Economics HL - Jacob Solomon's group - Year 1

This demonstrates economic activity because it focuses on the performance of an industry in the economy and is therefore a component of GDP. The article also evaluates what is likely to happen in the future of the industry, and the expected consumption patterns of certain individuals.

This article from the Financial Times regards fiscal policies in different EU countries. After the double-dip recession that has been experienced in Europe, many governments' fiscal policies are coming into question and being scrutinized by American commentators.

This article talks about Canada's economic growth is better than what the economist anticipated. It reveals the economic growth is desirable for government, along with low unemployment rate. Consumer spending contributes to economic growth, the consumer spending is repressed while oil prices rise so high nowadays. Interest rates is one of the measures government take to control economy.

NASDAQ News: Mexico's 4Q Aggregate Demand Up 3.9% On Year This article discusses the increase in Aggregate Demand in Mexico in the last Quarter of 2011. Furthermore, because of this increase of AD, the GDP also rose.

This article talks about how inflation affects the economy and society. It mainly talks about how it affects unemployment. It later goes on to test the theory that (quote) "a short-term rise in unemployment can permanently damage an economy, by making it harder for those laid off to find work even when times recover". The government, however, is tackling the problem.

This article discusses China's economic growth over the past few years, and that although the GDP has been increasing, it is doing so at a decreasing rate (e.g. a 10.4% increase in 2010 and a 9.2% increase in 2011). This could reflect a contraction on the business cycle; as it is a period of the economy in which increases, but at a decreasing rate.

This article talks about the economy of India, and talks bout how recent budget talks have affected the economic outlook, not only nationally but globally on the economy. It largely consists of questions and answers, asking questions such as when is the price of oil likely to rise, and budget resposnses to rapid GDP growth.

This article is about how the Venezuelan government intervenes with the economy by implementing price controls and other regulations. This forces Venezuela to depend more on imported goods and decrease the country's productivity level.

By Jack Dolan, Los Angeles Times By Jack Dolan, Los Angeles Times A convicted killer who got caught because he'd tattooed a graphic mural of the murder scene on his chest raked in more than $30,000 in unemployment benefits while he sat in the Los Angeles County jail system, a sheriff's spokesman said.

This article concerns the 'simultaneous' rise of the unemployment and inflation rate in the UK. This goes against the Phillips curve; which shows an inverse relationship between the two.

This artcile involving an interview with YV Reddy, talks about how aggregate demand is very important to not only specific countries, but to the world, talking about how the Eurozone is a key factor within the worlds economies.

Unemployment is one of the indicators used to look at a country's macro-economy. The low unemployment in Germany leads economists to believe that the economy is recovering, meaning it is going through the "recovery" stage of the business cycle - a positive thing for a country after a global recession.

This article concerns the fact that German exports have fallen since December. This reflects what was learned on the "determinants" of exports; national income in foreign nations, exchange rates, relative inflation rates, etc. Considering the recent economic turmoil in Europe, one can assume that the economic situation of foreign countries has affected the level of Germany's exportation.

On Wednesday, White House officials summoned dozens of leaders of nonprofit organizations that strongly back the health law to help them coordinate plans for a prayer vigil, press conferences and other events outside the court when justices hear arguments for three days beginning March 26. This article shows concern over the American Health care system which is *none profitable*. "For months, Democrats in Congress and progressive groups have urged the White House to make a more forceful defense of the health care law, which is denounced almost daily by Republican lawmakers and presidential candidates."

This article is about the trade off and trade defiecits between America and China during iPhone production and exportation. It discusses the idea in terms of America and China, but also uses an example involving fictional places to give a clearer picture and explanation of the idea.

This article discusses how the euro zone has hit a slump and reached a 15 year high of unemployment levels. the level has risen to 10.8% which is completely detrimental to the economy.

Basically the government has been subsidizing essential items to help the public by using tax money. But they are also subsidizing Big Energy Producing Companies (IPP) who sell their electricity to TNB at a fixed rate which is very high. Why the government agreed to this is basically corruption meaning, they (the rich) can force the government (public money) to pay and pay. Now, the government is going broke so they want to charge the public by reducing the essential item's subsidies but they are NOT reducing the subsidies to the rich! The government says that there is an agreement and they cannot change it.

The quantity demanded of this products changing with the change in price of the products.

Today, we are one of 7 billion people on Earth. This historic milestone is rekindling age-old debates over birth control, protecting natural resources and reducing consumption. It also has many wondering whether the Earth can support so many people. About half were added just in the past 40 years, and 3 billion more are expected by 2100.

According to Carl Haub, "Currently, world population is growing at the most rapid pace in history." And today, growth is highest in poorest countries where health care advances are keeping people alive longer while birth rates are still relatively high. Therefore in the future, there will be more shortages in food and the price of everything will be going up. There will not be a equilibrium of the economy after all.