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Topic: Business
Number of pages / Number of words: 5 / 1309
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Unemployment affects the other economic variables with a direct hit on the GDP or gross domestic product.

GDP gap = actual GDP – potential GDP

The above equation demonstrates how the GDP gap is found. Okun’s Law states that “when the economy fails to create enough jobs for all who area able and willing to work, potential production of goods and services is irretrievably lost” (ibid)...


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Where unemployment affects the numbers of jobs within the economy, inflation affects the purchasing of the products or services. The main measure of inflation in the United States is the Consumer Price Index, which is compiled by the United States Department of Labor Bureau of Labor Statistics. According to the Bureau, the CPI is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy...


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Competitive Analysis, Ing Direct. Direct Ski SWOT Analysis Economic Concern: Unemployment Rate Environmental Factors That Afffect Global And Domestic Marketing Decisions Environmental economic Gross domestic product PRODUCT LIFE CYCLE AND INTERNATIONAL PRODUCT LIFE CYCLE ECONOMIC AND MARKETING PERSPECTIVES Economic Indicators: Variables of Change Social, Economic And Environmental Impacts In Tourism Discuss the variables involved in aggression. Which variables are most important? How Sleep Deprivation Affects Psychological Variables Related to College Students Cognitive Performance Combining Economic Reasoning With Environmental Issues: Environmental Affects Of Global Warming Domestic Violence, Women and its Affects on Mental Illness Economic Growth Environmental Sustainability

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