Fundamentals of Macroeconomics Paper
Human Resource Management /Management theory
May 8, 2020Health and Interpersonal Communication
May 8, 2020Fundamentals of Macroeconomics Paper
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.
