Wednesday, December 25, 2019
The Goal Her Of Becoming A Professional Athlete - 914 Words
ââ¬Å"How long are you going to keep doing this to yourself?â⬠Sophia gazed out of a large window, where outside, she could see the top of dogwood trees bloomed white and pink flower in the backyard. The voice was familiar, yet, Sophia couldnââ¬â¢t find it in herself to care about who the voice belonged to. ââ¬Å"You can always find a new dream, it isnââ¬â¢t too late, come on Soph, please.â⬠Her shoulders began to shake uncontrollably, the anger she felt, the sadness, and agony that she hadnââ¬â¢t even realized she felt, evaporated into thin air. All because of one word, ââ¬ËSoph.ââ¬â¢ That all she needed to say, and whatever bothered Sophia at the time, didnââ¬â¢t matter after that. At least, thatââ¬â¢s how it usually went, except this time. For her whole life, Sophiaâ⬠¦show more contentâ⬠¦His gaze met her briefly before the woman spoke, ââ¬Å"Oh wonderful, youââ¬â¢re awake. Oren dear, wait outside while I check on our guest.â⬠The young man left without a word and closed the door behind him. The woman smiled sweetly at Sophia, although, Sophia didnââ¬â¢t smile back. The woman set on the edge of the bed and smoothed her skirts before she spoke; ââ¬Å"You see, we were beginning to worry, it isnââ¬â¢t everyday Oren brings someone home, especially a human.â⬠Sophia tilted her head to the side in confusion. Why was that so strange? She wondered silently. As if the woman had heard her thought, she smiled once more and said, ââ¬Å"Since humans are extinct, you can imagine how difficult it is to find one.â⬠Sophia began to nod her head, but then stopped as her eyes widened in shock, humansâ⬠¦extinct? That was impossible, wasnââ¬â¢t it? ââ¬Å"Ah, I nearly forgot, I am called Hyacinth. How are you feeling? Numb? Nausea? Are you in pain?â⬠Hyacinth asked with a worried expression. ââ¬Å"N-no?â⬠Hyacinth reached out and placed her right hand onto Sophiaââ¬â¢s forehead. ââ¬Å"You still have a bit of a feverâ⬠¦ Iââ¬â¢ll have to ask that you stay in here until your temperature returns to normal...â⬠she murmured, and lifted the front of Sophiaââ¬â¢s shirt with her other hand, much to Sophiaââ¬â¢s surprise. ââ¬Å"Looks like the herbs are working well, though bandages will have to be changed soon.â⬠She added, her lips turned upwards into a big smile. ââ¬Å"Iââ¬â¢ll go fetch you something to eat. We donââ¬â¢t have much, butShow MoreRelatedConcussions On Pro Sports : Concussions1484 Words à |à 6 Pagesdonated to research for concussions caused by professional football. In his final months, Duerson had complained to his family about his declining mental state. After his death, researchers found that Duerson had a disease found in many ex-professional football players, known as chronic traumatic encephalopathy, caused by concussions (Bartholet). Concussions are becoming more and more common in professional athletes. Concussions can weaken a team, take athletes out of games, and even end athletic careersRead MoreEssay on Images of Women in Sports1033 Words à |à 5 Pagesyears the perception of women in sport has changed considerably. In this course we have viewed several films all dealing with the depiction of female athletes in an attempt to gauge societys current perception of women in sport. I will briefly summarize each film and the main themes of the films before providing a description of the female athlete which I will infer from commonalities between the films. The first film we watched was a documentary entitled, Dare to Compete; it provided a briefRead MoreInterview Essay1237 Words à |à 5 PagesOpportunity During the course of her interview on The Wendy Williams Show, with Wendy Williams, Lolo Jones explains how she uses her past failures as motivation to achieve her dreams. Through everything she has been through, Lolo never quit. She never took the easy way out and always kept her eye on her dream. Her story is ââ¬Å"not complete.â⬠(qtd. in Rashaad Jorden) and in this interview it is clear that she is continuing to focus on the opportunities in front of her. Lolo Jones is not just an inspirationRead MoreThe Functional Movement Screen ( Fms )913 Words à |à 4 Pagespass or fail. The highest score possible is 21, receiving a score less than or equal to 14 puts an athlete at higher risk of becoming injured. Besides providing the likelihood of becoming injured, the FMS allows professionals to use each screen to identify different parts of the body that could lack in stability or mobility, which could be causing an athletes performance in a sport to not be at his or her full potential. Cheerleaders are at high risk of injury in not only the lumbar regions but for extremitiesRead MoreShould College Athletes Be Paid?869 Words à |à 4 Pagesdebate on the topic of