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I need to discuss the concept of the macro economy. Specifically:1. How do we define total value of economic output and how do we measure it?2. Determine the major performance goals that we set for the economy, and how do we measure the performance?3. Finally, discuss (in depth) the concept of macro economic equilibrium in terms of injections and withdrawals from the circular flow of wealth and in terms of aggregate demand and aggregate supply.
If you could explain these things with a bit of detail, but in reasonably basic terms to the point where I might be able to get a fundamental understanding, I'm hoping that the textbook(s) will make more sense to me. I would certainly appreciate it.
I just need someone to take the time to explain this to me without telling me to "Read the book." I've already read the book.
Illustrate what are the pros and cons of a company that competes in a global environment. How do you think this has affected the U. S. economy and the global economy.
To what extent were monetary factors responsible for the recession of 1981 and 1982? Provide a full analysis and be specific. Please site references where appropriate.
Is there a parallel among diminishing marginal utility in consumption and diminishing returns in productio.
illustrate what it implies for the relationship between labour supply and productivity growth.
Elucidate one or more of the criteria which you believe should be improved at your place of employment.
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
Supply demand analysis to elucidate how the prices of untaxed consumption items can be affected by the retail sales tax even though they are not subject to taxation.
Assume the utility function is not the square root of income but instead, utility is linear in income.
Elucidate what are some measures of total ouput on the horizontal axis of the AS/AD model. Which measure do you think represents the most accurate picture of the output of an economy.
Elucidate the academic curriculum and dicuss the challeges confronted by scholars of the following areas of specialisation.
Why can not one nation have a comparative advantage over another country in the production of everything if the first country has excellent natural resources
Elucidate how these economic concepts can be used to address IBM's problems and opportunities. Identify which economic and political policies affect your IBM and explain how they impact business decisions.
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