Memo Paper

Memo To:Tony Billett From:Pablo Mejia Date: 05/25/2011 cc: University of Phoenix Message Measuring scotch Health; To view economic health we have to see how important is Goss Domestic Product (GDP), fiscal policies effect on the economic system, what part does the brass has on the fiscal policies, and what role does the governance bodies determine the national fiscal policies. That is why it is necessary to understand how the providence works. And how the judicature taxes and spending affect positive or negative on the economys employment and production. megascopic Domestic Product; GDP is the statistic used to measure the economy. The economy in the United States and many countries argon measured by GDP, what this means is that everything that is produced by the people and companies in the U.S or another(prenominal) countries, the GDP provides information of how much an individual is earning and spending on the output of goods and the serve in the countries economy. GDP also measures consumption, investments, government purchases and exports. The GDP is a great part of the economies business troll of every country.

Fiscal Policy; Fiscal policy is how the government spends and taxes in order to influence the economy. The government decides on what goods and what services are going to be purchased, what payments are distributed or what inwardness of taxes it collects. Fiscal policies has a direct influence on the economy, so when the government makes changes on its spending and to the taxes the economy is directly affected. When harvest-feast in the economy decreases for 4 consecutive quarters the economy is officially in a recess. This fluctuations in GDP are business cycles, this business cycles have four phases that are called expansion, peak, recession and , trough. This business cycles are undetermined in length time, the could locomote from weeks to years. The indicators of the economy are observed and measured by diverse government... If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .