Friday, September 6, 2019
Largest Pressure Groups Essay Example for Free
Largest Pressure Groups Essay To what extent are the largest pressure groups the most successful ones? Some pressure groups are more powerful than others as some succeed while others fail. Success in pressure groups is defined by how they affect government policy, their agenda-setting power and how well they can change people’s ideologies. Large groups mean that they have more members. This in turn leads to more donations. Chequebook groups tend to get most of their finance from their members, for example Greenpeace get 90% of their income from their members. This means that large groups tend to be wealthy. Being a wealthy group means that they have financial and economic power. For example, major corporations such as are the main source of employment and investment in the economy so the government will seek their cooperation. For wealthy groups that aren’t business groups will possess financial strength to employ professional lobbyists and public relations consultants. However, it is the wealth not the size of the pressure group that makes them economically powerful and the biggest pressure groups are not always the most economically powerful. The CBI is more economically powerful than TUC despite the TUC having seven million members. This is because although some groups may be small, they can exert influence through their policy expertise and specialist knowledge. Another good part of being a large group is that they can claim to represent public opinion. NSPCC is an example of this as they ensure that their membership levels stay above one million. This means that governments are most likely to listen to them because their members can have an electoral impact. However having good leadership can be a more direct form of influence than having many members. Having a high profile leader, such as Peter Tatchell of OutRage!, can help as they have some political skills, political contacts and have developed media and presentational skills. Lastly, the government’s views are a very important part. A group may very well be large and wealthy, however if the government doesn’t sympathise with their aims, then it will be very difficult for them to influence policy. For example, Greenpeace are very large and wealthy but the government rarely listen to them. In conclusion, there are different factors that determine how successful a pressure group is. However, large groups tend to have a significant amount of wealth, so whether it is the size of the group or other factors that should be accredited to its success can be argued.
Bsa 375 Week 2 Dq Essay Example for Free
Bsa 375 Week 2 Dq Essay Week 2 DQ DQ1 1.How were the problems with the system missed? Problems were missed by failing to complete the SDLC. The application was developed based on information gathered from agents, but doesn’t seem that it was modified during the system implementation phase. 2.How might these problems have been foreseen and possibly avoided? The problem could have been foreseen and possibly avoided by creating use cases. Use cases will help develop detailed requirements along with expectations, and error handling. 3.In perfect hindsight, the widespread availability of such systems on the internet today, what should the company have done? The company should have taken some time to redesign or retool the application at the first sign of user displeasure. DQ2 1.What is the purpose of developing use cases during systems analysis? How do use cases relate to the requirements stated in the requirements definition? The purpose of developing use cases during system analysis is to help develop the practical requirements, and help understand exceptions, special cases and error handling requirements. Use cases will provide a comprehensive understanding of user interfaces. DQ3 1.A system development project may be approached in one of two ways: as a single, monolithic project in which all requirements are considered at once or as a series of smaller projects focusing on smaller sets of requirements. Which approach seems to be more successful? Why do you suppose that this is true? Be specific. You can answer from your experience or the reading in chapter 3 of this week’s materials.
