Measuring Economic Health Essay Example

Measuring Economic Health Essay Measuring Economic Health Name: Course: Instructor: We will write a custom essay sample on Measuring Economic Health specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Measuring Economic Health specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Measuring Economic Health specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Institution: Date: Measuring Economic Health Economics is the study of production, allocation and consumption of goods and services in either a household or industry at large. The economy of a country plays a vital role in knowing how the development process will advance. The economic health of a country should therefore, be monitored to ensure that the country does not go into a recession. The indicators of a country’s economic health are; interest rates, wealth distribution, per capita income, inflation rates, unemployment levels, balance of payment and gross domestic product or gross national product. The government studies these indicators in order to make sure its country’s economic health is excellent (Henderson, 2008). Gross Domestic Product (G.D.P) is the market value of all the goods produced within a country in a given year. Business cycle refers to fluctuations that take place in the economy over a certain period. The rate at which G.D.P increases or decreases helps to measure business cycles. When the G.D.P of a country increases, the business cycle is going to go through an expansion. When the G.D.P declines, the business cycle is then going to go through a recession. Thus, G.D.P and business cycles have a direct correlation to each other (Rittenberg, Tregarthen Mikalson, 2011). Various government bodies determine the national fiscal policies that a country decides to take how they are implemented and maintained. The Treasury department, which is in charge of government spending, administers and creates fiscal policies. It ensures that the policies are implemented as per how they were constructed. The Management and Budget Office assist the treasury department to conduct inquiries regarding the needs of the citizens of that country. They do this by providing information necessary in decision-making and then implement the new policies that are needed. The office of the president has the final say in the national fiscal policies that are implemented in a country. To ensure that the policies will help in a country the government accountability office audits it. It makes sure that the fiscal policies are up to par with the country’s development policies. Interest rates and Taxation are fiscal policies that affect production and employment respectively. Change in interest rates affects money supply in an economy. If interest rates are increased on loans are increased, it means that less people will take out loans but when thus reducing the money supply in the economy. When interest rates are reduced, money supply increases. Tax reduces an individual’s disposable income and thus affects employment. A decrease in tax affects may lead to an increase in employment opportunities. Increase in tax, on the other hand, is viewed by citizens as a form of punishment discouraging people from paying tax. This is because they prefer being paid under the table. Government spending and taxes affect the economy’s production and employment. This is because when the government spending increases and taxes reduce, it results in an increase in money supply. This is because the government pays for part of the consumer’s expenditure through subsidies and there are fewer taxes to be paid. The negative side of fiscal policies can be felt when the government spending is reduced, and taxation is increased. This will in turn result in the consumer paying more for the basic commodities that he or she might need. Therefore, the economic health of a country is determined by the fiscal policies that a government may choose to employ. Reference: Rittenberg, L., Tregarthen, T. D., Mikalson, B. (2011). Principles of macroeconomics version 1.1.1. Irvington, NY: Flatworld Knowledge. Henderson, D. R. (2008). The concise encyclopedia of economics. Indianapolis, Ind: Liberty Fund.

Compass Test Essay Topics

Compass Test Essay TopicsThe compass test is an optional essay topic that must be passed in order to advance in the grades. There are several test essays that need to be written in order to pass.Some students may not know which compass test essay topics they need to write. This is a common problem but not one that should hold you back from writing the essays. Although the test will be all-encompassing, some of the topics are very broad, and students can often overlook some of the less popular Compass topics that are easier to get right.The first compass test required to advance in the grades is quite easy. The topic should focus on historical facts, and the student should choose a subject that is commonly known throughout the school. After getting this topic, the student should then show how much they understand about the subject, and how much they want to contribute to the class discussion.The second compass test requires the student to decide whether they want to use an event or fi gure as the basis for their argument. They should then choose the main idea from the event or figure. The idea should be chosen with care, because the test is based on research rather than intuitive knowledge.The third compass test requires the student to select an argument. It should not be based solely on their belief in the theory, and it should not include a logical deduction from the theory. Rather, the student should demonstrate their reasoning skills, and have their essay analyzed by a member of the class. The student will then be given a chance to defend their position.The fourth compass test requires the student to think outside the box. The student should not base their argument on a known fact. Rather, they should show how they could expand upon the existing information in order to make amore valid argument.The fifth compass test takes the form of a game of 'I'm Sorry.' The student must first express their apologies to another person. Then, they will be asked to explain w hy they are sorry.In addition to the compass test essay topics that must be used to advance in the grades, the compass test must also be written with care. The idea is to be honest about the intended subject matter, while not taking too much license with the essay.