paying college athletes. In courtrooms across the United States, a resolutionââ¬âand a possible revolutionââ¬âis beginning to gain traction. Some people believe that a scholarship is payment enough, whereas others believe the athletes are being exploited to generate millions of dollars toward the National Collegiate Athletic Association (NCAA). Although student athletes and universities should agree on a term for scholarships, paying athletes additional money would undermine the valueRead MoreEssay on Professional Sports - Injured Athletes and Early Retirement1613 Words à |à 7 PagesInjured Athletes and Early Retirement à à The rise to become a professional athlete requires passion, dedication and years of preparation. To play a sport at such a high competitive level and intensity the athlete must be in excellent physical and mental health. Athletes of Magic Johnsons and Bo Jacksons caliber had the dedication and determination to be the best. The negative feelings the athlete endures after injury or illness is overwhelming and can lead to early retirement, but ifRead MoreProfessional Athletes Should Be Socially And Politically Responsible1594 Words à |à 7 PagesApril 2017 Professional Athletes Should be Socially and politically Responsible Professional athletes making political statements and sharing thoughts on their viewed social issues has been around since games were first being broadcasted and gave these athletes a stage to make a stand. Along with those actions entered debate for sports fans who are stuck between whether athletes should or should not share their views on things ââ¬Å"bigger than sportsâ⬠.This has been missing from professional sports inRead MoreKids Sports and Related Injuries708 Words à |à 3 PagesMajority of parents and coaches want to see young athletes be successful. Most young children are impressionable and often want to please the adults surrounding them, so it is prominent that the adults do not push the child too much. The safety of young children is prominent when it comes to their involvement in sports, and with a combination of conditioning, rest, and support safety can be achieved. If a child is properly conditioned for his or her sport of choice, then he or she will be less likelyRead MoreProfessional Athletes and Drug Use Essay1423 Words à |à 6 PagesProfessional Athletes and Drug Use This research paper is about athletes and their use of drugs. The drug that is most frequently used by athletes is alcohol. Most athletes who use drugs do not get the punishment that they deserve instead they receive punishment that is too lenient. The penalties for professional athletes who use drugs are too lenient, they should be more severe. Examples of drugs that are used by most athletes are the following: Anabolic Steroids, DietaryRead MoreWhy Coaches Should Be A Champion Coach1709 Words à |à 7 PagesIntroduction: Importance of Coaches Coaches are involved in every sport, whether someone is playing football or even chess team. Each coach own his/her own special style of coaching intrigued me. I pondered about how each coaching style can affect the playerââ¬â¢s performances, and how playerââ¬â¢s personalities can connect better with some coaches than others. Some coaches even venture to cross over and coach multiple sports, propelling themselves into an entirely different atmosphere, where they must
Tuesday, December 17, 2019
The Infinite Beauty Of Our World - 1730 Words
The infinite beauty of our world is one that demands a delicate balance of respect. For centuries, all life has coexisted with these just principles. Each time manââ¬â¢s reach exceeds his grasp, natureââ¬â¢s fury unleashes itself relentlessly and without pause. These grave disasters reshape the face of our planet, leaving behind scarred remnants of its former self for future generations to inherit. How much ill-fated treatment must our world endure? How long before a reckoning, too great a price, is paid for the mistakes of the past? Hydraulic fracking paves the way for such a future. A future built upon the needless sacrifice of life in the name of profit is no future for me. Life is precious and it comes without a price. With each passing day, fracking is allowed to go unchecked, unchallenged, and unanswered. Its actions induce unwavering harm to all things living under our blue skies. This must end, lest our world fall to ruin and despair. In the pursuit of a stance on the g rowing controversy that is fracking, one must be versed on the matter at hand. Hydraulic fracking has boomed the energy industry into a new era with roots that can be traced back as far as a decade ago. Before the great catastrophe that was the Energy Bill of 2005, monumental accomplishments were achieved in the preservation of Mother Nature. Environmental