Thursday, September 5, 2019
The Importance Of Organizational Structure And Power And Communication Lines Business Essay
The Importance Of Organizational Structure And Power And Communication Lines Business Essay Organizational structure refers to the general level, an organization in which its power and communication lines, and the allocation of rights and obligations. Organizational structure determines the manner and extent of the role, powers and devolution of responsibilities, control and coordination of information, and how to manage flows between levels. A structure depends entirely on the organizations goals and choices to achieve these strategies. In a centralized structure, decision-making power concentrated in the upper management and strict control of the department and in the exercise. In the decentralized structure, the allocation of decision-making and the various departments and sectors have different degrees of autonomy. The importance of including an organizational structure to help business owners, CEOs and entrepreneurs to the conceptualization, visualization, hierarchical system is to build their organization and implementation. For example, a part of the organizational structure, including: command, control, departmentalization, span the distribution of power, height, and organizations. The first is the command system is a chain of command involved in the organizational structure, identify and define: jobs, who make decisions and who is responsible for various duties. The second is to control the amplitude is the control of the staff to identify and quantify the actual amount of supervision of the manager. The third is in the department of a departments organizational structure is divided into functional departments (such as sales) by the specific task of structural parts. Determine which activities, tasks and talents will be grouped in order to achieve the best goal of the origin of the so-called process of the department. Fourth, the power distribution authority is deciding whether to allocate decision-making power concentrated in a few high-level bureaucrats often to see the number of shares and the closet or the tasks of various departments and their corresponding decentralized authority. The fifth is a high degree of organization is the organization defined the high many departments, departments, and the highest level between the layers and the tissue level is the lowest 1.2 Body Jia Jia  company is a one-stop event management company dedicated to providing our customers the best choice at competitive prices. All you can expect to experience an unforgettable event, we customize and perfect just for your company annual dinner, theme parties, product launches, family days, company outing, show , and other . Event management is a project management application to create and festivals, activities and the development of the meeting. Event management studies involving the complexity of the brand, target audience, develop the event concept, logistics planning and coordination before the actual implementation, the way the event the technical issues. Hindsight, and to ensure return on investment, has become a major industry event-driven process. My company name is Jia Jia .Jia Jia company is a one-stop event management company . We customize and perfect just for your company annual dinner,  product launches and family days. When the time at the dinner, we company will prepared many activity for example live entertainment show, professional emcee or TV personality emcee , Mobile Disco and Deejay Services, Mobile Karaoke Services , Sound Lighting System Rental , Sourcing of Corporate Gift as door gift , Theme Party Suggestion, Special Design Backdrop Ballroom Decoration, Game  Show, Venue Booking, Event Coordination ,Ballroom Decoration. When the time at the exhibition display system, conference and exhibition services .We provide conference and exhibition services, conference and exhibition display services, conference and exhibition display system, conference and exhibition design services, exhibition booth rental services, exhibition shell scheme system, conference and exhibition equipment and penal system, exhibition truss display system, exhibition pop up display system, exhibition roll up banner stand and exhibition furniture rental system . When at the family party we will prepared activity for example Tele-match Games with 4 tracks this need 7 to 10 games for adults and 4 to 5 games for children . Childrens contest is coloring contest and drawing contest . We also have help prepared food and beverages for example packed food and buffet . In my company department have marketing departments and Human Resources, Finance and Operations. These departments is very important for a company and control the company. Marketing Department is responsible for promoting the use of our services, human resources tend to control the main staff resources. Financial sector, it obtained the coordination and management of financial resources. Combined to provide services directly related to business activities. They also have an important role in our company. In organizational structure have four type is entrepreneurial structure ,functional structure , divisional structure and matrix structure. Definition  matrix structure is employees are features and products. This structure can combine the best of these two independent structures. Definition functional structure within the organization for employees of specific job . Definition divisional structure is classify into three areas: product, market, and geographic. Definition entrepreneurial structure is restructuring and entrepreneurial activities, management and the appropriate procedures to obtain the necessary flexibility, speed, creativity and dynamic role in a specific profit opportunities . Functional organization is built around job function. This type of business structure for small to medium sized enterprises do not have the product or production requirements of a wide range of uses. Matrix  structure is organized, as its name indicates, by area or region. Each area is full of its own entity, with the goal line in the enterprises overall goals. Usually have a regional manager of the operations, who reports to the headquarters, but otherwise full responsibility