Eco372 Week 4 Reflection Essay

918 words - 4 pages

Week Four Reflection Summary

ECO/372
November 5, 2012
University of Phoenix

Week Four Reflection Summary
In week four, Team D—Joe, Beverly, Kevin, and Rachel—learned about deficits, surpluses, and debt in relation to the macroeconomic health of the United States. The group as a was very comfortable with the discussion of the week while learning new information about the health of the economy. The following is a summary of what the team learned in regard to deficits, surpluses, debt, and the health of the economy.
Budget Deficits
Budget deficits occur when government expenditures exceed the amount of revenue coming into the economy through income and taxes. A deficit is a summary of how ...view middle of the document...

A budget deficit can also result in an increase in printed money, which decreases dollar value and increases inflation.
Budget Surplus
Budget surplus is the opposite of budget deficit. A budget surplus occurs when government expenditures is a result from overpayment of revenue through taxes, income, and fees. The most recent surplus was in the late 1990s ending in the early 2000s. When the government runs a budget surplus, the additional funds are spent to lower the national debt. The funds are also used to increase national savings, increase lending, and decrease interest rates to improve investments. The government will often give additional funds to taxpayers as an opportunity to spend more money.
On the other hand, a budget surplus can slow down the growth of the economy. As seen in previous years of budget surplus, government must spend to counteract the root cause issues versus simply celebrating with the surplus or economic downturns surely will follow. After each surplus in recent history, the country has had decades of deficit. Therefore, the issue with surpluses is human nature. In a recession, everyone is budget conscious and work toward efficiency. In an economic boom, it is too easy to disregard efficiency and strategic planning.
Debt
The national debt is the total amount of money the government owes because of borrowing. Debt is not the same as a deficit. A debt is the deficit minus the economy surplus. A debt ceiling is the statutory limit on amount of money the United States government is authorized to borrow to meet its legal obligations (Murse, 2012). During the Clinton administration, the debt ceiling went from $4.145 trillion when he took office in 1993 to $5.95 trillion when he left the White House in 2001 (Murse, 2012). The money borrowed helped increase...

Other Papers Like Eco372 Week 4 Reflection

Eth 376 Essay

2303 words - 10 pages | ------------------------------------------------- ------------------------------------------------- Week Five: Professional Standards-Based Decision Making | | Details | Due | Points | Objectives | 4 5.11 Use professional standards to make legal and ethical business decisions. | | | Readings | Review Ch. 1–7 of Ethical Obligations and Decision Making in Accounting. | | | Participation | Participate in class discussion. | 4 out of 7 days | 2 | Discussion Questions | Respond to

Bcom 275 Essay

2207 words - 9 pages ). Communicating in the workplace. Upper Saddle River, NJ: Prentice Hall. Moore, B. N., & Parker, R. (2009). Critical thinking (9th ed.). Boston, MA: McGraw-Hill. All electronic materials are available on the student website. |Week One: The Communication Process | | |Details

Bibliography

647 words - 3 pages chapter from the text Keys to College Studying is part of the reading assignment for Week Four of this course? Chapter 3 is the reading assignment for week four – Keys to College Studying. 3. Where on your student website will you be able to find your schedule and course grades for all courses completed to date? Under the programs tab which is found on the main page after you sign in is where you can find your schedule and course grades for

Learning Team Assignment

1184 words - 5 pages under the assignment. 2. Team members complete the readings relevant to the assignment early in the week so they can contribute meaningful ideas to the team discussion. 3. Team members complete assigned tasks and post their work in the discussion area for review no later than day 4 (Friday night). 4. Team members read and comment on each other’s work no later than the end of day 5 (Saturday). Comments can include questions if

Learning Team Reflection: Week Four

784 words - 4 pages Economics/561 June 21, 2011 Learning Team Reflection: Week Four Team A group discussion for week 4 focus on the first topic of Gross Domestic Product (GDP). GDP is the basic measure of an economy economic performance. This is the market value of the total quantity of final goods and services produced over the specified time period. The GDP is actually measured quarterly, but the number is then multiplied by four, so that the

