This website uses cookies to ensure you have the best experience. Learn more

Us . Economics Essay

556 words - 2 pages

US EconomicsPresented to professor D. Mark OliverIn partial fulfillment of the requirements of Economic ProblemsByKevin CarricoAug. 7, 2005Our economy is growing at a solid 3.4 percent annual rate in the second quarter, setting the stage for steady second-half expansion as inventories fell and Midwest manufacturing picked up, government and industry reports on show. The quarterly report on gross domestic product, or GDP, showed core inflation well contained but analysts said there was enough price pressure after nine quarters of growth exceeding 3 percent to keep U.S. interest rates on the rise.Gross domestic product, the broadest measure of the nation's economy, grew at an annual rate of 3.4 percent in the second quarter, the Commerce Department reported, down from a 3.8 percent growth rate in the first quarter. Current-dollar GDP the market value of the nation's output of goods and services--increased 5.9 percent, or $177.4 billion, in the second quarter to a level of $12,376.2 billion. In the first quarter, current-dollar GDP increased 7.0 percent, or $203.6 billion.The major contributors to the increase in real GDP in the second quarter were personal Consumption expenditures, exports, equipment and software, residential fixed investment, and government spending. The contribution of these components was partly offset by a negative contribution from private inventory investment.The unemployment rate went from the first quarter of 7,794 to the second quarter of 7,599. The augmented unemployment rate also takes into account jobless people who aren't counted among the officially unemployed because they haven't searched for work lately, but who would take a job if offered one. Call them job-wanters. It adds the job-wanters to the officially unemployed, and divides the sum by the sum of the labor force and the job-wanters.Consumer spending is the one key to any market economy. On the...

Find Another Essay On US . Economics

Paul A. Samuelson was the Last Generalist of Economics

1310 words - 5 pages high. In addition, in 1958 he said that cost-push inflation might be a predicament that “plagues us even when we haven’t arrived at a satisfactory level of employment.” (Biographical) Samuelson made other contributions to various areas of economics, such as macroeconomics, microeconomics, trade theory, and the Cambridge Controversy. Macroeconomics is the general economic outlook, to which Samuelson adopted and executed a new, more modern

Economics of social life Essay

663 words - 3 pages production takes time, meaning that equilibrium in economics is a theoretical concern; it may be theoretically constructed, never attained. Section 5 collects some statements about the equilibrium in economics, stressing its direct implication to econometrics. Section 6 presents the estimate of the US GDP as a reduced equation of the US aggregate supply and demand model and some commentaries on the results obtained. Finally, Section 7 offers some few conclusions.

Business Major

871 words - 4 pages various groups in the volunteering jobs and during my internship, I have great abilities like socializing fast with colleagues and working well with members of my team. My qualities and accomplishments make me extremely proud of myself and also define my personality. Business economics, the major that will lead me to a job that relates to business management and leadership, requires an individual who is hard working, highly sociable, determined

Freaky Economics

1391 words - 6 pages should not accept society’s common wisdom, or take things at face value. The authors continued to say there was no unifying theme to the book, but stressed there is a common thread, it has to do with thinking sensibly about how people behave in the real world. Remember to look, discern, and measure (209). We should peel back the layers look at social trends and apply our understanding of incentives and what motivates people. Levitt wants us understand that economics is not just dollars and cents, but a way to understand incentives that molds behaviors. Just the picture on the cover reminds us apple or orange, there is a hidden side to everything.

Home Economics in Canadian Schools, 1919-1944

2740 words - 11 pages something that would not need to be taught. However one of the best ways to argue for home economics seems to be citing the various different areas that are explored under it. Such an argument is made by an anonymous university in instructor in home economics in an article published May 29th, 1937 in The Globe and Mail: Home economics is more than cooking, sewing and cleaning. Courses in food and nutrition take us into fields of biology, physiology

Students Should Be Taught Home Economics

1576 words - 6 pages demand it be added back onto the curriculum. Parents and guardians won’t always be there to help you, and do things for you. As a teenager, we must have the knowledge to help us after we move out, or have to provide and take care of ourselves. There is a reason Home Economics was a mandatory class. The class teaches a lot of things that help teenagers and young adults make better decisions, and gives them a glimpse of the real world. Although this

Economics Research Paper

1559 words - 6 pages Social studies is a huge part of the elementary curriculum. Without social studies, elementary students would have a huge gap in their knowledge content. Economics is responsible for providing a large amount of information to students. For third graders, the North Carolina Department of Public Instruction places economics under goal five. Goal five divides communities and the basic economic principles into seven objectives. The first


1719 words - 7 pages are interesting parallels between many of these studies and economics. One of the ideas behind these theories is that at times a collection of objects- animals, computer programs, people, or almost anything else-will seem to become very well organized without any systematic communication or planning.The economy surrounds us and it plays a large part in our lives. It has more impact than the weather on how we live and how well we live. Economics

The Economics of Information

1379 words - 6 pages . (2007). Size, structure and growth of the US information economy. Retrieved March 11, 2011, from: Birchler, U., & Butler, M. (2007). Information economics. New York: Routledge. Branscomb, A. W. (1994). The economics of information: Public and private domains of information defining the legal boundaries. Retrieved March 11, 2011, from:

A Naive Opinion on the Nation's Economic Health (Based off of Reading Naked Economics)

584 words - 2 pages generally bad (and that scary word, economy, is on there every once in awhile); (2) I don't know what the main economic issues are; and (3) I better get started on that summer reading if I want to understand this class. My assumption that the US economy is in such bad shape, is solely based on the fact that I hear more complaints than praises of the system. It seems that people assume the economy should be working perfectly at all times--so when it

Impact of Fiscal Policy on the Pharmaceuticals Industry

737 words - 3 pages all of this? What is economics? It is the branch of social science that deals with the production and distribution and consumption of goods and services and their management. Economics is much more than that because it is a way of life and it is our guide to lead our lives. It is supposed to make things easier and the basic idea is to make us foresee things and to make the right decisions at the right time in the right place. It intends on making

Similar Essays

This Is An Article Analysis For An Economics Class. Examines The Us Economy And Inflation

627 words - 3 pages If someone earns a sum of money, and saves it rather than spends it, then, in no way can a person be losing wealth if not for inflation, which prompts the prices of all goods and services to rise. One may see this as a trend among businesses to maximize their profits. In reality, the root cause of the problem is not with businesspeople, but the Federal Reserve System continuously adding more money into the economy. The article I have chosen to

A Very Promising Discipline: Economics At Msu

1255 words - 6 pages good salary or who has high education. Same as economics, you can easily to find who is Economics students through their language use and their different think way. My professor told me math teach us how to use tool to solve problem, and economics tell us how to handle this tool. For example, Economics makes people always think two sides of things, so many of economics students always describe something very unclear. Econ at MSU Economics

Esl Home Work Essay

710 words - 3 pages of human interaction, studying it often reveals why people and governments behave in particular ways.” The best thing about economics affects us in every choice that we make. This makes it even more relevant to us in our day-to-day lives. Every since I was child I have thought in terms that are quantifiable, so economics caught my eye as soon as I could understand its basics. Today, when any of my comrades talks about economics they tend to

History Of Economic Thought Final Essays

1367 words - 6 pages is that economics is a complex science and there are various ways to interpret human behavior. Economics is a unique science that has various different ways of applying there outcomes to the society and the world around us. Methodology plays a key role in the divergent nature of economics. Keynesians, monetarist, and neo-classicalists all use math in their studies. Most Economic master degrees require classes in higher level math. The use of