1.) Compare macroeconomics with microeconomics, and give an example of each.
macroeconomics is the study of the decisions that the government makes like if the government wants to give mote money for defense. Microeconomics is the study of business decisions individual people make like Fast food places.
2.) How does gross domestic product (GDP) provide a means to analyze economic growth?
GDP puts information together to show strengths and weaknesses.
3.) What does GDP tell economics about business cycles?
The GDP tells econmoics when it would be a good idea to try something new aor what to to to make yourself more successful.
4.) Give one example of a new technology that has resulted in greater productivity for the United States.
The computer is a new technology that has resulted in greater productivity for the U.S.A. With the computer people are able to resaerch, do, and turn things in more easily.
5.) (A) How do patents and copyrights promote innovation?
If you have an idea for something but it has already been patented and everything then you will have to either have to invent something different or make that product better. (B) How does innovation help the economy?
New things mean different markets and more jibs because someone will have to make these new things.
6.) Describe and analyze how economics stability is measured?
macroeconomics is the study of the decisions that the government makes like if the government wants to give mote money for defense. Microeconomics is the study of business decisions individual people make like Fast food places.
2.) How does gross domestic product (GDP) provide a means to analyze economic growth?
GDP puts information together to show strengths and weaknesses.
3.) What does GDP tell economics about business cycles?
The GDP tells econmoics when it would be a good idea to try something new aor what to to to make yourself more successful.
4.) Give one example of a new technology that has resulted in greater productivity for the United States.
The computer is a new technology that has resulted in greater productivity for the U.S.A. With the computer people are able to resaerch, do, and turn things in more easily.
5.) (A) How do patents and copyrights promote innovation?
If you have an idea for something but it has already been patented and everything then you will have to either have to invent something different or make that product better.
(B) How does innovation help the economy?
New things mean different markets and more jibs because someone will have to make these new things.
6.) Describe and analyze how economics stability is measured?