for the regional units. Chart above shows the geographical structure of a North American example. The same can be applied in the international arena, in the mainland or subcontinents the division. Car manufacturers and multinational fast food chains tend to follow the corporate organizational structure. In some cases, the product will remain unchanged, all regions, while in other cases, a product may be slightly modified or new products to meet local needs. Divisional structure lend well to organizations such as department stores and supermarkets. When these organizations operate in multiple areas, geographic and product mix between the organizational structure is appropriate. Entrepreneurial structure is often a medium-sized and large organizations, have sufficient resources to the proper use of the structure. My company is a medium size. My company use structure is functional structure  , because it has a very clear chart department for medium-sized companies. My organization have three event only , so you can easily control the use of the functional structure. Here is my companys structure:                        Functional structure I choose this structure reason is skills development, coherent chain, quick decision-making, qualified supervision, professional results . Advantages of functional structure Skills development is a function of the organizational structure of the benefit is that its a positive atmosphere to provide for skills development. As a function of the structure group of people requires skills performing similar tasks, or a more experienced team members as a good example and mentor less experienced individuals. This resulted in sustained growth, from simple daily communication organization development, and special seminars or workshops without dependence, improve the quality of a department to carry out. Coherent chain of command is the functional structure of an organization to establish a very specific chain of command. For example, a photo and graphic design department may belong to the visual arts department of a large company a market in a department under the Ministrys jurisdiction. A clear chain of command is important because it creates the standard operating procedures, the establishment and strengthening of accountability consequences. In turn, the productivity in a more professional basis.          Quick decision-making functions in the organization structure, you can speed up the decision-making process. Typically, group decision making can be slow, because the different perspectives involved projects. Although people still have different functional structure of the angle, similar to the professional and educational background to provide more in common than not, in theory, decision-making process has become easier to navigate. In addition, the level of benefit more streamlined decision-making authority, which requires far less than most of the time consideration. Qualified supervision is the functional structure for the participants with a very specific career ladder. Therefore, the individual to achieve a supervisory role more likely to have had the task, they are assessing the experience of their staff. This allows them to better understand and credibility, they make evaluations and allow them to provide more constructive feedback, because they have a personal assessment of the implementation of the work to be first-hand knowledge. Professional results is because everyone is in the functional structure of work in an area of à ¢Ã¢â€š ¬Ã¢â‚¬ ¹Ãƒ ¢Ã¢â€š ¬Ã¢â‚¬ ¹expertise with peers similar , their contribution to the overall objectives of the company or organization will be more professional. Different members of the team greatly in different capacities as a graphic designer, worked in the functional structure of group members in similar areas of expertise, and can push each other to a higher realm of copy. As the saying goes, steel mill steel, colleagues in the function and structure can enhance each others skills. Disadvantages of functional structure , the functions are independent, in any area beyond its own capabilities to understand or care staff rarely caused. This does not make a whole company and its future prospects. This separation caused by communication and full cooperation and coordination of some of the obstacles, individual focus not a companys business focus, there is no way the structure of things as a company, every process in different functional areas and professional of the function is not allowed in the field of management of the Company or other specific areas of broad prospects. 1.3 Conclusion The reason of choosing this function is structure skills development. It is a function of the organizational structure of the benefit is that its a positive atmosphere to provide for skills development. Quick decision-making functions in the organization structure, you can speed up the decision-making process. In my recommendation on countering the weakness is add more activities or party and annual dinner for all department and all employee held this activities can improve the relationship among employees
Wednesday, September 4, 2019
Issues in Virginia Woolf’s Mrs. Dalloway Essay -- Woolf
Issues in Virginia Woolf’s Mrs. Dalloway Virginia Woolf’s Mrs. Dalloway revolves around several of the issues that preoccupied the Bloomsbury writers and thinkers as a group. Issues of androgyny, class, madness, and mythology run throughout the novel. While that is hardly an exhaustive list, these notions seem to form the core of the structure of the novel. Woolf herself, when envisioning the project, sought to produce â€Å"a study of insanity and suicide, the world seen by the sane and the insane side by side.†This issue of madness, in particular, gives the novel its form as we follow the twinned lives of Septimus Warren Smith and Clarissa Dalloway. These preoccupations, occuring in the biographical and intellectual lives of the disparate members of Bloomsbury, revolved around Virginia framing the preoccupations and concerns of the text. In terms of the ambiguous gender identities running throughout the text (Clarissa’s frigidity towards her husband, her sexual view of women, and Septimus’s effeminite nature), there is a tendency towards the asexual or the androgynous in the...
