Here is the synopsis of our sample research paper on Gross Domestic Product and the 2002 Economic Report of the President of the United States. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 8 page report discusses the macroeconomic realities of the gross domestic product or GDP and the ways in which it serves as an important indicator of the health and well-being of a nation’s economy. Information from the President’s report is tied in with the most basic aspects of how and why the status of the GDP matters in the economy. Bibliography lists 3 sources.
Page Count:
8 pages (~225 words per page)
File: D0_BWmaceco.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
blamed for currency crises around the world. For example and according to Overend (1998), the inaccuracy of such forecasts appears to be based on three tenets of conventional economic theory
which should now be questioned: the use of micro-economic theory to construct macro-economic equations; the assumption that private sector equates with good and public sector with bad; and, the way
in which the focus on interest rates has continued to grow for the past several years. Rather than adopting only one or the other, it is necessary to adopt
a combination of macro and micro approaches which have been proven to produce reasonably accurate data. This holds true for economics in both the corporate and the governmental arenas. Far
too often people assume that economic terminologies and designations exceed their ability to understand the concept or that, somehow, economics are different than simple common sense. While some
economic concepts are truly confusing, especially when taken in the context of their specific impact as related to specific sectors of an economy, the gross domestic product (GDP) is a
contemporary economic indicator that is completely understandable because of its straight-forward nature. It is generally used as one of the most accurate descriptors of a nations economic health. It
serves as barometer that clearly indicates the productivity and health of an economy, as well as where it appears that problems may be occurring or might develop. As a result
of the development of the new and emerging world of financial markets, closer scrutiny of patterns, behaviors (both repetitive and unique), as well as developing trends must be closely examined
and the GDP serves as a marker or baseline for that examination and allows for meaningful comparisons. Information provided in the most recent Economic Report of the President (February
...