The residents of the country get their own home that was the positive indicator for US economy. This essay has been submitted to us by a student in order to help you with your studies. This is not an example of the work written by our professional essay writers. But another fact is that the people who had less technical skills and educational qualifications they face trouble in establishing their growth in the era of technology. They found obstacles in facing pay rises and other benefits at work place.
It determines the unequal distribution of wealth and employment opportunities. At the same time, the US economy has faced huge level of growth in literacy ratio. To meet out the requirement of technology people started to get educated and it just raises the level of employment within the country.
Thus, the technology works positively in the long run and negatively in the short run. But its negative consequences are negligible as compare to the positive results. Unequal distribution of wealth is another factor that could be realized in US economy over the recent past or industrial development time.
Now the contribution or the role of oil is very significant in US economy. The America imports such huge amount of crude oil for the consumption of residents. During to the petrol prices were not so stable, and it just create trouble for US economy to handle the situation. At the same time, the financial crisis took place in the entire world and America faced two major problems.
One was dampening the housing market, and other was related to the rise in oil prices. It just created the trade deficit and most importantly the value of the dollar was depreciated as compare to other currencies.
The fluctuations become very common scenario, and it creates trouble in handling the economic structure. Another problem that America started to face is related to high import ratio as compare to export. The US has plenty of natural resources, but most of them have been utilizing for inside consumption.
There was very less export, and it just stuck the internal flow of money and capital. The infrastructural development was on the peak that is another indicator for healthy economic structure.
Still the infrastructure development of US is appreciable and increasing year on year. The bankruptcy of banks like Lehman Brothers was the worst era for US economy where they found trouble in managing the mortgage prices, investment failures, credit failures and so on. At that time, US faced a high level of issues with respect to their economic structure.
The reason behind the economic recession is the socially huge spending habits of people and low saving ratio. It was the actual scenario of US that people earn less, but they spent more than their earning. For the same purpose, banks issued more number of loans, and the amount was so high thus it creates the negative flow of money within the economy and it just lead towards the economic recession. Other than this the expenditure upon the security of the country from outside attack is something that has affected the US economy negatively.
The country spent billion dollars every year to protect their territory or boundary. Developing the military equipment and weapons has become a priority of US government, and it just affects the US economy negatively. Various plans have been implemented with respect to ensuring the low level of the trade deficit.
The fiscal stimulus for the amount of billion dollars was something that was passed by the president to be used for social welfare and economic structure repairing process. It helped in generating the job, revenue for the country through various processes. The economic structure come into trouble as the US government put their leg into wars with Iraq and Afghanistan and were in search of terrorist groups and their leaders.
It also affects the GDP growth rate in recent past. The impact of terrorist attack took place at world trade center could be realized after a long period. The US government faced lots of issues with Iraq and Afghanistan in resolving the problems.
The stationarity of the two models will be first tested using Augmented Dickey-Fuller and Phillips-Perron unit root test for stationarity. Then the impact of government expenditures as a total and its components on the GDP will be examined using multiple regression analysis where the R2, F-test and t- test will be calculated.
Wages and salaries expenditures. This study will consist of five chapters. Chapter one will contain seven sections: Chapter two will outline the theoretical background and a literature review of previous studies that have the same problem of this study. Chapter three will be a detailed descriptive analysis of the data on the variables of interest focusing on the allocation of the government expenditures.
Chapter four will be analyzing the data statistically. It will contain detailed description of the methodology of the study with the models to be estimated addressed in functional forms using symbols representing the dependent variable along with the independent variables.
Finally, the estimated models will be discussed and tested economically and statistically in order to highlight the impact of government expenditures along with its components on economic growth.
Chapter five will give the final conclusions of the study and the recommendations that will be addressed to the competent authorities. Administrative Sciences, Volume 39, No. Journal of Political Economy. As in Altaf, N. Shodh Anusandhan Samachar, Vol. Accessed on November 14, from: As in Modebe, N.
Accessed on November 10, from: Principles of macroeconomics, 10th ed. Accessed on December 20, from: Progress in Development Studies, pp. Accessed on December 2, from: Accessed on November 15, from: General Theory of Employment, Interest and Money. As in Desmond, N. Principles, Problems and Policies, 18th ed. Accessed on January 10 , from: Ministry of Finance , Definitions and terms, Accessed on December 10, from: Economics and Finance Review, Vol.
Accessed on December 3, from: Pearson Education Limited Grundlegung der Politischen Okonomie. As in Kuckuck, J. Institute Of Empirical Economic Research. Accessed on November 29, from: Essay UK - http: If this essay isn't quite what you're looking for, why not order your own custom Economics essay, dissertation or piece of coursework that answers your exact question? There are UK writers just like me on hand, waiting to help you.
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Medicine essays Miscellaneous essays Psychology essays Religious studies essays Science essays Sociology essays Essays menu. Theoretical Background and Literature Review: This will be achieved by answering the following sub-questions: The Objectives of the Study: Moreover, the specific goals to be achieved are: The Importance of the Study: The Scope and Limitations of the Study: The models to be used in this study are: Contents of the Study: About this resource This Economics essay was submitted to us by a student in order to help you with your studies.
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Economics Q & A - 1) The current recession is the longest since the Great Depression in the 's. We are still far from a recovery with unemployment at about % .
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10 Economics Essay Topics That Will Improve Your Bottom Line. I’ve included a broad list of topic ideas with suggestions on how you might develop the topic into a specific type of paper, such as an argument, compare and contrast, or pros and cons essay. 1. Introduction: Economic growth, which reflects the overall performance of a country, is one of the most important macroeconomic goals that a country seeks to achieve and maintain.