ECO 330 Workshop Two Assignment 2.5 Dropbox Group B Assignment
A) Explain, in your own words (not those of the authors) the distinction between GDP and GNP.
B) What agency or organization reports GDP? Bureau of Economic Analysis in U.S. Department of Commerce. What agency or organization reports the turning points for a business cycle? NBER, national Bureau of Economic Research. How is it determined when the economy is in a recession or a recovery?
C) Explain the makeup of the Index of Industrial Production, including its indicator status and the agency or organization that compiles it.
D) What agency or organization compiles the Index of Leading Indicators?
E) If the PMI is 51.4, what may this tell us about the economy?
F) What does the Capacity Utilization Rate tell us about the economy, and for what is it most used?
G) Explain why the unemployment rate is a “lagging” indicator.
H) Compare and contrast the CPI with the PPI. How might they be related?
I) Compare M1 and M2 measures of the money supply. What components are included in M1? In M2? Conceptually, what is the difference between these two categories of the money supply?
J) Explain the relationships between the Prime Rate, the Discount Rate, the Fed Fund Rate, and the Treasury Bill Rate. Explain how each relates to monetary policy.
No comments:
Post a Comment