Tuesday, September 3, 2019
Free Narrative Essays - Voices :: Example Personal Narratives
 Voices  The Voice: Well, Mrs. Dryer, I go to a very competitive school. I have to take competitive classes. It's not as though the work load would go down if I dropped to a lower level. I had a very busy week, and the play just started. I'll have more time this week. I promise to practice more between now and next lesson.  The Scholar (that lives in my mind): What is that woman saying!? Drop my AP classes so that I'll have more time for piano? Does she realize that piano isn't life? Or at least not my life? I've taken ten years of music, I think that's enough. I'd rather be spending my time becoming a more prolific writer. That's were my passion lies, not in music. Music is just romanticized math. It doesn't say anything deeper than its title. Not anything specific, at least.  The Musician(that lives in my mind): Ummmm...excuse me?  The Scholar: You heard what I said. Everyone gets sick of a song after awhile. It's because there are no life issues in music. You hear it and it's over, and there's nothing to hold on to, nothing to cherish, not even an image, afterwards. It distracts me from reading. Yes, it's part of culture, but to really appreciate it you have to have an ear for it. It's not my thing. To really get it, it has to be your thing.  The Musician: Not your thing? Honey, listen to me, music is most definitely your thing. You can't escape it. As the volume goes up, your soul goes under, submerged in tone and rhythm and rubato (if you're lucky). It takes over your breath.  The Scholar: I think that's more a function of sound wave vibration than anything else.  The Musician: No, think of it this way. When we play gently we aren't gentle with the keys. We are gentle in the sound. But how do we get that sound? How do we know instinctively, or at least after practice, that a certain touch produces dolce? The key is breath, is mind. It's in us, not the music. No formula of physics could ever produce that type of sound.
Monday, September 2, 2019
Sexual Harassment in the Workplace Essay -- Workplace Harassment Essay
Sexual harassment is unwelcome behavior of a sexual nature that makes one feel uncomfortable, fearful or powerless, and interferes with work. Sexual harassment can happen to anyone; male or female, student or adult employee. Sexual harassment has been at the forefront of businesses for years whether it has been brought to court or settled under mediation, it is a constant in our society today. In 1964 Title VII was established in order to prohibit sex discrimination in employment, this didn’t include sexual harassment. After four cases of â€Å"non-sexual harassing†acts deemed sex discrimination sexual harassment was finally recognized in 1986. In the Meritor Savings Bank, FSB v. Vinson case the Supreme Court saw it as a violation of Title VII and established the standards for analyzing whether the conduct was welcome and levels of employer liability. Finally in 1988 the first-class action sexual harassment lawsuit was filed on behalf of a Minnesota mining employee who described a pattern of harassment and abuse beginning when she went to work there in 1975 in the case of Jensen v. Eveleth Travonite Co. From then sexual harassment would be disputed and fought in court under the Title VII in order to protect the character and capacity of others. The constitution of sexual harassment include the submission to unwelcome sexual advances, requests for sexual favors etc. either explicitly or implicitly as a term or condition of an individual’s employment, submission to or rejection of such conduct by an individual used as the basis for employment decision affecting such individual or such conduct has the purpose or effect of unreasonably interfering with an individual’s work performance or creating an intimidating, hostile or of... ...). European Union Commission Recommendation of 27 November 1991. the protection of the dignity of women and men at work, (p. (L49) 1.). Psychology's voice in sexual harassment law, American Psychological Association (August 1998) Antecedents and consequences of sexual harassment in organizations: A test of an integrated model, Journal of Applied Psychology, Vol. 82, 578-589 (1997); Fitzgerald, L.F., Swann, S. & Magley, V.J., But Was It Really Harassment? Legal, Behavioral and Psychological