activists such as Rachel Carson made a stand and combatted those who carelessly polluted the atmosphere. She made people care about the environment in waysShow MoreRelatedThe Sublime Is Defined By Edmund Burke, Arthur Schopenhauer, And Immanuel Kant973 Words à |à 4 Pagespressed the concept further, distinguishing beauty and the sublime as separate entities. Kantââ¬â¢s sublime exists in oscillation between pleasure and fear, beauty that might frighten you to death. Where, if anywhere, is there an overlap between the beautiful and the sublime? Kant explains two forms of the sublime, the mathematic and the dynamic. The mathematically sublime presents itself when we are confronted with something so absolutely large that is overwhelms our imaginationââ¬â¢s capacity to comprehendRead MoreAttitude and Appreciation of the Natural World in Gerard Manley Hopkins and Henry Wadsworth Longfellows Poetry1239 Words à |à 5 PagesAttitude and Appreciation of the Natural World in Gerard Manley Hopkins and Henry Wadsworth Longfellows Poetry The simple beauty of nature is an aspect many of us take for granted in our everyday lives - the endearing sounds of birds welcoming another day and the powerful gush of a waterfall being some examples of these. But there are those individuals who have endeavoured to fully comprehend the marvellous complexity of the world around us. Such findings are present inRead MoreAn Ode to a Grecian Urn by John Keats Essay576 Words à |à 3 Pageshis poem (510-511). Being that Keats had quite a respectable knowledge of Greek art, it is also quite possible that he had no particular vase in mind at all. Outside of that, our chief concern is the meaning of the poem itself. As author Jack Stillinger proposes, the speaker in a romantic period begins in the real world, takes off in mental flight to visit the ideal then returns home to the real. However, because of his experiences during flight, he never returns to where he began and will beRead MoreAnalysis Of A Summer Afternoon By B. Riley1094 Words à |à 5 Pagesmain similarity among the three is the pressure inside of beauty. The art piece by Frank Stella has white geometric parallel lines on indigo background which consciously delivers tension to entire canvas. Equally arranged lines give us mysterious and silence perspective to the piece, especially, with contrast ed dark background. However, high contrast doesnââ¬â¢t let just complete the painting but also leaves pressure in the mysterious beauty, which reminds me of the compressions art. The compressionsRead MoreEssay about Ralph Waldo Emersons Nature939 Words à |à 4 Pageswoods, we return to reason and faith. There I feel that nothing can befall me in life, - no disgrace, no calamity (leaving me my eyes), which nature cannot repair. Standing on the bare ground, - my head bathed by the blithe air and uplifted into infinite space, - all mean egotism vanishes. I become a transparent eyeball. I am nothing. I see all. The currents of the Universal Being circulate through me; I am part or particle of God. -Ralph Waldo Emerson, Nature (1836) In his essay, NatureRead MoreAnalysis of Friedrich Nietzscheà ´s Book 5 of The Gay Science Essay1638 Words à |à 7 Pagesnew rule of chaos. In Book 5 of The Gay Science, Nietzsche establishes that ââ¬Å"God is deadâ⬠, meaning that modern Europe has abandoned religion in favor of rationality and science (Nietzsche 279). From this death, the birth of a ââ¬Ënewââ¬â¢ infinite blossoms in which the world is open to an unlimited amount of interpretations that do not rely on the solid foundations of faith in religion or science. However, in contrast to the other philosophers of his age such as Immanuel Kant and Georg Wilhelm FriedrichRead MoreAnalysis of the Four Worlds: Healing the Mind in Judaist Thinking679 Words à |à 3 PagesAnalysis of the Four Worlds: Healing the Mind It is fascinating to understand the comprehensive categories of spiritual realms in Kabbalah. These different realms are known as ââ¬Å"worldsâ⬠in the writings of the Kabbalah and outline the channel of Judaist thinking. The focus on the mind, with the connection to the exterior world, relies on the four worlds of Atzilut, Beriah, Yetzirah and Asiyah. The concept of the four worlds denotes the emanation of a creativeRead MoreMy Life Experience And My Outlook Essay1627 Words à |à 7 Pagesquestions, it certainly gave me the tools to dig deeper into my own thoughts, and ideas, and challenge them. I start off with what philosophy called metaphysics, the study of existence. Growing up in a fundamental religion I always had questions about our beginning, or archeââ¬â¢, as a human race. I was taught the preverbal Adam and Eve idea, but that brought about so many other questions. Who was before them? What if there was an