Macroeconomics Chapter 1The Economic Approach
1. What do economists mean when they state that a good is scarce?
a. There is a shortage or insufficient supply of the good at the existing price.
b. It is impossible to expand the availability
Lesson 2 Week 2
This is the Bureau of Economic analysis site and reports on the statistics regarding Gross
Domestic Product among other items. After you access the web site, you will see 4 categories in
the center. National, International,
Lesson 1 Week 1
1. Determine what the most recent percentage change is for "All Items" in the Consumer
Price Index (which is commonly referred to as the inflation rate) for this 12-month period
(look in the center columns where it says "Un
Week 1 Introduction
My name is Shawn B. Wood, and I am a Warrant Officer with over 13 years of service in the
United States Army. I am 33 years old and was born in Dayton, Ohio, but grew up near Austin,
Texas. I am a huge sports fan and follow closely all