ECO 372 Complete Class

ECO 372 Complete Class

ECO 372 Complete Class

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ECO 372 Week 1 DQ 1

Using the Bureau of Labor Statistics, the Federal Reserve Bank of St. Louis, or other reputable source, select a key economic indicator that has not been discussed by another student. Discuss how the indicator was created and its current value. What does this key indicator say about the current economic condition?

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ECO 372 Week 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 data on a country’s GDP be used to make a political argument? In your opinion, how much does this happen in the public arena? Please explain your answer.

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ECO 372 Week 1 DQ 3

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? 

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ECO 372 Week 1 DQ 4

What are the different types of unemployment? How do they affect the economy in terms of growth, labor force, and price of labor?

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