Adrienne Monday F. SOCIO 101 WBYDX (Sir Café) Economy of the Philippines Jobless recovery has truly hit the Philippines. Despite being the 40th largest economy in the world and despite having larger GDP and GNP rates‚ the unemployment rate of the country rises more than ever as technology continue to be more advanced. The Philippines’ full year Gross Domestic Product (GDP) in 2013 grew by 7.2 percent‚ higher than the government’s expectations of 6 percent to 7 percent and despite
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Assignment 2: The Economy‚ Monetary Policy‚ and Monopolies Jaclyn Cunningham Dr. Bonina ECO 100 June 19‚ 2013 1. Analyze the current economic situation in the U.S. as compared to five (5) years ago. Include interest rates‚ inflation‚ and unemployment in your analysis. The current economic situation in the U.S. compared to five years ago is a bit of a change. Our economic growth has averaged less than 2.25% since our economic recovery began‚ but has been estimated to have slowed down by as
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Chapter 1 : Introduction to Macroeconomics 1) Which of the following is NOT a topic studied in Macroeconomics? A) gross domestic product B) the unemployment rate C) the price of IBM computers D) the inflation rate Answer: C . 2) Which of the following is a topic studied in Macroeconomics? A) gross domestic product B) the wage of auto workers C) the price of IBM computers D) the amount of pizza produced Answer: A 3) Which of the following is a topic studied in Macroeconomics? A)
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ECONOMIC GOALS: Five conditions of the mixed economy‚ including full employment‚ stability‚ economic growth‚ efficiency‚ and equity‚ that are generally desired by society and pursued by governments through economic policies. The five goals are typically divided into the three that are most important for macroeconomics (the macroeconomic goals of full employment‚ stability and economic growth) and the two that are most important for microeconomics (the microeconomic goals of efficiency and equity)
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Aggregate Supply and Demand Models ECO/372 November 24‚ 2014 Aggregate Supply and Demand Models Current state of Interest Rates and their effect on the U.S. economy Since the financial collapse of 2007 the United States Federal Reserve has maintained a system of policy accommodation consisting of lowering short-term interest rates to near zero levels‚ and buying large quantities of longer-term Treasury securities in order to encourage new spending and maintain the current prices of assets. Because
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performance‚ all goods and services that its citizens produced and whether they produced these items within its borders. * GNI (Gross National Income) - is GDP plus net receipts from abroad of wages and salaries and of property income. * Unemployment rate (in %) – the percentage of
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POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However‚ the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different
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In which ways did the Fifties and Sixties in the USA set the scene for the rise of conservatism in the Seventies and into the Reagan era? Was the rise of the right inevitable? Please explain your point of view. The 1950s in America are often described as a time of complacency. By contrast‚ the 1960s and 1970s were a time of great change. But the economy of the 70s was not stable because of the Oil crisis and presidents did not seem to find a solution to get the economy work again. For the right
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The only way to cut crime in our country is to make punishment server Year after year the world has change. Those changes have had the good and the bad impact in society. One of the bad impact is crime and violence. According to statistics in Albania in recent years crime has increased. Our country is the first in Balkans with the highest percentage of murders. There is an increase in burglaries‚ robberies‚ violence. The statistics show the murders level plot 4 to 100 residents.
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sector is supposed to be unresponsive to economic incentives and here the leisure preferences are imagined to be high; production for the market does not take place and producers apparently do not follow profit-maximizing rules: ‘disguised’ or open unemployment is supposed to prevail throughout the rural sector and indeed the marginal productivity of labour is expected to be zero‚ and in some cases negative (Nurkse 1953). Income is equal to subsistence level (Leibenstein 1957:154) partly determined by
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