Definitions of the Workplace Victimization of Women, in W. O'Donohue (Ed.), Sexual Harassment: Theory, Research and Treatment (1997); and Schneider, K.T., Swann, S. & Fitzgerald, L.F., Job-related and psychological effects of sexual harassment in the workplace: empirical evidence from two organizations, Journal of Applied Psychology, Vol. 82, 401-415 (1997)). Sexual Harassment in the Workplace Essay -- Workplace Harassment Essay Sexual harassment is unwelcome behavior of a sexual nature that makes one feel uncomfortable, fearful or powerless, and interferes with work. Sexual harassment can happen to anyone; male or female, student or adult employee. Sexual harassment has been at the forefront of businesses for years whether it has been brought to court or settled under mediation, it is a constant in our society today. In 1964 Title VII was established in order to prohibit sex discrimination in employment, this didn’t include sexual harassment. After four cases of â€Å"non-sexual harassing†acts deemed sex discrimination sexual harassment was finally recognized in 1986. In the Meritor Savings Bank, FSB v. Vinson case the Supreme Court saw it as a violation of Title VII and established the standards for analyzing whether the conduct was welcome and levels of employer liability. Finally in 1988 the first-class action sexual harassment lawsuit was filed on behalf of a Minnesota mining employee who described a pattern of harassment and abuse beginning when she went to work there in 1975 in the case of Jensen v. Eveleth Travonite Co. From then sexual harassment would be disputed and fought in court under the Title VII in order to protect the character and capacity of others. The constitution of sexual harassment include the submission to unwelcome sexual advances, requests for sexual favors etc. either explicitly or implicitly as a term or condition of an individual’s employment, submission to or rejection of such conduct by an individual used as the basis for employment decision affecting such individual or such conduct has the purpose or effect of unreasonably interfering with an individual’s work performance or creating an intimidating, hostile or of... ...). European Union Commission Recommendation of 27 November 1991. the protection of the dignity of women and men at work, (p. (L49) 1.). Psychology's voice in sexual harassment law, American Psychological Association (August 1998) Antecedents and consequences of sexual harassment in organizations: A test of an integrated model, Journal of Applied Psychology, Vol. 82, 578-589 (1997); Fitzgerald, L.F., Swann, S. & Magley, V.J., But Was It Really Harassment? Legal, Behavioral and Psychological Definitions of the Workplace Victimization of Women, in W. O'Donohue (Ed.), Sexual Harassment: Theory, Research and Treatment (1997); and Schneider, K.T., Swann, S. & Fitzgerald, L.F., Job-related and psychological effects of sexual harassment in the workplace: empirical evidence from two organizations, Journal of Applied Psychology, Vol. 82, 401-415 (1997)).
Sunday, September 1, 2019
Econ-545 Week 6 Quiz
| 1. | Question: | (TCO F) The size of the labor force in a community is 1,000, and 850 of these folks are gainfully employed. In this community, 50 people over the age of 16 do not have a job and are not looking for work. In addition, 80 people in the community are under the age of 16. The unemployment rate is ______. | | | Student Answer:|  | Unemployment rate=unemployed/labor force*100 150/1000*100=15% 1000-850=150 (number of people unemployed) then divided by total labor force divided by 100|  | Instructor Explanation:| The unemployment rate is calculated by dividing the number of unemployed by the labor force.The labor force is calculated by subtracting three things from the population (# under 16, # of institutionalized adults, and # not looking for work). In this example, you are given the size of the labor force (1,000), and you are also told that 850 are employed. Therefore, 150 are unemployed, and the unemployment rate is simply 150/1,000 or 15%. | | | | Points Received:| 15 of 15| | Comments:| | | | | | | 2. | Question: | (TCO F) Suppose nominal GDP in 2005 was $15 trillion, and in 2006 it was $16 trillion. The general price index in 2005 was 100, and in 2006 it was 103.Between 2005 and 2006, real GDP rose by what percent? | | | Student Answer:|  | Nominal GDP and REAL GDP must be equal in the base year. 2005 15tr, price index = 100 since nominal and real GDP must be equal in the base year 15tr/1. 