Measure Of Economic Health

Measure Of Economic Health - Measure Of Economic Running...

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Measure Of Economic 1 Running head: MEASURE OF ECONOMIC HEALTH Measure of Economic Health Joey D. Finley University of Phoenix
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Measure of Economic Health The principal factor in measuring how healthy a nation’s economy is the Gross Domestic Production or GDP. The gross domestic product totals the values of all final goods produced and services rendered usually measured in a given year. What determines the health is comparing the previous gross domestic product to the current gross domestic product or current to next year’s gross domestic product. If the previous gross domestic product is less than the next, the health has a positive outlook. If gross domestic product starts rising this means the business cycle will be expanding. If it starts declining then the cycle is going to be going through a recession. A nation’s government has specific persons who have the responsibility of making policies that are rules by which fiscal procedures are adhered to within the government. The Department of Treasury formulates economic, fiscal and tax policies, enforces the law, protects
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This note was uploaded on 03/29/2011 for the course ECON 101 taught by Professor Smith during the Spring '11 term at University of Phoenix.

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Measure Of Economic Health - Measure Of Economic Running...

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