Economics 121

/in /by

Part A. Unemployment, Okun’s Law, and the GDP Gap (three points) 1. (two points) The US unemployment rate (actual unemployment, u) is 3.6 percent, while the natural rate of unemployment (nru) is 4.6 percent. a. (i) Is the economy in an expansion, a contraction, or neither? (ii) Where is potential (full-employment) output (Qf) compared to the “trend line”—on it, above it, or below it? (iii) Where is actual output (Q) compared to the trend line—on it, above it, or below it? (iv) Therefore: is Q equal to, greater than, or less than Qf? Explain your answer. [Reminder: output = real GDP] b. (i) How much of the (actual) unemployment is frictional and structural together? (ii) How much is cyclical? Explain your answer. c. (i) Define the percentage GDP gap in general. (ii) State mathematically the “Okun formula” (Okun’s Law) for estimating the percentage GDP gap. (iii) State Okun’s Law in words. d. (i) Using Okun’s Law, compute the US current percentage GDP gap. Show your computation. (ii) State your answer in words, comparing actual to potential output. (iii) Is the US GDP gap positive or negative—and why? 2. (one point) In 2008, the unemployment rate (u) was nine percent, and the natural rate of unemployment (nru) was six percent. (i) Again using Okun’s Law, what was the percentage GDP gap then? Show your computation. (ii) State your answer in words, comparing actual to potential output. (iii) What is the sign of the GDP gap then? (iv) Why is the sign of the GDP gap in 2008 the opposite of the sign of the current GDP gap? Explain. Part B. Inflation and Real GDP (two points) 3. In a hypothetical economy, the GDP deflator has the following values. Year GDP Deflator 2005 100 2018 116 2019 120 a. What is the annual inflation rate in 2019? Show your computation. [Hint: Round your answer to two decimal places.] b. Nominal GDP in 2019 is $420 billion. What is real GDP (billions of 2005 dollars) in 2019? Show your computation. [Hint 1: Think level, not percentage change.] [Hint 2: This question refers to an earlier part of the course.]

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

BS4D03 – Management Project

/in /by

Welcome to BS4D03 Management Project.
The module explores the concept, theories and practice of project management and consultancy skills. This module builds on the research methodology skills and requirements of critical debate established throughout the program and shows how these key skills are vital within a business context to ensure rigorous decision making. It examines combining the traditional research skills with project management and consultancy skills to enable an evidenced based approach to problem solving within an organisation. This module will improve student employability, enhance students’ ability to manage complex projects across a range of dynamic business environments in the contexts of entrepreneurship and leadership and management of change.
Upon completion of the module, you should be able to demonstrate: 
1) a critical appreciation of the principles of applied management research
2) a critical application of a range of business related tools, frameworks and concepts in the solution of a business issue.
Please note that this module has one 12000 word (+/- 10%) assessment worth 100% of module marks. However this is divided into two parts, which involves the submission of the Management Project Report, which counts for the 70% of your overall grade, and the submission of the Reflective Portfolio, which counts for the remainder 30% of your overall grade. 
Submission of both parts is required and will result in one combined assessment grade.
Important Note: For the Reflective Portfolio which counts the for the 30% of your overall grade it is important to start thinking your learning process from the beginning and make notes of your experiences and feelings from the start. Every weekly activity has its special purpose especially for the task of Reflection.
As always, we are here to help and support you. Please contact us within the VLE as a first step to getting in touch and allow 48 hours for us to answer you before moving on to Student Support.

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

STRATEGIC MANAGEMENT RESEARCH REPORT

/in /by

A report written on an Australian corporation. It is a strategic plan that researches the organization. Other sections include processes/forces that influence decision-making on business strategy, preparing a strategic plan, and identifying key risks. Needs to be 1800 words.

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Economics

/in /by

The cost of going to college is often greater for older students than for younger students, just as the cost of committing crimes is lower for young people than for older people. Why?

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"