AB 204 Week 5 Journal

AB 204 Week 5 Journal | Assignment Help | Purdue Global

Unit 5 Journal

  Journal

Journal entry questions are related to the application of the key concepts you learn to the real-world economic issues. The questions contain key economic principles and ideas related to the Macroeconomics topics you are learning. Please feel free to express your perspectives and state how the economic principles and ideas affect your economic decision-making process.

Title your Journal entry: Unit 5 Journal

Journal

According to the textbook, the changes in the macroeconomic indicators affect the economic decisions of the 3 economic agents (household, firms, and government). Assume you are a business owner (manager). How do you use macroeconomic indicators in your business plan and strategy? Why are the indicators relevant to business decision making process? How do they affect business profit?

There is an ongoing debate on how the unemployment rate is measured in the economy. Some people argue that the reported (official) unemployment rate actually understates the extent of unemployment in the economy. What are your opinions on official rate of unemployment? How do you think the official unemployment data can be improved to be a better measure of unemployment in the economy?