...Fiscal Policy Paper According to Colander (2010), a “deficit is a shortfall of revenues under payments and a surplus is an excess of revenues over payments” (p. 406). A debt is normally money that is owed or due and in the United States for Fiscal Year 2013 the budget deficit was projected at $901 billion, however, debt was more than $16 trillion at the end of 2012 (about.com, 2012). The state of the economy is what dictates the view of what is provided by economist in terms of potential output of goods. To stimulate the economy whenever possible it is best to run surpluses or at the very least balance a budget. Unemployed individual During a surplus, deficit or debt an unemployed individual is greatly affected and has a profound effect on unemployed individuals. During a deficit or when the government is experiencing large debt companies lay employees off to cut spending so there are fewer jobs on the market. An individual will have to make greater effort in finding comparative employment, accept temporary employment or collect unemployment to survive with fewer jobs on the market. Unemployed individuals will discover that finding employment is competitive and individuals who previously acquired a specific level of education will find themselves vying for positions against candidates possessing all levels of experience and education. Unemployment will decrease the amount of liquid cash in the economy, thereby, lowering demand and supply of goods impacting monetary policies...
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...ECO 372 Entire Course (UOP Course) For more course tutorials visit www.tutorialrank.com ECO 372 Week 1 Discussion Question 1 ECO 372 Week 1 Discussion Question 2 ECO 372 week 1 Individual Assignment Term Definition Paper ECO 372 Week 2 Discussion Question 1 ECO 372 Week 2 Group Discussion Question ECO 372 week 2 Team Assignment Industry Overview Paper ECO 372 Week 3 Discussion Question 1 ECO 372 Week 3 Group Discussion Question ECO 372 week 3 Individual Assignment Fiscal Policy Alternatives Simulation ECO 372 week 3 Team Assignment Economic Indicators Paper ECO 372 Week 4 Discussion Question 1 ECO 372 Week 4 Group Discussion Question ECO 372 week 4 Team Assignment Economic Indicator Forecast Paper ECO 372 week 5 Individual Assignment Applying International Trade Concepts Simulation ECO 372 week 5 Team Assignment Economic Project Paper ECO 372 Final Exam Guide ------------------------------------------------------------------------------------------ ECO 372 Final Exam Guide (UOP Course) For more course tutorials visit www.tutorialrank.com 1) The largest source of household income in the U.S. is obtained from 2) The market where business sell goods and services to households and the government is called the 3) Real gross domestic product is best defined as 4) Underemployment includes people A. who work "off-the-books" to avoid tax liabilities B. who are working part time, or not using all their...
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...All rights reserved. University of Phoenix© is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft©, Windows©, and Windows NT© are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix© editorial standards and practices. Policies Students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class....
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...2004 by University of Phoenix. All rights reserved. Course Description This course introduces the fundamental theories of microeconomics and macroeconomics. The economic principles studied in this course apply to everyday life as students research an industry, debate issues with trade agreements, discuss the effects of a shift in labor supply and demand, and discuss the strengths and weaknesses of the Consumer Price Index calculation. In particular, students research an industry affected by the economy and perform an economic analysis of the chosen industry. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure...
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...edu/portal/portal/public/login.aspx | Course Syllabus School of Business ECO/372 Version 4 Principles of Macroeconomics | Copyright © 2012, 2008, 2007, 2006 by University of Phoenix. All rights reserved. Course Description This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics. Students learn practical applications for macroeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the...
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...Fiscal Policy Paper ECO 372 Fiscal Policy Paper Learning Team discusses about how and why the U.S.'s deficit, surplus, and debt have an effect on taxpayers, future Social Security users, and Medicare users. A deficit is an excess of expenditures over revenue. A surplus is an excess of revenues over payments. Debt is the amount owed by the government. The team also notes that the U.S. national debt may break 18 trillion before the end of this year from observing the U.S. Debt Clock.org (n.d.). The summary from the discussions is briefed within this paper. Taxpayers When the government is in debt, taxpayers can bear the burden, often normally in an external debt position, where the government owes foreign countries. With high debt, taxpayers will likely have to pay more taxes on their wages to offset the debt. When they do, it will become a surplus and taxes can go down again. However, even if there is a high debt, but there is also a large surplus, there can still be room for lower taxes. High taxes are never what the people want to see but can be a necessity to keep the economy flourishing. Future Social Security and Medicare users Once upon a time, it was normal to expect when one would receive Social Security or rest knowing one could apply for Medicare to participate in government funded medical. Thanks to the nation’s huge debt, largely contributed by President Obama, people are no longer certain about these programs. The future of these government expenditures...
