GDP and Economic Indicators "Gross Domestic Product and other economic indicators" GDP and other economic indicators Q.1) Define: Gross Domestic product: Gross domestic product is the value of all the good and services of a particular country which is produced over a year's time. For the value to be accurate it is made sure that all the goods and services included are the ones produced inside the boundaries of the country. The goods and services

Domestic and External Factors on African Macroeconomic Formulation Domestic and External Factors on African Macroeconomic Formulation Growth, productivity and employment are the most common economic variables to reduce extreme poverty and break poverty trap. Report from World Bank in 2007 revealed that one percent in GDP growth results to 1.3% poverty decline in low-income countries. Moreover, development in the productive capacity leads to reduction in sustainable poverty. With improvement in the economic growth,

Monetary Policy Discuss some of the major determinants of the demand for money by sector and in total. Discuss some differences in the demand for money which might exist for countries other than the U.S. An effective formulation of the Monetary Policy depends on the determining factors of the demand for money. Money Demand acts as a channel on transmission mechanism for monetary policy. Therefore the consistency of the money demand function

While this represents a significant portion of the government's operating income, higher inflation would generate even more seigniorage by requiring larger volumes (or simply higher denominations) of currency in circulation. If prevailing annualized inflation rises above 4.6% but remains below 9.0%, real seigniorage could climb to $130 billion, or about 6% of all federal receipts in a year like 2009 (U.S. Financial Management Budget). In itself, cash carries an interest rate

Monetary Policy In the attached resource files, there is a chart that outlines three perspectives on how the economy should be run: the mainstream macroeconomics perspective, the monetarism perspective and the rational expectation perspective. Which one of these approaches do you most agree with? What in Macroeconomics supports your point-of-view? The view that makes the most sense is the rational expectation perspective. The reason why, is because this will take into account

Macroeconomics The two-year time period that will be covered in from the middle of 2002 to the middle of 2004. Starting with Q3 in 2002, the GDP figures during this time period were as follows: Nominal Real GDP Trailing GDP (2009 chained) change This data shows that the economy was facing conditions of accelerating growth during this time period. The economy was improving relatively slowly during the latter stages of 2002 and into Q1 2003, but after that