Describe how each of these activities affects government, households, and businesses

Write a (700- to 1,500-word essay) paper summarizing the results.
Describe the following terms in your word.
Gross domestic product (GDP)
Real GDP
Nominal GDP
Unemployment rate
Inflation rate
Deflation
Interest rate
Part 2
Consider the following examples of economic activities:
Purchasing of groceries
Massive layoff of employees
Decrease in taxes
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
How would you apply the lesson(s) learned into your business? I actually own a t-shirt and Decal business
Use a minimum of 6 references.

……………………….Answer preview…………………………

The gross domestic product can be described as the total market value of the goods produced in a country during a given period of time. The gross domestic encompasses a lot of factors in a country’s economy. It includes both private and government expenditure, investments carried out in the country and the balance of trade………………………

APA

1418 words

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