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Create a PowerPoint presentation of 12-15 slides (not including the title and reference slides) discussing Economic Growth and Market Dynamics. Include the following: What is GDP and how is it measured? Evaluate the validity of using GDP as a measure of economic output. Explain how the consumer price index and GDP work together to measure price index change from year to year. Assess the importance of the business cycle relating to the labor market and economic activity. Select one formula for a key labor market indicator and give an example. Use the formula to explain how the labor market indicator measures labor force participation. Be sure to include graphs, charts and other visuals in your presentation that will enhance your analysis. Include slide notes containing explanations and rationale. Be sure to cite three to five relevant scholarly sources in support of your content. Use only scholarly sources found in the GCU Library or those provided in Topic Materials. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. While APA Style format is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
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ECCONOMIC GROWTH AND
MARKET DYNAMICS
Presentations on economic growth and Gross Domestic Product
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Gross Domestic product (GDP)


It is the total value of everything produced by residents and companies in the country



They are residents and non-residents, foreign companies and local companies located within the
boundaries of the country



The total production in the country are calculated as GDP for that year of production.



Here we consider the value attached to the total products, both goods and services



GDP is the best way to calculate and measure the economy of the country



It is the key of understanding what the country is good in producing and how to grow economically



The bureau of economic analysis is responsible to measure GDP of a country every quarter of the year



GDP is normally measured yearly to give the annual estimates of total production of a country

Measuring GDP


GDP is the figure that can be calculated by combining different variables affecting the country’s economy



Different components need to be identified that aid in GDP calculation



They include: personal consumption expenditures, business investments, government spending, exports and
imports



Personal consumption expenditure (C) is the total money used by households in their daily spending on
consumption items. This value is obtained from total sales of finished goods



Business investment (I) is the value of total investments done in a year entrepreneurs in different sectors within
the country.



Government spending (G) is the total expenditure made by the government both investments or otherwise within
a certain period. This figure is obtained from ministry of finance and resource allocation



Exports (E) is the total amount of money obtained from all exports made by businessmen within a period of one
year



Imports (M) is the total value of all exports within a year in review, made by residents of a country

Methods of calculating GDP


There are three approaches that can be used; namely: the production approach...


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