ECO 550 Week 5 Assignments Economic For Managers
Ch. 11 Application Questions 2, 3, and 8
Ch. 11 Technical Questions 1, 2, 3 and 4
Ch. 12 Application Questions 3, 4, and 5
AQ#2. From the Bureau of Economic Analysis Web page (www.bea.gov), compare real GDP for 1970, 1980, 1990, 2000, and 2010. Show the percentage change in real GDP over each of those decades. Do the percentages of GDP spent on consumption ( C ), investment ( I ), government ( G ), exports ( X ), and imports ( M ) differ significantly among those years? Are there changes in the balance of trade over the period? Explain.
AQ#3. From the Bureau of Economic Analysis Web page (www.bea.gov), construct a table showing the annual percentage change in real GDP, gross private domestic investment (I), nonresidential fixed investment, and residential fixed investment from 2002 to 2011. Which component of investment had the greatest impact on the recession of 2007 to 2009?
AQ#8. Drawing on current business publications, find an article in which either fiscal or monetary policy makers were describing their goals of maintaining stable prices, full employment, and adequate economic growth over time. Which goal was the most important at the time your article was written?
TQ#1. Do government statisticians calculate GDP by simply adding up the total sales of all business firms in one year? Explain
TQ#2. Evaluate whether all of the following are considered to be investment (I) in calculating GDP.
a. The purchase of a new automobile for private, nonbusiness use.
b. The purchase of a new house.
c. The purchase of corporate bonds.
TQ#3. Explain weather transfer payments such as social security and unemployment compensation are counted as government spending in calculating GDP
TQ#4. Is it true that the value of us imports is added to exports when calculating US GDP because imports reflect spending by Americans? Explain.
AQ#3. Go to the Wed site of the CONFRENECE Borard (www.confrence-board.org) and find the latest release of the index. How has the index changed since its last release? What is the expected impact of this chang on the economy?
AQ#4. A number of articles in the Wall Street Journal reported that the strong dollar, combined with the recession of 2001, forced many U.S. manufacturers to develop better methods to produce and sell their products. Use the discussion of the macro model in Chapter 12 to explain why businesses would have implemented such changes in strategies.
AQ#5. What were the key provisions of the American Recovery and Reinvestment Act passed by congress in February 2009? How has the impact of the act been evaluated?
Course: ECO 550 Managerial Economics and Globalization
School: Strayer University
- : 03/06/2017
- : 60