solveramanilyn

@solveramanilyn (2)

Age 31

Joined myLot 14 years ago

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solveramanilyn's Responses

Third and Final Macroeconomic Question: Money and the Economy

socballais @socballais (71) • Philippines 25 Sep 12

How do changes in the amount of money in the economy affect output, growth, unemployment and inflation?

49 responses

solveramanilyn We all know that money is the medium of exchange in the whole world so the higher money there is chances to invest new business so therefore it may help to decrease the unemployed person in the country. If there is more business in the country the amount of...

1 Oct 12

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

solveramanilyn Well as a student base on our past disscussion that's right the higher the GNP, the higher is the economic growth but before anything else the ECONOMIC GROWTH is the increasing of the capability of producing goods and services compared to the other period of...

29 Sep 12