Question 1 a. The strongest economy is USA (GDP per capita, $PPP; 48,110), second strongest economy is UK (35,600), follow by Eurozone economy (35,280) and the weakest economy is China (8,400). For compare economies performances I used indicator of GDP per capita with $PPP (Purchasing power parity) because every economy have differences in population and in purchasing power parity. For example; China have higher population than USA and that mean more working people in economy (Reason for per capita). Also living cost and price of standard basket of goods and services is higher in USA than in China ( Reason for PPP). b. When I compared ranking of economies in table 1.(2011) and table 2. (2010) there is a difference in ranking. The …show more content…
Chine and other export countries are important surplus counterweights to the US deficits. The public sector of China have tendency more spending (build motorway, schools, bridge etc.), also saving to finance investment abroad. because they choose more taxes from their outputs in the current account surplus. The public sector of US is opposite to China. US have tendency more saving, because the choose less from their taxes and also they have higher tendency borrowing in a abroad or domestic financial markets. Households in China have tend to save probably more then they need, because they can not rely on social safety nets, such as healthcare and unemployment insurance etc. However, by expending the reach of social protection programmes on a durable basis, government would reduce their own saving and at the same time make for lower precautionary households saving. References: Santos C. with Higginson M., Himmelweit S., Howells P., Lowe J., Mackintosh M., Morgan W., Parris S., Simonetti R., Stone H. and Trigg A. (2013) Running the economy Heakal R., (2013) Balance of payment,
ECON 2301 Principles of Macroeconomics Time: Th 7:05 pm – 9:45 pm Synonym: 40512 Section: 023 Room: NRG2 2120
This article was published in the Journal of Economic Perspectives and it was written by two Assistant Professors of Economics: Nancy Qian and Nathan Nunn. The former taught at Yale
Throughout this essay I will share the reasons I have found for there being difficulties and also rewards of being a carer for a family member. ‘A carer is someone of any age who provides unpaid support to care for family or friends who could not manage without this help. This could be caring for a relative, partner or friend who is ill, frail, disabled or has mental health or substance misuse problems.’ (Carers Trust) I will attempt to use my course materials to draw on the experiences of Ann Walker who cares for her elderly step father Angus who has developed Parkinsons’ disease. Firstly I will look at some of the following difficulties that I have identified and due to the limitations of this study I will then briefly discuss the
China has seen massive economic growth in the past few decades. Since its reopening in the 1970s, the country has begun trading and buying foreign currencies with western nations like the United States. When the housing crisis which began to unravel in 2007 really hit the American economy hard, China was more than happy to step in and put up funding to help keep the American economy, one of its biggest customers, in a delicate balance. Unfortunately, the American economy has been incredibly slow to recover from the last major recession. As such, it has increased its dependence on Chinese funding to back American debt.
In the United States, we encounter quite a bit of obstacles that we can’t seem to get rid of completely. We as a nation deal with inflation, unemployment, stagflation, recessions, depressions, and so much more. Reading these three articles opened my eyes to the world of economics, and even made me question the society we live in. I’ve learned that sometimes questions can’t be answered, and I learned that once we solve one issue, there is always another issue on its way. These articles made me analyze, and think about the future of economics, and what I can do to try and help the economy. These authors of these three articles make it very clear that there are issues in the United States, and they do an amazing job
The United States is not only one of the largest economies in the world, but it is also one of the strongest economies compared to industrialized countries, and this has been proven in the last few years. Despite of what many people believe or see, U.S economy is booming and it will continue to boom during the year 2015. In the article “When the U.S Economy is the Envy of the World,” published by the MSNBC on December 8, 2014, its author Steve Benen argues about the U.S economic recovery in order to persuade U.S citizens and show them the numbers that prove that our economy has recovered. Benen (2014) also encourage U.S citizens not “to compare the current economic recovery to other recoveries that followed modern downturns,” but “to compare our economic recovery against other countries who dealt with similar circumstances” because according to President Obama, the U.S “has put more people back to work” than any advanced economy in the world (qtd. in Benen, 2014). There are strong evidences that prove that the U.S economy is in its best year compared to three years ago. The growth of jobs, the slight increase of wages, and the low price of oil have truly helped the U.S economy recover.
Baker III, J. A. (2009). Economic Policy: Recommendations for the Next Administration. Institute for Public Policy. Retrieved from http://bakerinstitute.org/publications/TEPP-pub ObamaTransitionDiamondCountryman-011209.pdf
The concerns with this strategy would be the education of the people around the sites and at schools, i.e. the interpretation of the message determined by different monies and pay values. The communication of the facts and figures in relation to the rest of the world and the meeting of targets. Also the desire of the peoples looking still to profit from the original issue.
READ: Naked Economics: Undressing the Dismal Science, Charles Wheeland, W.W. Norton, 2003. Completely- cover to cover.
Write a 350- to 700-word paper in which you research the current state of the economy. Include answers the following:
This milestone, which covers Sections I and II of Final Project Part II, is a paper structured as follows:
In his paper Economic Burden: Spark to the American Revolution?, Joseph Reid argues that America rebelled not mainly for ideological reasons, but rather for economic ones grounded in self-interest. To elucidate his argument, Reid uses several interesting strategies – he creates new definitions of everyday words such as loyalty and sentiment, he points to colonists fighting more for the felling of a new tax than for the gaining of a civil right, and he applies traditional ideas of supply-and-demand to systems of political governance. While these strategies develop Reid’s argument in thought-provoking ways, Reid largely fails to address the role of ideology and elite rhetoric in inducing the masses to fight. Indeed, for Reid, “the constitutional
Over the last decades social protection programs have been developed to mitigate damaging impacts from economic crises and
* McConnell, C., Brue, S., & Flynn, S. (2012). Macroeconomics: Principles, Problems and Policies, Nineteenth Edition. McGraw-Hill Companies, Inc.
The new products will modify the ingredients consisted in the snacks into more healthy snacks. Kee Wah will put less sugar and use other health oil to replace tallow. This low sugar and low fat modified products would contain 10 pieces per package. Hopefully these new product can help Kee Wah Bakery to establish an innovative and fashionable image to the young customers.