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ECO 372 Week 2 Individual Study Guide Fundamentals of Macroeconomics Paper PaperScholar Study Aids
Guide Last Updated: March 15, 2015
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ECO 372 Week 2 Individual Study Guide Fundamentals of Macroeconomics Paper

ECO 372 Week 2 Individual Study Guide Fundamentals of Macroeconomics Paper

Part 1

 

Describe the following terms in your word.

 

  • Gross domestic product (GDP)
  • Real GDP
  • Nominal GDP
  • Unemployment rate
  • Inflation rate
  • Interest rate

 

Part 2

 

Consider the following examples of economic activities:

 

  • Purchasing of groceries
  • Massive layoff of employees
  • Decrease in taxes

 

Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.

 

Write a 700- to 1,500-word paper summarizing the results.

 

721 WORDS WITH 3 REFERENCES GRADED 10/10 A++++ WORK!!