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Econ 210, Week 1 Notes

by: Dylan Hammerschmidt

Econ 210, Week 1 Notes Econ 210

Dylan Hammerschmidt

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Principles of Economics I
Zachary Raff
Class Notes
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This 1 page Class Notes was uploaded by Dylan Hammerschmidt on Thursday October 13, 2016. The Class Notes belongs to Econ 210 at University of Wisconsin - Stout taught by Zachary Raff in Fall 2016. Since its upload, it has received 3 views. For similar materials see Principles of Economics I in econmics at University of Wisconsin - Stout.


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Date Created: 10/13/16
Dylan Hammerschmdit Zach Raff Week 4 Blog 10­2­2016 U.S. GDP Grew a Disappointing 1.2% in Second Quarter The article I read was from The Wall Street Journal and it was about how bad the second  quarter results were for the U.S. GDP. The Gross Domestic Product is favoring the consumer  spending up to 2.32 percentage points, while the business investments are down .28 percentage  points. Businesses and investments are struggling right now at an all­time low since 2011. Some  economists from Oxford believe it is because some firms are relying on the presidential election  to see where their business is going to stand and then also more business will open here and there for certain reasons. Government spending is also down by .16 percentage points because of  elections coming up and also trying to cut the debt deficit a little bit.  Over all of the year intervals where we categorize our expansion periods as of right now  2010­2016 (present day) we have the worst inflation, expansion, and GDP rate since dating all  the way back to 1950. Now from 2000­2009 wasn’t all that great either it is still going down year to date and as one can see, the consumers are the ones keeping the GDP at the rate that it is at.  But, economists say they need to structure reforms and have other fiscal policies so that they can  get things evened out. Without the government spending and the business investments eventually the consumer spending will halter a bit because of the shortage of wage increases and the raise in rates and prices of goods and services. 


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