Fundamentals of Macroeconomics Essay

Some of the terms that are frequently used in economics are; gross domestic product (GDP), real GDP, nominal GDP, unemployment rate, inflation rate, and interest rates. Gross domestic product is the money value of the nation’s productivity. GDP is the value of all finished goods and services produced within the country’s border. Real GDP is the market value of the final goods and services produced in a year. Real GDP means that it was adjusted for inflation so it will show a more accurate figure. Without real GDP our market values would look a lot higher than they really were and this helps us when trying to see what our productivity was. Nominal GDP is also known as the current dollar amount. It is the gross domestic product that has not been adjusted for inflation. Nominal GDP can be misleading because it does not adjust the inflation amount. For example if the nominal GDP figure showed that it shot up 10% but inflation has been 5% the real GDP has really only increased 5%. The unemployment rate is a percent of people who are not currently working but are willing and able to work or currently seeking. There are three different types of unemployment. The unemployment rate is figured by dividing the number of unemployed people by the number of people who are working and then multiplied by 100. Inflation rate is when prices for goods and services are on the rise. Inflation results in higher prices for the same amount goods and services one could have bought the year before for a lower price. Inflation gives high prices and lower purchasing power from consumers. The dollar amount becomes less than what it previously was. An interest rate is a percentage of the principle, which is the total amount of a loan, given by a lender for the use of an asset. The asset could either be a house or vehicle. An interest rate is usually based on an annual basis so this is also known as an annual percentage rate or APR. Somebody who has a high credit score shows that they have a good track record with other loans and monthly payments and will be given a lower interest rate. Somebody who has a low credit score is considered more high risk and will be given a higher interest rate. The three sectors; government, households, and businesses all have a circular flow between the three. The purchasing of groceries affects each one of the three sectors in different ways. It goes along with the law of demand and supply and the price level or inflation. Households decide and control what and how much to buy for consumption. The income effect has part of what consumers buy also. If there is an unexpected change of price this will affect the purchasing power of the consumer. Since households have control on what they buy and how much this will affect each business that contributes to the grocery stores. The competition in the grocery stores will affect the price of each item will affect what the household buys. Distribution also plays an important role in the economy by getting goods where people want them. If goods are in high demand this may affect the price level which may affect what consumers will buy. The government in turn will make some of their money on sales tax from the groceries. This tax will be used for expenditures that will go back into the economy. A decrease in taxes could affect the three sectors in a positive way. If there is a decrease in taxes there is a chance that more tax revenue is generated. The reason is because if people are bringing in more money into their households they will likely spend more money which will help businesses. If businesses are busy and making more money they will be more likely to hire more people who in turn will also be taxed which will help the government. A massive layoff of employees would hurt the economy and the three sectors. If people are out of work they are bringing in less money for their household. Since they will not have as much money as they are used to they are less likely to spend money which will hurt businesses. If businesses are not making a profit they may be forced to lay more people off. Because there are so many people laid off they will likely collect unemployment insurance which will cost the government more money.

Impact of jet on vanes Essay

The impact of jet experiment is to demonstrate and verify the integral momentum equation.[1]. In lay man terms, it’s another way to understand fluid pressure by using the pressure to accelerate the fluid to a plate by a high velocity in a jet which in result will generate force due to impulse. The graph will show forces against momentum with different design plates. This experiment helps us to understand about fluid pressure also gives us a better understanding about fluid related machines. These Terms have the same force and effect as an Agreement signed in writing. If you do not agree to these Terms, you may not use the Service. Each time you access, upload, or download any content from the Service, you signify your agreement to the then-current terms. This Agreement is subject to change at any time; therefore, you are responsible to review these Terms regularly to learn about any changes. We will post an updated version of these Terms if we modify them. You understand and a gree that your ongoing use of the Service after we post or provide notice of the changes to this Agreement means that you accept and confirm that the updated Terms apply to you. The laws of the State of California govern this Agreement. You agree to resolve any dispute with us as provided in the Dispute Resolution Procedures described in Sections 21 and 22 below, which include arbitration and the options you have with arbitration. We use the term â€Å"You† to mean the person or entity who will access or use the Service as an end user. The term â€Å"Login† means the combination of unique username and password that is used to access our Service. A login is a license to use a site, application or service for a period of time that is specified. â€Å"Membership† or â€Å"Members† means a single registration and/or subscription account per user of a valid username and password (login) for the service during the term of a subscription. â€Å"We† or â⠂¬Å"us† in this Agreement shall mean: its brands, affiliates, subsidiaries and operating divisions.

