Reflection-Economic Forecasting ECO/372 June 3‚ 2013 Historical and forecast economic data can be obtained from various locations. The Internet grants access to several sites that provide tools for the individual to collect the data. One must choose which site provides the required information needed to support the facts. In the following paragraphs‚ team B has supplied various resources where historical and forecast economic data can be obtained and a summary explaining
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Fundamentals of Macroeconomics Paper Jerry L. Robinson ECO/372 JUNE 07‚ 2012 CHAD McDermott Fundamentals of Macroeconomics Paper Gross domestic product: is the value of all goods and services produced in a country in any given year or specific time period. This is measured in dollar amounts and basically the higher the GDP‚ the better the economy is for that country. Real gross domestic product: is nominal Gross domestic product that has been adjusted for inflation. This means that the quantity
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Fundamentals of Macroeconomics ECO/372 Version 4 11/03/2013 Part 1 Macroeconomics includes a variety of terms relevant to its study. The following terms help identify key factors that influence the U.S. economy. The Gross Domestic Product
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Be Intelligent—Identify the Stakeholders You’ve identified the issue‚ and your ultimate goal is to take an action that will solve or address that issue. But we can’t skip right to the end just yet! Before thinking about the solution‚ consider the other people in the situation. Your decision—even if that decision is to do nothing—will have an effect on some people. We call these people the stakeholders. Like a pebble hitting the water‚ our actions have consequences that ripple out from the
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Week 2 Fundamental Macroeconomics October 22‚ 2012 ECO/372 There are several factors that affect our economy‚ gross domestic product (GDP)‚ real GDP‚ nominal GDP‚ unemployment rate‚ inflation rate‚ and interest rates. All of these factors have influences over how we purchase groceries‚ weather there will be massive layoffs of employees‚ and decrease in taxes. Gross domestic product is the market value of final goods and services produced within a country in a given period. Which this is commonly
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International Trade and Finance ECO/372 November 24‚ 2012 Carol Szerszen The purpose of this paper is to prepare a speech that will be provided to a number of reporters that are not well versed with economics. In this paper I will talk about international trade and foreign exchange rates and how those affect the GDP‚ domestic markets‚ and students. I will also outline some of the benefits on goods and services that are imported from other countries and how those contribute to our economy
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Fundamentals of Macroeconomics David Hanke ECO/372 August 19‚ 2013 Paul Updike Fundamentals of Macroeconomics Macroeconomics deals with the study of the economy as a whole‚ rather than that of individual markets. It takes into consideration how the variances and changes in prices‚ wages‚ policies‚ expectations‚ etc. throughout the economy influence the supply and demand of the economy in its entirety. There
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This file comprises ECO 372 Week 5 Learning Team Fiscal Policy Paper General Questions - General General Questions Discuss within your Learning Team how and why the U.S.’s deficit‚ surplus and debt have an effect on the following: · Tax payers · Future Social Security and Medicare users · Unemployed individuals · University of Phoenix student · The United State’s financial reputation on an international level · A domestic automotive manufacturing (exporter)
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The NAFCU site is a very useful site to use when trying to forecast economic trends and data. With this site you are able to research credit union data and trends. This can be very useful because credit unions are one of the largest banking systems in the United States. If you are able to see trends from these banks then you can better forecast the trends in the economy because they are a large part of the economy. Datatrac’s website is useful because it shows you a comparison of retail loans and
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This pack of ECO 372 Week 4 Discussion Questions shows the solutions to the following problems: 1)What if I was coaching football again in a small town in Idaho and had a player who was faster than anyone on the team? He can throw the ball farther and more accurately than anyone on the team. He does a better job of blocking and is a great tackle. What if this player had an absolute advantage in almost every position in football? It is obvious this player should be the quarterback. (Use the
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