How Healthy Is the Economy? Essay

Submitted By dasheux
Words: 641
Pages: 3
Open Document
How healthy is the economy?
Over the next term we shall be looking at the economy in terms of important indicators of success eg: * How high is inflation (ie how fast are prices rising?) * How many people are unemployed? * How fast is GDP growing ( ie are we producing more goods and services than in previous years?- this is called economic growth) * What is our ‘balance of trade’- ie is the value of our exports ( the goods and services we sell abroad) greater than the value of our imports ( the goods and services we buy from abroad)

1) Unemployment- use this link to help you

http://www.bbc.co.uk/news/business-13436252

a) How many people are currently classed as ‘unemployed’
29.24 million b) Does the level of unemployment vary between regions? Why do you think this is? Possibly, this may be because different regions may have better educational facilities and job offers. c) Why do think unemployment is such as serious economic problem? Think about this from the point of view of the unemployed people themselves and the point of view of the government. Unemployment is such a big problem because people can’t find available jobs. The government are trying to provide jobs but there just there just aren’t enough available to provide. Unemployment to the government means that they have to spend more on benefits for the people that are jobless and currently, they are trying to save as much money as possible. d) Why do you think some workers lose their jobs and become unemployed? Workers can lose their jobs and become unemployed due to government spending cuts. If the government cuts jobs from the public sector, then people become jobless and are unemployed. Once someone is unemployed, it is hard for them to get a job. e) How do you think the government could help unemployed people to become employed?
The government could help by reducing the amount of spending cuts from the public sector. Also, if the government gave a large firm in a big industry a subsidy, then they will be able to employ more workers. The government needs to also reduce the amoutn of benefits available to average workers. Some people get higher benefits than actual job pay- this provides no incentive for people to work.

2) Inflation- use this link to help you http://www.bbc.co.uk/news/business-13421614 Inflation means a rise in the general level of prices. Eg if inflation is 4% this means that prices of goods and services, on
Show More

Related Documents: How Healthy Is the Economy? Essay

The Arabian Desert Essay

two topic options I chose to critically analyze the quote by Richard Balzhiser, the former president of Electric Power Research Institute. The quote is “Energy is not an end to itself. The fundamental goals we should have in mind are a healthy economy and a healthy environment. We have to tailor our energy policy as a means to those ends, not just for this country but in global terms as well.” Looking at the first sentence of the quote “energy is not an end to itself” I see one clear meaning behind…

Words 950 - Pages 4

Health Care For An Increasing Obese Population

My research consisted of three articles, Obesity and the Rising Cost of Healthcare in America, Price tag for childhood obesity: 19,000 per kid, and U.S. Economy has a weight problem as cost of obesity mount. Obesity and the Rising Cost of Healthcare in America The author of this article explains how obesity puts a huge strain on the U.S. economy and the health care system. Tang (2013) states, obese people accounts for 31 percent of the U.S. but individuals with obese-related health problems and diseases…

Words 910 - Pages 4

The Business Environment Essay

November 4, 2012 The Business Environment 2 The role of business in the economy is to drive up the standard of living for people worldwide and contribute to a higher quality of life. Businesses are providing jobs for people who are in need of work, so they can provide for their families. Also, it’s a tool for businesses to invest in the communities they service. Some Businesses are growth engines of the most successful economy in the community. For Example, a small business owner name James Spearman…

Words 1084 - Pages 5

Economics: Demand-pull Inflation Essay

Discuss whether Inflation is always bad for the Economy Inflation is the sustained rise in the general price level. In this essay I will be discussing how inflation positively or negatively impacts the economy depends on a number of factors: Whether inflation is anticipated, Whether inflation is not anticipated, An individual persons situation, The cause of inflation. Inflation is an increase in prices we pay for goods and services. As inflation occurs it costs more for consumers to buy…

Words 946 - Pages 4

Summary Of America's Economy

business cycle, it is clear that America’s Economy is in a state of recovery. After about five years of a recession, America is finally steadily traveling up hill in recovery. It was starting to get bad in 2008 when the unemployment rate continued to increase. It was not a great time as Americans but now, we have regrouped and we are in a better position in the economy as we climb up to the top. A few reasons for this recovery are strong banks, flexible economy, less budget cutting, and a roaring stock…

Words 548 - Pages 3

Angel Kirkma1 Essay

Angel Kirkman November 4, 2014 Macroeconomics GDP And Its Relation to Me The gross domestic product (GDP) is one the main sources used to determine how healthy a country’s economy is. It represents the aggregate or total dollar worth of all goods and amenities produced over an exact time period. In other words it is the size of the economy. Wikipedia defines GDP as "an aggregate measure of production equal to the sum of the gross values added of all resident institutional units engaged in production…

Words 640 - Pages 3

Essay about Sparta vs. Athens

as the economy struggles, powerful and sometimes hostile neighbors, enemies, and extreme lack of necessary resources; a Spartan lifestyle is needed in order to meet these challenges. Spartan lifestyle was mostly based on being a strong, brave, and healthy minded man/solider. So in order to accomplish this goal all Spartan boys were to begin training at the age of 7 years old, and served until they reached the age of 60. One of the many types of lessons the Spartans were taught, was how to proceed…

Words 461 - Pages 2

The Law Of Comparative Advantage

China's economy grow, however if the population is healthy and literate they have a greater chance of being a place that attracts foreign investment and increasing trade. That is if you look at the countries that have gotten out of poverty they got healthy before they got rich and usually reduce their population growth rates as well. 2. “One study estimated that tariffs cost every American $500 annually in form of higher prices.” While reading Wessel’s definition of a Tariff this is how I understood…

Words 352 - Pages 2

Gdp In America

It’s no small achievement to have the world’s largest economy, but that’s exactly what the United States has accomplished over the past decades. They’ve done it through various policies and adjustments made by the founding fathers, the presidents, and the many innovators and entrepreneurs within the United States. The United States is a large country, with a big population and this, combined with the economic structure is what has caused great economic growth in the United States. We’ve seen both…

Words 1427 - Pages 6

Essay on Obesity: a Sociological Epidemic

aspect of obesity shown through the impact of families, the government and the economy. The rapidly growing, fast-paced, technological society creates an epidemic of sorts. Families pursue the use of technology, restaurants and fast-paced eating as well as single parenting and parental denial. The government sets a significant health care cost to obesity, which prevents a solution and increases risks. A non-stable economy brings about a society filled with unemployment or multiple jobs as well as both…

Words 2442 - Pages 10