Assignment

1. If the government increased Government Spending (G) by $100 billion, (and the Price Level stayed constant, as we assume in Ch. 9), would equilibrium GDP (or the level of "national income") increase by (a) less than, (b) an amount equal to or (c) more than the $100 Billion increase in government spending? Explain your answer - why do you answer as you do? (Note: if you want to, you can even bring the marginal propensity to consume into your answer!).

2. A. If a country had 60 people employed

And 20 people unemployed,
(and altogether 120 non-institutionalized civilians over the age of 16)
What is it's unemployment rate?

B. If the Consumer Price Index rises from 200 to 220 over 12 months time, what was the rate of inflation over this time period?

3. The chapters covered this week address achievement drive and how one can be motivated to build oursuccess through product knowledge, industry knowledge and an understanding of our competition. ZigZiglar goes a step further in identifying how the strength of our family unit helps build our personalsuccess by enabling our family to become a support system to our personal success. Success too manymay be identified as financial success, career accomplishment or simply the drive for unleashing oursuccess for achievement. Watch the below video that features Les Brown, a motivational speaker whospeaks about how we can train our minds to achieve success. Since the video is an hour, you can focuson the first 25-minute video clip to respond to the question.Respond to the below question:1) What is your dream (i.e. personal, professional, etc.) and how can you unleash yourachievement drive to achieve your goal? Utilize the points addressed in the chapter to validate your argument. A minimum one-paragraph response is required.

https://www.youtube.com/watch?v=YYQhksMnza4