that ‘In Cambodia, one of the poorest countries in the world tourism is the main economic division was expected to generate 7.3% of gross domestic product (GDP) in 2004 and close to 400,000 jobs.’(United Nations, 2007).The most of people think that the economic impact of tourism is absolutely positive whereas the social and environmental impact is only negative. Indeed, increasing incomes to regions due to tourists are easy to see as well as numerous host-tourist conflicts and destruction of the environment
Words: 2257 - Pages: 10
demand to tackle recession/depression • Supply-constrained economy: – Manage demand to control demand-pull inflation 2 Policy focus: Demand-constrained Economy Aggregate demand K Potential output 3 Policy focus: Supply-constrained Economy Aggregate demand K Potential output Also: Long term – increase K to expand potential output 4 Recession/Depression • Recession: – Rule of thumb: two consecutive quarters of falling GDP • Depression: – “Severe” recession
Words: 2555 - Pages: 11
understand macroeconomics. Gross Domestic Product (GDP), Real GDP, Nominal GDP, Unemployment Rate, Inflation Rate, and Interest Rate are covered. Gross Domestic Product (GDP) The juggernaut known as Gross Domestic Product (GDP) refers to the financial appraisal relative to the total spectrum of completed goods and work performed inside a country, during a specified period of time (Investopedia, 2014). An annual computation is most common. The calculated GDP is a monetary picture of the total private
Words: 971 - Pages: 4
seeks to accomplish are: * Curbing inflation to single digit level, * Limiting depletion of foreign exchange reserves and establishing external sector equilibrium, and * Supporting GDP growth of 6.5 - 7.0% in the current fiscal year (FY) The instrument to achieve these objectives is the containment of broad money growth; primarily by reducing the growth of credit components of monetary aggregates. This article seeks to explore the efficacy of the instrument in realising the avowed objectives.
Words: 1030 - Pages: 5
Causes of Inflation | | The basic causes of inflation were covered at AS level. This note considers the demand and supply-side courses in more detail including the impact of changes in the exchange rate and the prices of goods and services in the international economy.Cost Push InflationCost-push inflation occurs when businesses respond to rising production costs, by raising prices in order to maintain their profit margins. There are many reasons why costs might rise:Rising imported raw materials
Words: 670 - Pages: 3
------------------------------------------------- The Monetary Policy of Bangladesh Introduction The policy adopted by the central bank for control of the supply of money as an instrument for achieving the objectives of general economic policy. With the shifts of the policy stance of the government in various phases, necessary adjustments were made in the country's monetary policy. The principal function of the Department is to help the bank in the formulation of monetary
Words: 3068 - Pages: 13
ECO/372 October 29, 2012 Joe Timmerman Fundamentals of Macroeconomics There are many fundamentals of Macroeconomics that are extremely important to the U.S. economy. In this paper I will explain the Gross domestic product (GDP), the Real GDP, the Nominal GDP, the Unemployment rate, Inflation rate, as well as the interest rate. Going forward I also will explain the following economic activities; purchasing of groceries, massive layoff of employees, decrease in taxes and how these activities
Words: 902 - Pages: 4
overturned the government, they won't get their money that was borrowed by it back. So they usually won't do that. Secondly, the government bond which was widely hold plays a positive and important role in boosting and stabilizing the economy in the country from many perspectives. For instance, the Federal Reserve System, through the New York Federal Reserve Bank, uses the Treasury market to implement monetary policy. In order to increase the money supply, it buys Treasury securities, injecting funds
Words: 2011 - Pages: 9
Concept Monetary policy is one of economic policy that is proposed and implemented by the central bank with aims to stabilize prices, promote economic growth and create jobs in the society. Essence of monetary policy is specified measures to impact on the money supply in the economy. 2. The purpose of monetary policy Purpose of monetary policy is price stability, promote economic growth and create jobs in the society. These targets are close relationships; support each other, not separated. However
Words: 3879 - Pages: 16
running a surplus?...............................................................................7 Are their top three trading partners running a current account surplus or deficit?....................8 What is Germany’s population, GDP, unemployment, money supply growth and inflation rates?......8 Do you think interest rates in Germany are going to increase or decrease? Why?....................9 Do the trends have a positive or negative outlook?...............................................
Words: 2689 - Pages: 11
