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State of National Economy
Using current information, complete a paper on the state of the national economy.
The paper should include information on economic events, trends, conditions, and forecasts that indicate the current or forecasted health of the economy. Write responses as if sending to the CEO and senior staff.
Research current information and complete a paper on the state of the national economy. Paper that addresses the following questions:
What sources of information were researched and utilized?
What economic measures are commonly used in discussions of the health of the economy?
What macroeconomic tools are policymakers currently using?
What have been the results - what is the state of the economy?
What is business cycle? Describe the four phases of the business cycle. Where on the business cycle do you think the U.S. economy is today?
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
Discuss the comparative advantage(s) of your selected regional trading blocs. Identify the major risks associated with doing business in the selected trading blocs.
What is the inflation rate in Home? In Foreign? What is the rate of change in the nominal exchange rate? Which currency is expected to appreciate? At what rate? Explain.
Are natural disasters occurs of inflation or deflation. Where might the public see the evidence.
Consider that demand elasticity is defined as the percentage change in quantity divided
Define the Economics terms, national accounting identity, Hodrick Prescott filter and what it does, Cobb Douglas production function
Utilize the equation to give as much information as possible about the demand for potatoes.
Elucidate the price elasticity of supply for your chosen industry.
Illustrate what is the difference among real GDP and nominal GDP. Does GDP accurately reflect our nation's productivity.
Explain how much should the store charge for an yearly membership in order to extract the entire consumer surplus via an optimal two-part pricing strategy.
In each of the cases listed below determine what this consumer needs to do (in terms of purchasing X and Y) to maximizes their utility.
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