Macroecon Article assignment #2

Macroecon Article assignment #2 - Gross Domestic Product...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
PRINCIPLES OF MACROECONOMICS ARTICLE ASSIGNMENT SHEET Spring 2010 – Daniels Name: DAVID CARBAJAL 1. Provide information on the article you chose in the following table. Article Title Iceland GDP Rebounds From Third Quarter Source Wall Street Journal Date March 5,2010 Page Link (if online source) 2. In the following table identify at least two economic concepts from the class or text that the article addresses. Give a very brief explanation of how the article addresses these concepts. You may paraphrase passages of the article in your explanation. Concept 1
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Gross Domestic Product Explanation The market value of all final goods and services produced in Iceland rose 3.3%. Concept 2 Expansion Explanation In this quarter, Iceland is considered to be in a period of expansion, in which the real GDP is increasing Concept 3 The market for loanable funds Explanation The supply of loanable funds has increased because of the inflow from the International Monetary Fund. Having the supply increase will cause the interest rate to decrease. 3. Attach the original article to this sheet....
View Full Document

Ask a homework question - tutors are online