03=16. 56tr(16. 56-16. 00)/16. 00=4% or 3. 5%|  | Instructor Explanation:| You need to make use of the inflation formula for the GDP deflator here and compare results between the two years. For 2005: 100 = [$15 T / Real GDP] x 100 So, Real GDP must equal $15 T. You could also recognize that Real GDP and nominal GDP are the same in the base year.For 2006: 103 = [$16 T / Real GDP] x 100 1. 03 = [$16 T / Real GDP] Real GDP = $16 T / 1. 03 So, Real GDP must equal $15. 534 T. The percentage increase in Real GDP will then be [(15. 53 4 – 15) / 15] x 100 = (0. 534 / 15) x 100 = 3. 56% Therefore Real GDP increases by 3. 56% between 2005 and 2006. | | | | Points Received:| 19 of 20| | Comments:| | | | | | | 3. | Question: | (TCO F) The consumer price index was 198. 3 in January of 2006, and it was 202. 4 in January of 2007. Therefore, the rate of inflation in 2006 was about ______. | | | Student Answer:|  | 202. -198. 3=4. 1 4. 1/198. 3=. 02067 or 2. 07%|  | Instructor Explanation:| The rate of inflation is the rate of change of the inflation indicator, or more specifically: [(New Price Index – Old Price Index) / (Old Price Index)] x 100 In this case this equals, [(202. 4 – 198. 3) / 198. 3] x 100 = (4. 1 / 198. 3) x 100 = 2. 07% or approximately 2%. | | | | Points Received:| 15 of 15| | Comments:| | | | | | | 4. | Question: | (TCO E) (10 points) As the U. S. dollar appreciates in value relative to the Japanese Yen, what happens to the price of U. S. goods in Japan?What happens to the price of Japanese goods in the U. S.? (10 points) Why would a country (for example China) choose to keep their currency relatively pegged to the U. S. dollar? If the U. S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries other than the U. S.? | | | Student Answer:|  | the price of goods in Japan start going up. the price Japanese goods in US start going down. China keeps its currency pegged in order to sell their goods for a cheaper price in the US and to make the US market dependent on their product. If dollar appreciate it will drag China's currency with it,in other words reducing China' export. |  | Instructor Explanation:| When a country's currency appreciates, it becomes more valuable versus the other currency we're comparing against. So, in this case, it would take fewer dollars to purchase the same amount of Japanese Yen, U. S. goods become more expensive to Japanese buyers, and Japanese goods be come cheaper to U. S. buyers. A country such as China might choose to peg their currency to the U. S. dollar to keep prices stable for a key trading partner like the U.S. If the U. S. dollar would appreciate considerably against most currencies, this would not affect China trade with the U. S. , but Chinese goods would become more expensive to their other trading partners, and could cause Chinese exports to these other markets to decrease. | | | | Points Received:| 17 of 20| | Comments:| | | | | | | 5. | Question: | (TCO E) Suppose the Indian rupee price of one British pound is 54. 392 rupees for each pound. A hotel room in London costs 120 pounds, while a similar hotel room in New Delhi costs 6,500 Indian rupees.In which city is the hotel room cheaper, and by how much? | | | Student Answer:|  | London hotel room 120 pound or 6527 rupee (120*54. 392) India hotel room 119. 50 pounds (6500/54. 392) or 6500 rupee the hotel room is cheaper in India for . 50 cent in pound or 27 rupees|  | Instructor Explanation:| Since the exchange rate is 1 pound = 54. 392 Indian rupees, we can convert the price of the hotel room in London to Indian rupees and then be able to compare. 120 pounds = rupees(120 x 54. 