Exercise three Essay Example | Topics and Well Written Essays - 750 words

Exercise three - Essay Example In the history of teaching information systems, there has been a shift of emphasis in regard to teaching OS material. Previously the focus was on disk operating system (DOS). This was the first operating system for IBM compatible desk top computers. Then, the RAM was quite limited and the programming language used was BASIC (Hailperin 57). In the 1980s sequential storage devices were used to store programs. Unlike RAM, these types of data is stored and accessed in sequence. Today we have many different types of operating systems, and they can be broken down into two types of OS. 1) Open source Operating Systems 2) Proprietary Operating Systems Proprietary OS are owned by corporations and controlled by them. Examples are DOS and WINDOWS versions. In open source OS, the codes are open to everyone and therefore, anyone can make changes to the OS. There is a third class of OS labelled as Embedded Operating Systems. They are the operating systems that are permanently stored on ROM (Read Only Memory) chips that are embedded into smart phones, video games, and other electronic devices. The American Standard Code for Information Interchange (ASCII) was developed. The code typically uses an 8 bit code which would have 2 to the 8th power possible orderings of the bits. This could represent 256 different characters (Hailperin 264). This application software is more restricted in whatever it performs, but it often completes a task much better or easier than general purpose software. For example, a tax calculation program that keeps a record of expenses for tax purposes. The internet community knows that the main step in shielding their private information on the internet is to certify that they use an encrypted link. As a consequence, phishing attacks, which make use of SSL certificates, are risky as they are linked with increased level of guarantee. The extent of an RSA public key gives a signal of the power of the

Communication Direction Essay Example | Topics and Well Written Essays - 500 words

Communication Direction - Essay Example Take an example where a criminal described his case to an advocate who intern advices the subject on what to say in court or what to leave out. The convict may also query the advocate awaiting response on a certain issue. This form of communication always has feedback as one of its entities unlike its counterpart, from both the recipient to the sender and letting the sender understand that the message was received accurately. A restricted two-way communication involves oral response without the use of target language. Nonverbal responses such as nodding may also be seen here. For instance, the judge may ask the convict, ‘nod if you understand †¦Ã¢â‚¬â„¢ A full-two-way restricted communication, the respondent uses the target language. Both parties are involved in verbal messages. The following comparison and contrast of both the one and two-way communications are backed by several empirical research, urging emphasis on the benefits of accepting one-way is crucial in startin g a conversation before realization of a two-way communication producing the target language just before this introduction (Rai, 2009). The benefits of one way communication is that where the sender is not bothered, both can continue with their task without fear of failure. As for its disadvantage, the one-way communication is that the receiving parties cannot air their opinion (Rai & Rai, 2009). The one way communication does not offer room for expression. It is somehow meant to deliver information rather than attain a response. The entities here are the sender and the receiver only, leaving a weak room for feedback. There are disadvantages around the two-way communication, the sender encounters constant bothers and is required to entirely focus on the recipients’ needs over their own (Agarwal, 2010). This is termed as a bother to most senders, engulfed in this study of the corrections department, given that different individuals have

Advertisemnt of junk food Essay Example | Topics and Well Written Essays - 1000 words

