economic activity
... Economic activity is the production and distribution of goods and services at all levels. Economic activity and expected future levels of it have an important influence on security prices because of the interrelationship between economic activity and corporate profits, inflation, interest rates, and ...
... Economic activity is the production and distribution of goods and services at all levels. Economic activity and expected future levels of it have an important influence on security prices because of the interrelationship between economic activity and corporate profits, inflation, interest rates, and ...
long-run aggregate supply
... (3)________________ in the long run and is determined completely independently of demand. Its position depends upon the quantity and productivity (quality) of factors of (4)________________. An expansion of AD will always lead to (5)________________ inflation and will not, in the long run, lead to g ...
... (3)________________ in the long run and is determined completely independently of demand. Its position depends upon the quantity and productivity (quality) of factors of (4)________________. An expansion of AD will always lead to (5)________________ inflation and will not, in the long run, lead to g ...
Macro Chapter 8 study guide questions
... unemployment of defense-related workers, who possessed skills no longer needed by the economy, is an example of a. cyclical unemployment. b. frictional unemployment. c. seasonal unemployment. d. structural unemployment. ____ 13. Which of the following would be officially classified as unemployed? a. ...
... unemployment of defense-related workers, who possessed skills no longer needed by the economy, is an example of a. cyclical unemployment. b. frictional unemployment. c. seasonal unemployment. d. structural unemployment. ____ 13. Which of the following would be officially classified as unemployed? a. ...
Fina 353-Lecture Slide Week 6
... Accumulated knowledge, skill, (come from education and training) and experience of the labor force. As individual workers acquire more human capital, their productivity and income increase Physical Capital Includes the machines, buildings, roads, airports, communication networks and other manufactur ...
... Accumulated knowledge, skill, (come from education and training) and experience of the labor force. As individual workers acquire more human capital, their productivity and income increase Physical Capital Includes the machines, buildings, roads, airports, communication networks and other manufactur ...
North Africa’s unfinished revolution Global Economy Watch June 2015
... people, which is comparable to the size of Brazil (see Figure 1). However, their average per capita income level is only around one third of that in Brazil, which highlights the potential on offer (but also the scale of the challenge ahead). It is also worth pointing out that 2015 could see some sho ...
... people, which is comparable to the size of Brazil (see Figure 1). However, their average per capita income level is only around one third of that in Brazil, which highlights the potential on offer (but also the scale of the challenge ahead). It is also worth pointing out that 2015 could see some sho ...
Chapter 16 Practice Quiz Tutorial Business Cycles and Unemployment
... he is discouraged after trying to find one, but wants to work if he could find a job, yet this person is not considered unemployed because he is not actively seeking employment. ...
... he is discouraged after trying to find one, but wants to work if he could find a job, yet this person is not considered unemployed because he is not actively seeking employment. ...
LCwasR37_en.pdf
... Industrial production expanded at an annual rate o f 4.1% in the fourth quarter o f 2004, following a 2.7% increase in the third quarter. On a year-over-year basis, total industrial production increased 4.4%, the strongest December to December gain since 1999, with manufacturing up ...
... Industrial production expanded at an annual rate o f 4.1% in the fourth quarter o f 2004, following a 2.7% increase in the third quarter. On a year-over-year basis, total industrial production increased 4.4%, the strongest December to December gain since 1999, with manufacturing up ...
EXAMINATION OF THE EFFECTS OF FLUCTUATIONS OF EXCHANGE RATES
... Masha Rahnama1 and Cindy Wan-Shin Mo2 ...
... Masha Rahnama1 and Cindy Wan-Shin Mo2 ...
Productivity Adjustment for Compensation
... forth. That contributed to the overall government services [which include components other than compensation] in Lao being almost as high as in Thailand [56.1 vs. 60.5 of Hong Kong, respectively] and more than half of Hong Kong level. The picture significantly changes after the adjustment. The table ...
... forth. That contributed to the overall government services [which include components other than compensation] in Lao being almost as high as in Thailand [56.1 vs. 60.5 of Hong Kong, respectively] and more than half of Hong Kong level. The picture significantly changes after the adjustment. The table ...
UK Economy - 3rd Ed:Macro for AS Level
... the quest for growth as the economy struggled to recover from two quick-fire recessions has become somewhat desperate. This chapter will set out key events, necessarily drawing on wider economic variables and serving as an introduction to the content of later sections. In addition, it is also import ...
... the quest for growth as the economy struggled to recover from two quick-fire recessions has become somewhat desperate. This chapter will set out key events, necessarily drawing on wider economic variables and serving as an introduction to the content of later sections. In addition, it is also import ...
Data Description (pdf)
... tradehare The average share of trade in the economy from 1960 to 1995, measured as the sum of exports plus imports, divided by GDP; that is, the average value of (X + M)/GDP from 1960 to 1995, where X = exports and M = imports (both X and M are positive). yearsshcool Average number of years of schoo ...
... tradehare The average share of trade in the economy from 1960 to 1995, measured as the sum of exports plus imports, divided by GDP; that is, the average value of (X + M)/GDP from 1960 to 1995, where X = exports and M = imports (both X and M are positive). yearsshcool Average number of years of schoo ...
