the level of productive resources so there is a minimum level of income. C. how people, institutions, and society make choices under conditions of scarcity. D. the efficient use of scarce resources paid for at the minimum level of cost to consumers and businesses. 2. The primary focus of the study of economics is with: A. expanding the production of goods and services. B. equalizing the distribution of consumer income and wealth. C. making the most efficient use of scarce productive
Words: 16509 - Pages: 67
MACROECONOMICS PRIYANKA DEY FT171068 What is actually Macroeconomics? The branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity. So the word can be interpreted as the driving forces, factors and decisions
Words: 503 - Pages: 3
legal rights for borrowers and lenders (through collateral and bankruptcy laws), deeper credit information systems, and a more stable macroeconomic environment have deeper housing finance systems. These same factors also help explain the variation in housing finance across emerging market economies. Across developed countries, which tend to have low macroeconomic volatility and relatively extensive credit information systems, variation in the strength of legal rights helps explain the extent of housing
Words: 7874 - Pages: 32
Current Macroeconomic Conditions Evaluating current macroeconomic indicators are essential for managers to monitor on an ongoing economic environmental scan of their organizations. There are many indicators and depending on the industry some are better than others. The primary measure of the economy’s performance is its annual total output of goods and services known as its aggregate output (McConnell, 2009). Gross domestic product (GDP) defines aggregate output as the monetary values of all
Words: 360 - Pages: 2
Fundamentals of Macroeconomics The following terms will be define, gross domestic product (GDP), real GDP, unemployment rate, inflation rate, and interest rate. The circular flow diagram will be introduced to describe the representation and interactions with households, government, and businesses. The current economic conditions of the world affects individuals. The most valuable economic indicators will be recognized as affecting the organization along with reasoning of
Words: 881 - Pages: 4
National budget analysis FY 2013-14 ------------------------------------------------- Acknowledgement At first we would like to express our gratitude to almighty God for enabling us with the strength and opportunity to complete the term paper within the schedule time successfully. We know that practical knowledge in subject matter is essential to sub assistant the theoretical knowledge gathered in the educational institution. In order to resolve the dichotomy between these two areas, we were
Words: 3820 - Pages: 16
Current Macroeconomic Situation in US and Prospects for Automotive Sector The U.S. automobile industry is large and dynamic sector contributing significantly to the nation’s output and employment. Auto industry provides the basis for a mass of related service and support industries. The industry is highly volatile and sensitive to global and domestic economic changes. During the 1960’s & 1970’s the big three accounted for 90% of automobiles purchased in U.S. However, since 1980’s foreign
Words: 1574 - Pages: 7
overstating the level of our material well-being. In order to establish the national economy it is essential to solve the problem of accounting of any kind of economic activity in the macroeconomic indicators. Environmental pollution raises significant methodological issues, one of which is the reflection of activities that are related to environmental management. In general, the usual economic growth indicators of national income and net product do not take into account the results of environmental activities
Words: 706 - Pages: 3
Fundamentals of Macroeconomics The following terms represent some of the fundamental indicators used by economists to express economic conditions and fluctuations in economic conditions. Gross Domestic Product (GDP) Gross domestic product is the value of all the finished goods and services produced within a country's borders in a specific time period. In the United States, as in most countries, GDP is calculated on an annual basis. GDP measures a nation's productivity. GDP does not necessarily
Words: 1261 - Pages: 6
wants. 3. Wants Are all of the things that people would if they had unlimited income. Microeconomics versus Macroeconomics 4. Microeconomics Microeconomics is the part of economic analysis that studies decision making undertaken by individuals (or Households) and by firms. It is like looking through a microscope to focus on the small parts of our economy. 5. Macroeconomics Macroeconomics is the part of the economic analysis that studies the behavior of the economy as a whole
Words: 870 - Pages: 4
