ECO 203 Week 5 Final Paper The Future of the Economy
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Final Paper
Complete a 5-6 page final paper that completely answers the following:
Economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future. Why? Do the reasons for the high budget deficit matter? In other words, does it matter whether the deficit is caused by lower taxes, increased defense spending, more job-training programs, and so on? In your analysis, what role do fiscal and monetary policies have to lead to higher or lower budget deficits? How do budget deficits affect overall long-term economic growth and the debt that the U.S. has to contend with?
Writing the Final Paper
The Final Paper:
• Must be 5 to 6 double-spaced pages in length and formatted according to APA style as outlined in your approved style guide.
• Must have a cover page that includes:
• Title of paper
• Student’s name
• Course name and number
• Instructor’s name
• Date submitted
Must include an introductory paragraph with a succinct thesis statement. Must address the topic of the paper with critical thought. Must conclude with a restatement of the thesis and a conclusion paragraph. Must use at least four scholarly resources. Must use APA style as outlined in your approved style guide to document all sources. Must include, on the final page, a Reference List that is completed according to APA style as outlined in your approved style guide.
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ECO 203 Week 5 DQ 2 Output vs. Workers
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Week 5 DQ2
Output vs. Workers
Between October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4 percent. How is it possible for output to...