Curriculum Issues

1433 words - 6 pages TEACHING METHODOLOGY AND PRACTICUM 3B (SUBJECT METHODOLOGY FET LIFE SCIENCES 3B) Dear Life Sciences Methodology student, In the week of 31 August to 04 September 2015 you are expected to attend compulsory work related learning as explained to you by the WIL coordinator. During this period ALL Life Sciences students are expected to develop a teaching portfolio (resource file) based on their experience. This portfolio must be submitted to

Unv 103 Topic 1 Navigating Loud Cloud And Time Management

4008 words - 17 pages . University Success. Read chapters 1 and 4 in the textbook: Welcome to GCU. This is the textbook and the required chapters needed for this week. 9. Go to http://library.gcu.edu. Click on the Frequently Asked Questions (on the left) link. When Searching for Articles, describe what a student should do if they cannot find a Journal Article on their topic. First, check your spelling. Next, think about the keywords you are using for your search and

Reflective Review

6167 words - 25 pages 20 Self-Reflection As they are intervening in complex human systems, capacity-development practitioners need to be flexible, adaptable and willing to learn from what they do. An important source of learning in real time is the processes and results of monitoring and evaluation (M&E). Bruce Britton explains M&E activities as they are commonly pursued and explores creative ways in which practitioners can use them for personal learning and

Apple 1

1027 words - 5 pages . ACCESS:(10 marks). Liklihood of being able to carry out survey and gather data. Fall back position if unable to get access. ETHICAL IMPLICATION: RESOURCES AND RESEARCH: Knowledge and skills. Access to secondary data. Libraries,internet, other. Financial. Travel,stationary.subcription/purchase of journal. ACTION PLAN/CHART. For completion the dissertation. Activity | 1 WEEK | 2 | 3 | 4 | 5 | 6 | Introduction

Sonnet 116:Shakespeare

1222 words - 5 pages learnings to develop an action plan for their own projects and programs. The action plan will serve as a guide to apply participants’ learnings on value chain development obtained through this course. When and where The two-week course will be held at IIRR’s Y.C. James Yen Center in Cavite, Philippines, about an hour’s drive from Manila. IIRR is an ideal environment for learning and reflection. Facilities include air-conditioned training rooms, open-air

Calculus 5th Edition Solution

3445 words - 14 pages 3 , or 3,3 . The range of f consists of all y values on the graph of f . For this function, the range is 2 y 3 , or 2,3 . (f) As x increases from 1 to 3 , y increases from 2 to 3 . Thus, f is increasing on the interval 1,3 . 2. (a) The point ( 4, 2 ) is on the graph of f , so f ( 4)= 2 . The point ( 3,4 ) is on the graph of g , so g(3)=4 . (b) We are looking for the values of x for which the y values are equal. The y values for f and g

Related Essays

Mgt 311 Week 4 Reflection Essay

383 words - 2 pages For this week’s reflection we took into account the three objectives while having our discussions. The objectives were to analyze the influence of organizational structure on behavior, analyze the influence of organizational culture on behavior, and to analyze the influence of power and politics on behavior. The influence of organizational structure on behavior has two aspects--- Mechanistic structure and organic structure. In mechanistic

Business Essay

6895 words - 28 pages | |2 | |Week 4 | | | | | |Reflection and Discussion | |2 | | |Individual Assignment: Systematic Sampling

Business Essay

2198 words - 9 pages department, because the current systems are somewhat ® ® antiquated. Your organization is currently using Microsoft Excel to track all personnel data, but would like to migrate to a relational ® ® database like Microsoft Access . You have also been tasked with ® ® Due Points Readings Participation Discussion Questions Individual Types of Electronic Commerce Activity Learning Team Reflection Summary 2 posts per day 4 days per week

Esdf Essay

1148 words - 5 pages Sanitation Assignment Week #2: * Tools & Equipment 1. Tools & Equipment Handout 2. Tools & Equipment Demo – In Lab * Passport to Safety Online Test * Safety & Sanitation Quiz Week #3: * Food Measurements in the Kitchen 1. Proper Measuring Techniques 2. Measuring Tools & Equipment * Tools & Equipment Quiz * Tools & Equipment Demo Quiz Week #4: * Basic Cooking