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...University of Phoenix Material Aggregate Demand and Supply Models Select and complete one of the following assignments: Option 1: Economic Advisement Paper Imagine that your Learning Team is a group of economic advisors working for the U.S. president. You have been tasked with evaluating the current state of the U.S. economy and making recommendations on how to improve it. Part 1 Analysis and Recommendations: Describe the current state of the following economic factors and analyze how each affects aggregate supply and demand: • Unemployment • Expectations • Consumer income • Interest rates Develop a set of recommendations for the president regarding government spending and taxes based on the economic factors' current state. Part 2 Evaluation of Recommendations: Before you submit your recommendations to the president, decide as a team to evaluate the recommendations from different perspectives. Assign half of your team to evaluate the recommendations from a Keynesian perspective and the other half from the Classical perspective. Based on these evaluations, what adjustments will you make to your recommendations, if any? Write a 1,050- to 1,400-word report that summarizes the recommendations. Option 2: Economic Critique Imagine that your Learning Team is a group of international reporters. You have been tasked with describing and critiquing the current state of the U.S. economy. Describe the current state of the following...
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...The Business Environment Stevie Neal BUS100284VA016-1124-001 January 22, 2013 Professor Carlotta Burnette Abstract During the course of this paper it will describe the role of business in the economy, compare and contrast the roles of for-profit and nonprofit organizations in the economy. This paper will also discuss the impact of current fiscal and monetary policy on the economy as well as outline a strategy for accessing global markets. By the time you the reader are done reading this paper you will have some knowledge on the impact of certain organization’s level of social responsibility on a stakeholder group. Describe the role of business in the economy. To understand fully the role that business plays in today’s economy we first have to understand the word business. Business according to Business Dictionary, (2011): Business is An economic system in which goods and services are exchanged for one another or money on the basis of their perceived worth. Every business requires some form of investment and a sufficient number of customers are to whom its output can be sold at profit on a consistent basis. The foundation of a healthy community is a sustainable and diverse economy that is able to generate wealth for community members, businesses, and all those who interact within the community. That wealth provides income-earning opportunities for members, contributes to the quality of life, makes the community an attractive place to live and reduces poverty and...
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...For the debate, my team argued for expanding fiscal policy, however, in my personal opinion, I fear fiscal policy is too easily abused by politicians seeking reelection and the support of wealthy constituents. In this paper, I will analyze how how politicians have chosen to expand fiscal policy in ways that favor the wealthy and do not improve economic equality. Supporters of fiscal policy claim that cutting taxes enables the American to increase their savings, consumption, and investment (7). While tax cuts were observed in the 1920s and 1960s, expansive fiscal policy tax cuts quickly became associated with a neoliberal capitalist approach to governing, also including ideas surrounding deregulation, privatization, reduction of social services,...
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...The Business Environment s BUS100 Abstract This paper covers varies aspects of business and the effect it has on our economy. Inside I will cover the role of business in the economy and I will also educate you on some of the differences and similarities of a for-profit and a non-profit organization. I will also cover the impact of our current fiscal and monetary policies on our economy. The final part of the paper will give you an idea of how I would expose a product to global markets and the impact of social responsibility on a stakeholder group. The Business Environment Introduction In today’s business environment a new era has dawned upon us. A business can be open almost anywhere as long as it follow the rules and regulation. A business environment depends upon the enterprise operating within the framework of the competitive market economy. Therefore globalization and society as a whole has presented opportunities that has arisen in recent years to change the business environment. There was a time when we iron our own cloths, now there are drycleaners on every corner, advertising for our business. People are eating out at fast food restaurants instead of cooking at home. These complex structures are known as a business. These small functioning businesses play a vital role in our economy...
