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Purpose of Assignment:
The purpose of this is assignment is for students to review the basic principles of economics and the concepts of the circular flow model, showing the connectivity of society's economic players and the flow of goods and money within an economy. Students will learn how society allocates its scarce resources and how economists are both scientists and policymakers. Students will define GDP and CPI and how they are calculated.
Resources: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7.
Scenario: Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thoughts and principles.
Develop a 1,050-word report to the members of the strategic planning committee explaining the following information:
Format the assignment consistent with APA guidelines.
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Whether you work in the IT field or you use a company's technology solution as a consumer of its goods or services, it is likely that you have experienced the result of an enterprise application integration (EAI) project.
Compute the changes in inflation rates, unemployment rates and the RGDP growth rates.
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