392) = 6,527 rupees.Since the hotel room in New Delhi costs 6,500 rupees, it must be that the hotel room costs 27 rupees more in London than in New Delhi. | | | | Points Received:| 15 of 15| | Comments:| | | | | | | 6. Question: | (TCO E) Answer the next question on the basis of the following production possibilities data for Egypt and Greece: Egypt production possibilities: A            B            C            D            E Shirts              0           3            6            9          12 Pants              24         18          12          6          0 Greece production possibilities:A            B            C            D            E Shirts               40          30           20          10           0 Pants             0           40          80        120         160 Refer to the above data. What would be feasible terms of trade between Egypt and Greece? | | | Student Answer:|  | terms of trade between 2 countries lie somewhere between the opportunity costs in the 2 countries. in this case Egypt 1 shirt= 2 pants and in Greece case 1 shirt=4 pants, so the only feasible term of trade between the 2 countries would be anywhere in between these limits anything between 2 and 4 shirts and pants would work. t any terms of trade higher or lower than 2 or 4 pants per shirt , one of the countries would be able to do better than the terms of trade simply by trading off resources in their own country. |  | Instructor Explanation:| Feasible terms of trade between 2 countries lie somewhere between the opportunity costs in the 2 countries. In this case, in Egypt â€â€Ã‚ 1 Shirt = 2 Pants, and in Greece  1 Shirt = 4 Pants. So, the only feasible terms of trade between the 2 countries would be anywhere in between these limitsà ‚  anything between 2 and 4 Pants per Shirts would work.At any terms of trade higher or lower than 2 to 4 Pants per Shirts, one of the countries would be able to do better than the terms of trade simply by trading off resources in their own country. | | | | Points Received:| 20 of 20| | Comments:| | | | | | | 7. | Question: | (TCO F) The Republic of Republic produces two goods/services, fish (F) and chips (C). In 2006, the 1000 units of F produced sold for $8 per unit and the 5000 units of C produced sold for $1 per unit. In 2007, the 1500 units of F produced sold for $10 per unit, and the 6,000 units of C produced sold for $2 per unit.Calculate Real GDP for 2007, assuming that 2006 is the base year. | | | Student Answer:|  | base year 2006 1,000 units of fish at 8/unit =8,000 5,000 units of chips at 1/unit =5,000 GDP=13,000 2007 1,500 units of fish at 10/unit-15,000 6,000 units of chips at 2/ units at 2/unit =12000 GDP =27,000 Real GDP with 2006 as the base year 1500 units of fish at 8/unit =12,000 6,000 unit chips at 1/unit = 6,000 Real GDP =18,000 18,000-13,000/18,000 GDP grew by 28%|  | Instructor Explanation:| For 2006, Nomimal GDP = ($8 x 1000) + ($1 x 5000) = $13,000.Real GDP for 2006 would be the same ($13,000). For 2007, Nominal GDP = ($10 x 1500) + ($2 x 6000) = $27,000. Real GDP for 2007 would be ($8 x 1500) + ($1 x 6000) = $18,000. That is, when calculating real GDP for a given year you use the production numbers for that year and the prices from the base year. | | | | Points Received:| 12 of 15| | Comments:| | | | | | | 8. | Question: | (TCO F) Country A produces two goods, elephants and saddles. In the year 2006, the 10 units of elephants produced sold for $2,000 per unit and the 25 units of saddles produced sold for $200 per unit.In 2007, the 20 units of elephants produced sold for $3,000 per unit, and the 50 units of saddles produced sold for $300 per unit. Real GDP for 2007, assuming that 2006 is the base year, is ______. | | | Student Answer:|  | base year 2006 10 units at 2000 per unit =20,000 25 saddles at 200=5000 GDP=25,000 2007 20 units at 3,000 per unit =6,000 50 saddles at 300=15000 GDP=21,000 real GDP with 2006 as the base year 20 units of elephants at 3000 = 60000 for 50 units of saddles at 25 =1250 real GDP 61250 61250-21000/61250 real GDP grew by 65%.  | Instructor Explanation:| Real GDP is calculated for a given year by using the quantities produced in that year and substituting the base year prices. In this example we get: 20 ($2,000) + 50 ($200) = $40,000 + $10,000 = $50,000. | | | | Points Received:| 12 of 15| | Comments:| | | | | | | 9. | Question: | (TCO E) A Honda Accord sells for $28,000 in the United States and for SF35,520 in Switzerland. Given an exchange rate of SF1. 5 = $1, how do the car prices of both countries compare? | | | Student Answer:|  | with an exchange rate of SF1. 25=$1 28,000*1. 25=35,000 SF price is 35,520 t he car sells for SF520 more in Switzerland that it does in the US. |  | Instructor Explanation:| At an exchange rate of $1 = SF1. 25: $28,000 would equal (1. 25 x 28,000) Swiss Francs = SF35,000, meaning that the car sells for SF520 more in Switzerland than it does in the U. S. Points 15 of 15| | | | | | |
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