Macroeconomic Impact on Business Operations
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Title: Macroeconomic Impact on Business Operations

Essay Details:

Subject: Business
Author: Agustin K
Date: August 31, 2015
Level: University
Grade: A
Length: 5 / 1408

Essay text:

Such factors include the gross domestic product, inflation, unemployment, and interest rates. Based on their analysis, economic strategies and policies are created to help maintain a healthy economy. A strong economy is a result of understanding each factor and strategically implementing them correctly. Gross Domestic Product According to McConnell and Brue (2004), the gross domestic product is "the total market value of all final goods and services produced in a given year" (p. 112). A final good is defined as an item purchased for final use by a customer and not for resale. The GDP excludes any nonproduction transactions, such as stock market transactions and social security payments...

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