Economic Indicators

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by JENNIFER CORONA RAYO (STU)9 views·Updated Nov 4, 2020
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  1. Today we bring to you a summer festivals.
  2. Economic indicators by Alexa and Jenny.
  3. In this presentation, you will learn more about GDP, unemployment
  4. and inflation in order for you to have an amazing
  5. and successful summer festival.
  6. Let's get to it.
  7. First off, we have GDP.
  8. GDP is gross domestic product.
  9. GDP is the measure of the economic activity within a
  10. country. It is also the whole some of the market
  11. values. GDP is important as it measures the nation's well
  12. being as well as the economic growth from one period
  13. to the next.
  14. Some types of GDP s we have real GDP.
  15. Real GDP is used to value the on the economics
  16. production of goods and service is it is expressing constant
  17. prices. DDP is also an inflation adjusted measurement which reflects
  18. all the values of the goods and service is that
  19. air produced oven a common me in a year that
  20. is specified.
  21. It is also measured based on the current or certain
  22. dollar value.
  23. Real GDP is calculated by dividing the pneumonia LH GDP
  24. over a GDP deflation nominal GDP is evaluated based on
  25. current dollars.
  26. It is not just stood for inflation.
  27. Therefore, the values of good and service is or in
  28. current prices.
  29. Since nominal GDP evaluates current prices, it will also include
  30. the changes throughout the economy such as inflation as well
  31. as the deflation that happens.
  32. Inflation is defined as a rise in the overall price
  33. level, and deflation is defined as a fall in the
  34. overall price level.
  35. We also have different types of ways GDP can be
  36. measured. We have value the value added approach, which is
  37. the calculation of the market values of all the goods
  38. and service is we have income approach, which sums the
  39. income that is received by all producers within the country.
  40. We also have expert enters approach, which calculates the final
  41. spending on goods and service is the equations for exponential
  42. approach is why equal C plus I plus G plus
  43. X minus M C is for consumption, which is spending
  44. by households.
  45. I stands for investment, which is spending by businesses on
  46. capitol and inventory.
  47. You also have G, which is government spending, which is
  48. spending by all government and tie dolls and on good
  49. and service is we have X was stands for exports
  50. on goods and service is produced within a country that
  51. are produced in other countries.
  52. We also have export imports, which is good, and service
  53. is that are produced in other countries but are purchased
  54. in your country.
  55. We also have the income approach, which is why equals
  56. W plus I plus are plus P W.
  57. Sensor wages earned from labor I for interest earned in
  58. capital are for rent earned on land P for profits
  59. earned on businesses.
  60. I also have a factors that affect GDP.
  61. Some include supply and demand price level aggregate supply in
  62. aggregate demand.
  63. Not everything is included into GDP.
  64. Some things that are included, our household consumptions, business investments,
  65. local and state, as well as federal spending's in networks.
  66. Well, today you know some things they're not included torchy
  67. DPR used goods, the black market, household productions and intermediate
  68. goods Up.
  69. Next, we have unemployment, types of unemployment and the business
  70. cycle. The business cycle is an economies funk shoe ation.
  71. Between expansion and recession.
  72. The ideal growth for countries is 3% but depending on
  73. consumer decisions, see, growth will change accordingly.
  74. We have some vocabulary.
  75. Some of them will have words are employed.
  76. Any person working any hours unemployed, anyone that isn't working
  77. but is looking for work labor force all the members
  78. of an economy that are employed or unemployed, not in
  79. labor, force all the people that aren't employed nor employed
  80. such a students and self employed.
  81. We also have underemployed workers who could be working more
  82. hours or have skills for better jobs in their current
  83. one. We also have discouraged workers, unemployed individuals who have
  84. stopped looking for work and dropped out of the labor
  85. force. We also have less, far less harmful types of
  86. employments, which are seasonal unemployment.
  87. This type of unemployment is a type that results from
  88. doing work that is most relevant to certain seasons or
  89. weather frictional unemployment.
  90. This type of unemployment is a transitioning between jobs or
  91. the transition from education to employment.
  92. Also know as entering the labor force, we also have
  93. the more harmful types of unemployment, structural unemployment.
  94. This is when workers aren't skilled enough to keep up
  95. with technology or their work has been we rendered unnecessary.
  96. We also have cyclical unemployment, which is unemployment related to
  97. the business cycle and national market performance rather than workers
  98. choices or skills.
  99. We also have he visual the business cycle naturally fluctuates
  100. with the consumer spending habits and believes about the economy
  101. in its production.
  102. Recessions are periods of time when consumers don't believe in
  103. the economy and are afraid to spend their money.
  104. This could be because of many things.
  105. But vegetables lose either way because there is less money
  106. to make them happen, Expansions or when consumers have belief
  107. in the economy and feel confident about spending their money.
  108. This is good for festivals because they can be larger
  109. and more lavish than usual.
  110. Lastly, we have inflation there, different types of inflation and
  111. different reasons for inflation.
  112. We have inflation, deflation, disinflation, stag, inflation and hyperinflation.
  113. They all affect the nation's currency and value.
  114. While demand, pull and cost push, inflation are reasons or
  115. causes of inflation.
  116. Some types of inflation you have inflation.
  117. This is the rising of prices or declining value and
  118. currency deflation.
  119. This is when prices drop, making the inflation rate negative.
  120. This implication.
  121. This is when inflation is positive but has dropped steadily.
  122. We also have causes five causes of inflation.
  123. We have demand, pull inflation, people spend more, which increases
  124. prices, cost, push inflation, it research becomes scarce and it
  125. increases price of products.
  126. We have devaluation the nation's currency, decreases in value.
  127. We also have rising wages.
  128. High employment creates competition for workers, increasing wages for most
  129. expectation of inflation.
  130. If you're of higher prices, leads to less spending and
  131. result in higher prices to make up for the lower
  132. prices. We also have some examples.
  133. Here. We have a demand pull inflation scenario.
  134. Let's say the economy is doing great.
  135. The nation's unemployment is low and people can spend as
  136. they wish.
  137. This means festivals are open and booming, but we need
  138. to prepare the festival organizer's start ordering toys, food, fireworks
  139. and other supplies needed to run a festival.
  140. This means there is an increase in demand so the
  141. demand curve shifts in which direction what happens to prices
  142. as the demand increases, shift to the right prices rise
  143. to meet demand and prevent shortages.
  144. This further stimulates the economy and racist GDP, which creates
  145. a prosperous and wonderful year.
  146. In conclusion, we have to remember 3 to 5% unemployment
  147. rate 1 to 2% inflation rate, a positive GDP thes
  148. air, all signs of a healthy and growing economy which
  149. will result in amazing and successful festivals where people can
  150. celebrate their economics