Eco 372 (Principles of Macroeconomics) Entire Class -

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ECO 372 (Principles of Macroeconomics) Entire Class -
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ECO 372 Week 1 Complete Work

ECO 372 Week 1 Summary

The first week in this course went by quickly! I think the reason for this is the subject matter which I find very interesting. The macroeconomics course is necessary for rounding out my education, but now that I am working on the nuts and bolts of my degree. Along the road of hard-knocks I learned quickly that to be successful as an economist, you have to build a strong base, which this class “Principle of Macroeconomics” teaches us.
ECO 372 Wk 1 DQ 1
Why is economics considered a social science? What role does economics play in your personal and professional lives?

ECO 372 Wk 1 DQ 2
What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can a country’s GDP be manipulated? In your opinion, is the U.S. GDP being manipulated? Explain your answer
ECO 372 Wk 1 DQ 3
What are the different types of unemployment? How do they affect the economy in terms of growth, labor force, and price of labor? Cite specific examples to support your response.

ECO 372 Wk 1 DQ 4
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?
ECO 372 Week 2 Complete Work

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