Advertisemnt of junk food - Essay Example The advertisement of junk food has been on the increase in the many parts of the world. The advertisers use both the traditional forms and modern ways of advertisement. The traditional ways of advertisement comprise of television, radio, newspapers.The sophisticated ways of advertisement uses the internet and you tube. The promotion of the junk food through the media spells doom to the health living of an individual and the nation as a whole. Health is a major apprehension among different stakeholders in the world (Moton and Dumler, 2009). Many studies in United States indicate that American people, both the infants and the youth consume poor diets that pose a problem to their health. This therefore implies that the children and adolescents are at a precarious situation to contract health complications that come with poor diet. This is because the youth and the children ape any behavior that they perceive in the advertisement media. Promotion of good eating habits through the tools o f advertisement can greatly help to curb the imminent danger to health. Conversely, promotion of junk foods through advertisement will spell doom to the health of the American people (Insel et al, 2010). Advertising corporations in United States can help youth to reach a well-informed choice on whether to eat or not take junk foods. This can only happen when the corporations decide to advertise directly to the adolescents. Celebrities attract youth and they easily follow their mannerisms. To them it does not matter whether what they are advertising has potential dangers or not. Most advertisement in United States employs the models and the celebrities to publicize junk foods. This makes me believe that American advertisement corporation has negative impacts towards influencing decisions that youth make (Moton and Dumler, 2009). There is a significant change to the habits of consumption of foods in United States over period. Reliable sources indicate that most American youths and chi ldren take food away from their homes. This means that the children and adolescents do not get natural foods. They feed on the junk foods that contain a lot of fatty acids and added sugars. The intake of the high-fat foods poses a health danger to the children and youth. This contributes to the escalating number of overweight and obesity among the American youths and children. The data of these conditions has increased compared to the previous years. The overweight and obese children are at the danger of contracting the heart diseases. The commonest heart ailments include the hypertension and stroke. Other complications include diabetes 2. At severe cases, these disorders can lead to death (Insel et al, 2010). In addition, it puts a lot constrains to the economy of United States. This is because the government has to care for the cost of cardiac and diabetic patients. In the end, the disorders affect the productivity of the affected citizens. These Americans contribute little to the development of their economy. The appearance of skinny and slim people in the advertisement has negative impacts on the perception of youth. The youth and children perceive them as the epitomes worthy emulation. These youngsters tend to forgo food in order get the slender body. This makes the youth to experience starvation, which is detrimental to their healthy. Majority of women ands girls after viewing the thin models and actors tend to think that is the right body, which they should possess. This means that women and young girls will tend to dislike their bodies (Moton and Dumler, 2009). To resemble the models, the women will reduce the portions of their foods. This subjects the body into a very wanting situation because of lack of essential nutrients. This therefore calls for the advertising corporation to use a variety of women of varied sizes. It is a way to achieve neutrality in the advertisements of products. The advertisement of edible products influences the youth to deve lop interest to

Discuss how authors critique gender roles in thire noveles Season of Essay

Discuss how authors critique gender roles in thire noveles Season of Migration and Beer in the snooker club - Essay Example Salih writes about characters from poorer parts of northern Sudan while Ghali writes about city people in Egypt. The main characters in both of these books are male. The men in the books also meet a number of women and from time to time there is discussion of gender relations in British society and in their homeland also. Contact with Western society, and with London in particular, makes the authors think about potential changes to local family and social relationships, and especially to gender roles. In the first novel it is quite difficult to work out what the author’s views on the topic of gender are, because the male narrator has quite a different perspective from the other main character, Mustafa Sa’eed. The village in which they meet is rather traditional which means that life runs on the basis of Islamic law. The narrator describes his family, with emphasis on his grandfather who is a good male role model for him. There are also a number of elderly males who make a lot of sexist jokes about women. One of these characters, Wad Rayyes, seems to represent the dominant view : ‘He had been much married and much divorced, taking no heed of anything in a woman except that she was a woman, taking them as they came, and if asked about it replying â€Å"A stallion isn’t finicky†.’ (Salih: 66) The narrator observes this behaviour and repeats the animal comparison when he says (Salih: 81) â€Å"Wad Rayyes, who charged women as he charged donkeys†. This kind of womanizing behavior is also displayed by Mustafa Sa’eed who goes after several different British women when he is in London. He actually marries Jean Morris and she compares him to â€Å"a savage bull that does not weary of the chase† (Salih: 33). The fact that Sa’eed kills Jean Morris and drives several of his lovers to suicide underlines the aggression that this character feels in his romantic relationships. At one point Sa’eed describes his bedroom in

