Week 1 – DQ
Identify economic factors that affect the real GDP, the unemployment rate, the inflation rate, and a key interest rate. How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes?
Response #1
There are many factors that affect the real GDP such as interest rates, consumer's confidence in spending and/or asset prices. When it comes to interest rates, the lower the rate the less expensive it is to borrow, which encourages spending. For example, those individuals who have a mortgage to pay will have a lower payment; however, when there is a low to no interest rate, it leaves lenders
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As people spend more money, the demand for money also grows. When money is in high demand, the Government lowers interest rates, thus creating access to more funds by more people and more goods will be sold. Consumption is a good indicator of consumer confidence, which means people feel secure about the future and don't mind spending their money on more frivolous things. When consumer confidence is low, people hold onto their money and don't spend as much. I feel that if Americans are confident about their jobs and their future that their consumption will continue to increase and the economy will gradually start to rebound. If , however, they are not confident then consumption will go own and the economy will grow stagnant or get worse. Where I live, the current economic crisis doesn't seem to have penetrated the area as much as other parts of the country. Our unemployment rate for Kansas is 6.3%, fairly low compared to the rest of the country. The highest is Nevada with 12%. Here we have new businesses and houses going up everywhere. My employer, General Electric, has just finished building a 100+ wind turbine park that I am currently in charge of. I don't think that the local area will be affected by the changes in consumption or consumer confidence as much as other areas would be. This town in particular seems to be fairly self contained, lots of local mom and pop shops, not as many large national businesses that if they packed up and left town would harm the
I achieve this within my role by ensuring residents and their families are informed, kept up to date and by providing clear choices. I will act as an advocate on behalf of the young people in my care, to ensure they are represented and heard.
active listening is about giving your full attention and watching not just what is being said but how its being said. This can be observed by watching their body language, gestures and other signals.
1.1 Explain the importance of a holistic approach to assessment and planning of care or support.
2. Working according to the agreed ways means following the organisation’s policy and procedures in relation to pressure areas. It also means following the individual care plans and respecting the instructions in place. For example making sure a resident is turned every two hours, applying Cavilon cream on areas; fill in turning charts, prompt fluid intake. Under the duty of care a care assistant must always be aware of and raise concerns regarding possible pressure areas. Always record information in care plans accurately and in confidentiality.
Looking at the outcomes, which are the result of the support plan, these include inputs, outputs and outcomes. In simplified terms, these items look like:
In my role as senior I am responsible for ensuring that all individuals, their families, friends, carers and members of staff and those I work with (ty mawr) in partnership, are treated equally. Everyone should be treated with dignity and respect. There are many legislations, Codes of practice which ty mawr follow. The workplace policies which regulate equality diversity and inclusion with each area of responsibility. Below is a list of acts.
-3 x 1.66 pts. = minus 5 pts. = 45 pts. out of 50 pts. = 90%
b. The emperor Kangxi led the conquest of the island of Taiwan , home to Chinese and Japanese pirates, in 1681. Struggles with a new rival to the north and northwest, manchurians , led to constant conflict and extensive territorial gains for China.
The law will not tolerate any breeches in the policies set out. Any breeches will be regarded as misconduct except for serious offences as discrimination, bullying or victimisation will be treated as misconduct and may lead to disciplinary action including dismissal from employment without notice.
1. You recently retired from government contracting work and established a consulting company (fully consistent with government ethics laws and rules, of course) with the primary focus of advising potential government contractors and subcontractors. Mr. Johnny Jones, of The Johnny Jones Flooring and Construction Company has approached you with a question. Jones and his company are potential subcontractors (they, obviously, specialize in flooring) on a federal construction contract worth a little over two million dollars ($ 2,000,000.00) recently awarded to the Jimmy Smith Construction Company (Jimmy Smith, the prime contractor). Neither Johnny nor his company have ever been part of a government contract
When someone is laid off their income stops and they no longer have the means to spend as they have been in the past. They can no longer afford to eat out at restaurants, buy nice things, or indulge as they had been with a regular paycheck. And if the person is unable to find more work, then even necessity items become out of reach. They may go on unemployement and government assistance such as food stamps and Medicaid or Medicare. When people are hurting financially this affects our businesses negatively because the sales will go down with a lack of people spending money in stores; especially on luxury items. Then we have the ripple effect causing a need for more layoffs for more businesses since sales are down from people no longer being able to afford products. When the ripple effect goes into play and more and more businesses are forced to make massive layoffs our country faces depression and recession. Our country relies on consumers to have a constant spending cycle and when the cash flow comes to a halt our system comes to a halt affecting workers’ wages and shareholders returns.
This problem is in reference to students who may or may not take advantage of the
In the current American economy, we must concentrate on the future. The current trends that are taking place in our economy are essential for determining the future of the U.S. economy. Some of the trends in the U.S. economy consist of business cost rising due to uncertainly. What this means is that as a result
In the current economic trends and projections, we currently use macro predictions that uses the Gross Domestic Product (GDP) to determine if the economy is growing or dropping. Each quarter the Congressional Budget Office puts out figures that economist use to determine future bench marks. The bench marks that economist use other than GDP are: economic variables of employment, inflation, interest rates, consumer spending and trade balance. If these variables are favorable, then the economy will be good. On the other hand, negative variables mean the economy is suffering. Again, these are just projections that can be higher or lower than the predicted outcome. These predictions will also differ than most this quarter due to the
4. Although it has recovered from the economic crisis in the monetary sense, U.S. is still under the state of employment recovery, which is a potential issue. (Perry M, 2013)