ECO372 Fundamentals of Macroecomincs
Fundamentals of Macroeconomics Paper |
Describe the following terms in your word. · Gross domestic product (GDP) · Real GDP · Nominal GDP · Unemployment rate · Inflation rate · Interest rate Part 2 Consider the following examples of economic activities: · Purchasing of groceries · Massive layoff of employees · Decrease in taxes Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Write a 700- to 1,500-word paper summarizing the results. |