BHS 499 (Senior Capstone Project) Module 1 CBT Essay

BHS 499 (Senior Capstone Project) Module 1 CBT - Essay Example According to Brennan, Leape & Laird in 1991 and cited by the World Health Organization (2004), a Harvard study reported that 4% of patients encountered some kind of harm in the hospital while about 70% of cases of adverse events led to short-lived disability among patients and 14% of such incidents resulted lead to death The Institute of Medicine or IOM added that annually, "medical errors" reached about 44 000 and 98 000 in hospitals of the USA. Ehsani, Jackson, and Duckett (2006) reported that in Australia alone, an estimated direct costs related to managing adverse patient cases reach up to more than $2 billion per annum. This concerns are very significant because globally, safety and better health of individuals are their basic inherent rights that healthcare institutions must effectively deliver to them. organization (Estes Park Institute, 2008), inappropriate conduct can never be tolerated and continuously being improved. Hindle, Braithwaite and Ledema (2005) emphasized that fatigue, carelessness or lack of knowledge are common factors that resulted care providers to create errors. Although majority of errors are less likely due to behavior but are widely the consequence of underlying factors which are considered as barriers to effective teamwork. Bender (2000) argues also that poor communications among many patients, health care givers and hospital management lead to errors. Gui, Shiew, Bidlake, Cheruvu, Subak-Sharpe, and Fiennes (1999) added that ineffective communication between general practitioners and hospital in some cases often lead to patient safety problems.Finally, adequate reimbursement from insurance carriers is very essential in the healthcare industry as this help manage client's health care expenses and prevent major financial burdens if and when, illness or injury occur. But, millions of citizens' medical coverage is not enough or have no health insurance. Some have lost their insurance coverage or just let it lapse the moment they leave their jobs; while others have very limited knowledge that if they can't afford the cost of private insurance, they may avail of certain financial assistance from government programs. These are some of the issues confronted by many individuals and require further attention. Problem Identification 3 REFERENCES Bender, N. (2000). Action to improve patient safety: "safety" prone health care systems. Ambulatory Outreach, Spring, 6-13. Ehsani, J.P., Jackson, T, and Duckett, S.J. (2006) The incidence and cost of adverse events in Victorian hospitals. Medical Journal of Australia 2006; 184(11): 551-555. Estes Park Institute (2008) The top issues in health care 2008. A Report from Estes Park Institute Englewood, CO 80151. Gross, W.A. (2003) Virginia health insurance guide for consumers. State Corporation Commission's Bureau of Insurance. Richmond, VA 23218. Gui, G., Cheruvu, C., Subak-Sharpe, I., Shiew, M., Bidlake, L., & Fiennes, A. (1999). Communication betwe

Reading Response Essay Example | Topics and Well Written Essays - 500 words - 5

Reading Response - Essay Example In fact, most writers are hardly sure if they are going to get enough stuff for the number of pages required. Lamott refers to a time when, through experience in the writing process, she â€Å"eventually let [herself] trust the process, sort of, more or less† (1). This is because, even being an experienced writer, she still has to begin by putting down really shitty first drafts. After refining the initial draft a second and third time, she is able to come up with excellent pieces. She still gets wary of what she puts down and still worries about whether her work is good enough. Lamott wariness is not personal but rather a common trait among all writers. Getting the right words and knowing how to begin the first paragraph for a piece of work is a challenge to all writers. For every writer, writing is a process that begins with no order but ultimately ends with excellence. Writing a first draft is more about the process because it is not well organized. It rather serves as a form of reference for a writer’s initial ideas that could be forgotten if not scribbled down. Most first drafts can only be understood by the writer. Therefore a second and third draft is crucial. A second draft is significant because it incorporates corrections and new leads. This gives the work some direction. A third draft is the accurate draft; a writer ensures that the words and flow of work is accurate by reviewing every detail. Lamott says that â€Å"almost all good writing begins with terrible efforts† (2). Every writer has to begin somewhere and this can only be done by putting down information and thoughts on paper. According to Lamott, not one of the great writers â€Å"sits down routinely feeling wildly enthusiastic and confident. Not one of them writes elegant first drafts† (1). As a writer, starting the first paragraph of a piece of work has always been a challenge. I get worried about the

Social Psychology Essay Example | Topics and Well Written Essays - 3000 words - 1

Social Psychology - Essay Example Social psychology is a â€Å" scientific study of the effects of social and cognitive processes on the way individuals perceive, influence and relate to others† (Smith & Mackie, 2000, p. 3). Different psychologists have tried to explain the impact of society on human being. However, Floyd Allport believed that society does not influence the thinking of human being. Floyd Allport said that , â€Å"the individual in the crowd behaves just as he would behave alone, only more so†, as according to him, human being’s behavior in the society is a result of his own thinking, feelings, perception and nature and not the result of society’s influence on him (Allport & Wozniak, 1994, p.295). What Allport suggests is that all the aspects of human behavior and human nature like self identity, attitude, prejudice, discrimination, performance, self image etc. are results of his own thinking and what he makes out of that thinking. His own thinking pattern and the perception of the social behavior makes him to form a picture of the society. Hence, the aspects of behavior pattern which we think are shaped by the society are in fact shaped by man’s own thinking and feelings. According to Allport (1954), discrimination is the extension of behavior and it makes person use behavioral elements like harsh words, exclusion, avoidance and also physical attack (Lott & Maluso, 1995, p.4). Hence, it can be said that the behavior pattern of prejudice and the discrimination that man practices against people belonging to certain race, class or skin color is not a result of social influence but is a result of his own belief and thinking. The question is, even if