP‚ Personal Income and Disposable Income. Gross National Product (GNP) GNP at market price is sum total of
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Who would have imagined it? After years on top‚ Nike suddenly looks like a world-class marathoner who‚ in midrace‚ questions whether he’s got what it takes to keep on running. Nike’s symptoms of distress: a global glut of shoes‚ flat sales in key markets‚ and declining profits. Moreover‚ the global brand champ that captured its own winning corporate mindset with the "Just do it" ad slogan has a new pitch‚ "I can"--to which investors seem to be retorting‚ "No‚ you can’t." Losing faith‚ they have knocked
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MACROECONOMIC ANALYSIS Russ Graziano ECON 545 Keller Graduate School of Management April 13‚ 2014 Introduction The idea Edgar has for opening up four new gas stations is based on a well based argument making it viable as a profitable business venture. The evaluation on the American consumer to accept the high price for gas oil prices forms the first approach towards establishing a business. Gasoil businesses in the world run as cartel where it supply and prices
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April 8‚ 2013 EXPANSIONARY POLICY 2 Expansionary policy is a macroeconomic policy that seeks to expand the money supply to encourage economic growth or combat inflation. One form of expansionary policy is fiscal policy‚ which comes in the form of tax cuts‚ rebates and increased government spending. Expansionary policies
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| 2012 | | AIU ONLINE Giovanna Alyssa Garcia | [Macroeconomics week2] | | In this week’s assignment we are to evaluate two industries. The following paragraphs describe both industries and its characteristics. By defining these industries I will determine its effects on the other markets in that firm and whether or not other firms can or cannot succeed. If Industry A has twenty firms with a concentration ratio of thirty percent this is known as a monopolistic company with a low
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High budget deficits will certainly affect the overall economic growth and the debt that the U.S. has to struggle with. High budget deficits today will reduce the growth rate of the economy. Economic growth is defined in the text‚ Principles of Macroeconomics‚ as “an increase in the total output of an economy. It occurs when a society acquires new resources or when it learns to produce more using existing resources” (Case‚ Fair & Oster‚ 2009‚ Pg. 422). It is assumed that future generations will
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ECONTWO: EXERCISE 1 WINFRED M. VILLAMIL 3rd TERM‚ 2013-2014 --------------------------------------------------------------------------------------------------------------------------- I. Indicate to which the following items of GDP belong by writing C for personal consumption expenditure‚ I for gross capital formation‚ G for government spending‚ and EX for exports. Write O if it is excluded from current GDP. O 1. Payment by the government of social security benefits to a retired public
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STUDY GUIDE#2 for Macroeconomics TEST#2-Wednesday‚ March 5th ‘14 PS: TEST#2 will have 55 questions (including extra credit questions) for all students Study and know very well the following topics: Topic#1-Miscellaneous Topics (1)Study and know very well the ten (10) principles of economics and their categories (2)Study and know the definition of the central economic problem in societies (3)The definition of the Scientific method and its analytical tools (4)Study and know the definitions
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Econ 301 Intermediate Macroeconomics‚ Professor __________ Park University Online‚ Fax _________________ Final Exam (Weight 300 Points) STUDENT’S NAME ______________________________ Multiple choice Questions. (Weight 5 points each) Choose the best answer. 1) The unemployment rate is the number of ? 2) The value of steel sold to an automobile producer is __________ directly included in the GDP because __________. 3) In the simplest Keynesian model of the determination of income‚ interest
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The government and policymakers of a country intervenes in the economy in order to achieve economic growth‚ price stability‚ and low rate of unemployment. First and foremost‚ economic growth can be defined as an increase in the country’s output over a period of time. This means there is an increment in her productive capacity hence a rise in national income. A high economic growth is desirable as it represents an improvement in the material standard of living of the society. A rising real income
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