Write a 700.docxWrite
a
(700- to 1,500-word essay) paper summarizing the results.
Describe the following
terms in your word.(no word for word definitions, must be in own words)
·  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.




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