alternative? Can we trust the historical data in the Bible? Where isRead MoreMorality, Metaphysics, And Religion1480 Words à |à 6 Pagesand particular portion of the infinite. He strengthens the importance of these ââ¬Å"particularâ⬠expressions by highlighting the necessity of the unique to the character of the infinite. This position not only values the particular over against universalities, but also sees each finite expression as enhancing the diversity of the infinite. Religion, then, is not concerned with systematizing each individual expression, but rather, values the unique expression of the infinite manifest within each finite beingRead MoreWhat Is Nature Or What It?1491 Words à |à 6 Pagesa product of our religion, our biology, and the experiences of our life. There have been many interesting pieces of writing that have ether directly or indirectly defined nature to us what nature is. Whether it is an acenet story passed down though oral tradition through out generations or modern writing, we have always looked to define nature not just for ourselves but for others around us. Take the Salinan Indian Creation Story for instance. Most creation stories explain the world as being created
Sunday, December 8, 2019
Introduction to Law
Table of Contents Question 1 Question 2 Question 3 Question 1 -Over the first nine weeks of the course, reflecting on what you have written in your journal about what were the really interesting things we have covered together and why? Answer 1 The first nine weeks of the course has been extremely enlightening with the opportunity to learn a number of interesting things. Primarily we learned the fundamental concepts of law. This included the basic questions relating to law such as what it is, how it is organized and why it is so necessary. We also dealt with the philosophical queries relating to law on whether it is just a set of rules or based on standards of justice and morality. This part of the teaching was extremely significant as it made us understand the basics very clearly. It also explained the principle values of justice and ethical practice by lawyers. The next part that was extremely interesting and important was the study on the Australian legal system. This part gave us an idea about the contemporary and complex system of law existing in Australia. It further examines the various constitutions giving us a comparative view and it also discusses in details the two sources of law, that is, legislation and case law. Additionally the history of Australian law was also interesting as it gave a detailed analysis of how the present law in Australia had generated and it also stressed on the indigenous laws. One more part of the study that made students exercise their research skills and was hence interesting was the process to formulate legal reasoning and critical thinking. Question 2 -What was less interesting or perhaps not likely to be of much use to you and why? Answer 2 There were some parts of the course study that comparatively generated less interested in me. Firstly the part relating to interpretation skills were not very interesting as in this part the understanding and the rules relating to interpretation were complex and not easily understandable. However once the interpretation rules were clear the study became much simple. Another part of the studies that was complicated was the practical skills where the students were to analyse the communication and collaboration skills. The study and practical application of the collaboration skills was complicated to some extent and hence this part was the one that took some time to understand. Question 3 -How did you collaborate with your student colleagues during the course? Be specific about what worked for you (the forum, the blog, peer wise etc) and what did not work for you? Answer3 During the course of study I also had the opportunity to interact with the other fellow students and this interaction was in itself a separate learning experience for me. While studying the fundamentals of law when we students interacted in most times we solved each others doubts and also cleared our own ambiguities in different sections of the legal study. For the student collaboration the most useful was the forum rather than the blog. In cases of any doubts the forum was the right place to put forward any query during the times when the instructor was not accessible. In the forum generally fellow students either assisted us in clearing the doubts or sometimes agreed with us in the same context. With regard to the blogs it would be unjustified to say that they were of no help. Blogs were helpful where further clarifications relating to any concepts were given hence it generally clarified a number of things relating to the course study.