Keynesian (Demand Side) Economic theory Supply Side Economic
... between the government and the economy. Named after John Maynard Keynes, a British By the 1980s, the policy of deficit spending economist whose most important and influential seemed to be out of control—deficits were work, The General Theory of Employment, Interest, mounting. and Money (1936) presen ...
... between the government and the economy. Named after John Maynard Keynes, a British By the 1980s, the policy of deficit spending economist whose most important and influential seemed to be out of control—deficits were work, The General Theory of Employment, Interest, mounting. and Money (1936) presen ...
The Spanish economy: The need for restoring growth potential
... Spain´s economic recovery has been the most vigorous in the euro area. As was the case in the preceding recession, the strength of the recovery was influenced by temporary external factors, such as cheaper energy commodities and the ECB’s monetary policy. This year’s projected growth of around 2.7% ...
... Spain´s economic recovery has been the most vigorous in the euro area. As was the case in the preceding recession, the strength of the recovery was influenced by temporary external factors, such as cheaper energy commodities and the ECB’s monetary policy. This year’s projected growth of around 2.7% ...
Table 4 Stylised Facts of the Political Economy of the Natural
... then increases in the modern urban sector. The government responds to additional urban unemployment by increasing taxation (whose burden falls disproportionately on the private sector) in order to invest capital in the creation of extra urban jobs. But, in addition to depressing the return on invest ...
... then increases in the modern urban sector. The government responds to additional urban unemployment by increasing taxation (whose burden falls disproportionately on the private sector) in order to invest capital in the creation of extra urban jobs. But, in addition to depressing the return on invest ...
Business Cycles
... an economy. The cycle involves shifts over time between periods of relatively rapid growth of output (recovery and prosperity), alternating with periods of relative stagnation or decline (contraction or recession). These fluctuations are often measured using the real gross domestic product.” (wikipe ...
... an economy. The cycle involves shifts over time between periods of relatively rapid growth of output (recovery and prosperity), alternating with periods of relative stagnation or decline (contraction or recession). These fluctuations are often measured using the real gross domestic product.” (wikipe ...
2015 Into 2016: The Saga Continues…
... This past year presented a challenge for China in sustaining growth in its economy, affecting its industrial production and its demand for commodities. This resultant impact saw an abrupt slide in demand has helped to push some major commodity producing nations, such as Brazil, into a recession. Chi ...
... This past year presented a challenge for China in sustaining growth in its economy, affecting its industrial production and its demand for commodities. This resultant impact saw an abrupt slide in demand has helped to push some major commodity producing nations, such as Brazil, into a recession. Chi ...
Cheng Kung Talk - Kleykamp in Taiwan
... 5. Service sector rising in Taiwan, manufacturing sector steady 6. Strong productivity growth over last 20 years, but little change in employment in manufacturing – capital & tech not replacing labor 7. Unemployment rose mid-1990’s with cost of about 0.5% GDP per year to workers – however there have ...
... 5. Service sector rising in Taiwan, manufacturing sector steady 6. Strong productivity growth over last 20 years, but little change in employment in manufacturing – capital & tech not replacing labor 7. Unemployment rose mid-1990’s with cost of about 0.5% GDP per year to workers – however there have ...
Tutorial
... d. All of the above. D. All of these will change at the same time that real GDP changes. ...
... d. All of the above. D. All of these will change at the same time that real GDP changes. ...
Transformation in economics
Transformation in economics refers to a long-term change in dominant economic activity in terms of prevailing relative engagement or employment of able individuals.Human economic systems undergo a number of deviations and departures from the ""normal"" state, trend or development. Among them are Disturbance (short-term disruption, temporary disorder), Perturbation (persistent or repeated divergence, predicament, decline or crisis), Deformation (damage, regime change, loss of self-sustainability, distortion), Transformation (long-term change, restructuring, conversion, new “normal”) and Renewal (rebirth, transmutation, corso-ricorso, renaissance, new beginning).Transformation is a unidirectional and irreversible change in dominant human economic activity (economic sector). Such change is driven by slower or faster continuous improvement in sector productivity growth rate. Productivity growth itself is fueled by advances in technology, inflow of useful innovations, accumulated practical knowledge and experience, levels of education, viability of institutions, quality of decision making and organized human effort. Individual sector transformations are the outcomes of human socio-economic evolution.Human economic activity has so far undergone at least four fundamental transformations:From nomadic hunting and gathering (H/G) to localized agricultureFrom localized agriculture (A) to internationalized industryFrom international industry (I) to global servicesFrom global services (S) to public sector (including government, welfare and unemployment, GWU)This evolution naturally proceeds from securing necessary food, through producing useful things, to providing helpful services, both private and public (See H/G→A→I→S→GWU sequence in Fig. 1). Accelerating productivity growth rates speed up the transformations, from millennia, through centuries, to decades of the recent era. It is this acceleration which makes transformation relevant economic category of today, more fundamental in its impact than any recession, crisis or depression. The evolution of four forms of capital (Indicated in Fig. 1) accompanies all economic transformations.Transformation is quite different from accompanying cyclical recessions and crises, despite the similarity of manifested phenomena (unemployment, technology shifts, socio-political discontent, bankruptcies, etc.). However, the tools and interventions used to combat crisis are clearly ineffective for coping with non-cyclical transformations. The problem is whether we face a mere crisis or a fundamental transformation (globalization→relocalization).