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...Fiscal Policy Paper Learning Team B ECO/372 November 30, 2015 DON OLSEN Fiscal Policy of the U.S.A People of a country are influenced by the economic conditions of the country in several ways. There were different phases faced by the U.S economy in different period of times from shortage of funds and budget and excess of funds and budget to huge debts. These economic situations influence the lives of the people in many ways. In this paper the United States economy’s surplus, debts and deficits as well as the ways it influences the lives of normal taxpayers of the US, social security situation in the coming years and Medicare beneficiaries, people with no employment, Students of University of Phoenix, the status and repute of the financial position of the US in the world, a local self-propelled production exporter, an importer of Italian Company Clothes, and the GDP of the US, will be discussed. Taxpayers Taxpayers in the US are impacted very much by the US surplus, deficits, and debts etc. There would be definitely low money available in the country when there is deficit in the budget of the country that would affect the taxpayers. The government takes the help to improve the money situation in the country. A surplus in the country impacts the taxpayers as although there is excess of money in the country and there are fewer taxes, but they are there. Despite of excess of money, people in the country have to pay taxes. The people in the country paying taxes are affected...
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...ECO 372 Course Syllabus Course Description This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics. Students learn practical applications for macroeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Colander, D. C. (2010). Macroeconomics (8th ed.). Boston, MA: McGraw-Hill/Irwin. All electronic materials are available on the student website. Week One: Fundamentals of Macroeconomics | | Details | Due | Points | Objectives | 1.1 Explain the economic interaction of resources among households, government, and business. 1.2 Describe gross domestic product, inflation rate, unemployment rate, and interest rate. 1.3 Identify sources of historical economic data and economic forecasts. | | | Reading...
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...International Trade Simulation and Report ECO/212 April 17, 2011 University of Phoenix In our world economic system today import and export can be the heart and soul. Most all the states throughout the world export and import merchandises and goods based on their necessities. The governments exercise their studies with in-depth consideration, restrictions and limitations. In this report we will discuss the benefits and restrictions of global trade. We will also produce the evaluation of real and relative benefits and impact affecting foreign currency rates. We will also evaluate the team concept summary outcomes and focus on collected critic as the result of government policy on monetary policy. List at least one advantage and one limitation of International Trade as identified in the simulation One advantage of International Trade as identified in the simulation is opening the countries borders to international trade and investments allows for greater benefits. The greater benefits are, they can import products that are more efficiently produced in other countries. Importing of these goods allows customers to receive more choices for price and quality. At the same time, domestic producers can expand their markets to other countries, while the country’s capital gets new avenues for investments. All these factors allows for the country’s economy to become more vibrant and the country wealthier. The possibilities for growth are endless when a country’s borders are opened...
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...Accounting Cycle Description Paper Team A ACC/340 Accounting Cycle Description Paper The payroll processing cycle is very time consuming and tedious when done manually. Therefore, the ‘Mom and Pop’s Grocery Store’ has elected to integrate its payroll with a computer software program. With this implementation the payroll process will be more efficient and effective. This paper will explain how the payroll processing cycle for ‘Mom and Pop’s Grocery Store’ integrates onto an enterprise-wide accounting information system. An enterprise-wide accounting information system “focuses on the business process of the organization as a whole” (Bagranoff, Simkin, & Stand, 2008, p. 7). Business process reengineering (BPR) is a total re-design of processes used by an organization that are no longer effective or efficient (Braganoff et al, 2008, p. 163). The ‘Mom and Pop’s Grocery Store’ will use BPR to update the old payroll process to the new enterprise-wide AIS system. The Accounting Information System (ASI) is a system that is put in place for a company to maintain its accounting system. The input devices commonly associated with AIS systems include: “standard personal computers or workstations running applications; scanning devices for standardized data entry; electronic communication devices for electronic data interchange (EDI) and e-commerce” (Business Glossary, p. 1, 2005, 2000, 1995, 1987). In addition, many financial systems come with Internet settings...
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...1. Introduction and Background of Budget The Capital Budget of the public sector or sometimes also known as Public Budget concerns how the government plans its revenues and expenditures at the Federal level, State level, and Local government level, to carter for the needs of its development programs and projects. In a democratic society, the division of resources between the public and private sectors is roughly determined by the desires of the electorate. But because it’s such a complex and time-consuming task to acquire adequate political information, the electorate is chronically ignorant. Since the Revolutionary War, democratic system of governance has forever been looking for better ways to inform the public and to design more sophisticated techniques for deciding how best to allocate scarce public resources. Despite the good sense it makes to “budget to a plan”, public expenditures are frequently approved based on who supports what, rather than on a clear understanding of what exactly the expenditures will accomplish. Public Budgeting is not about numbers; it is about making Democratic governance work. During the debates leading to the creation of the American Constitution, taxation and public expenditures were one of the driving forces leading to the creation of our peculiar and complex system of separation of powers and checks and balances. Our various state and local democratic constitutions give the executive branch the power to propose a budget and collect...
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