Julieann121390

@Julieann121390 (2)

Age 36

Joined myLot 14 years ago

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Economic development or Economic Growth?

socballais @socballais (71) • Philippines 12 Sep 12

Countries around the world benchmark their economic performance by the amount of the Gross National Product (GNP) that they attained. The higher the GNP, the higher is the economic growth. Is economic growth equated with economic...

59 responses

Julieann121390 Economic growth because is an increase in the total output of the economy.It occurs when a society acquires new resources or when it learns to produce more by using existing resources.A measure of the value of output of goods and services within the period of...

24 Sep 12

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

Julieann121390 In order to understand what does macroeconomics, we should study first what microeconomics is.As the definition states in macroeconomics,it deals with the larges aspects of a nations economy such as the sectors of agriculture,industry and services, before...

19 Sep 12