Sunday, December 1, 2019
United States of Americas Macroeconomic Analysis
Introduction United States of America is the worldââ¬â¢s only super power, after the fall of Soviet Union in 1991. This country gained independence from the British Government in 1776 and was recognized as a nation in 1783 following the Treaty of Paris. This nation lacks an official language at Federal level. However, English is the most common language.Advertising We will write a custom report sample on United States of Americaââ¬â¢s Macroeconomic Analysis specifically for you for only $16.05 $11/page Learn More The variation with which they speak this language makes it be referred to as American English. Over 90% of the inhabitants can communicate comfortably in this language. Other commonly used languages are Spanish, French, Germany, Japanese, Chinese, and American Sign Language among other local languages. The currency commonly used in this country is the American dollar. The country is ranked the worldââ¬â¢s largest economy, with most of i ts companies dominating the worldââ¬â¢s market. Some of the United Statesââ¬â¢ firms dominating the world markets are the Coca Cola Company in beverage industry, The Wal-Mart in retail industry, General Electrics and General Motors in manufacturing sector among a host of other multinational corporations. Certo reports that United States of America has the largest and most advanced military.1 This country is technologically advanced, and the living standard of its populace is well above average. Although there are a few Americans living below a dollar a day, most of its citizens are in stable employment, earning decent salaries. The political system in the U.S. has been relatively stable over the years, making it the leading democracy in the world. The transition of power from one party to another or from one president to another has been done smoothly, making the economy very stable. There are two predominant political parties in this country: the Democrats and the Republicans . Politics has played a big role in the economic development the U.S. In their manifestos, these ploitical parties always put forth their economic plans for the country. This has increased accountability and transparency in the management of public funds. Other than the Great Depression of 1930ââ¬â¢s that shook the economy and rendered almost a third of its citizens jobless, the country has enjoyed a relatively consistent positive growth in its economic growth.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More However, this stability in economy was shaken once again in 2008, when the country was hit by another economic recession. Many industries registered negative returns, and many financial institutions had to be rescued by the government from eminent fall. Employment opportunities became scarce, and the government revenues sharply declined. Currie reports that the rate of unemployment reached a record high of 9%.2 The government had to act swiftly in order to reverse this unfortunate situation. Currently, there is recovery from the economic slum. The countryââ¬â¢s economy is growing positively, estimated at about 3% in this last quarter. Gross domestic product has had a consistent growth since the end of the economic recession of 1930ââ¬â¢s. For the last twenty years, American Gross Domestic Product has grown from six thousand billion dollars to fourteen thousand five hundred billion dollars in the year 2010. This is a growth of over 250%. The countryââ¬â¢s gross domestic per capita has also improved from $ 19,354 in 1990, to $ 39,945 in 2010.3 Despite this positive trend in the two economic indicators, the countryââ¬â¢s unemployment rate has been very inconsistent. Since 1990, the rate was highest in the year 2009, when it was estimated to be at 9%. This was attributed to the economic recession which started out in the late 2007 and ran till mid 2009 . War on Iraq has had negative impact on the economic growth of the country. The budgetary allocation to the military is as huge as what the rest of the world put together spends on their military. This has seen the country forced to run on a budget deficit in order to finance its operations. Gomez and Balkin report that the country has been running on a budget deficit since 1969.4 This yearââ¬â¢s budget deficit was projected at $ 1.3 trillion. This is 8.5% of the countryââ¬â¢s gross domestic product. Analysts predict that the country may not be able to finance all its operations in the year 2012, and therefore may need to borrow for the government to keep running.Advertising We will write a custom report sample on United States of Americaââ¬â¢s Macroeconomic Analysis specifically for you for only $16.05 $11/page Learn More However, they predict that it will be lower than the current deficit. United States of America is one of the worldââ¬â¢ s greatest exporters. Most of the worldââ¬â¢s top companies dominating international markets currently are Americans. Companies like the Coca Cola Company and the General Motors are known in the world markets. There are many other manufacturing firms, service providers like the Hollywood Films and virtually all other industries which are American. This would therefore make one believe that this country will have a zero balance of payment or even a positive one. However, this is not the case. The United States of America has had a negative balance of payment for several years in a row. This may be attributed to the war on Iraq, war on terror, willingness of American consumer to purchase more on credit, constant US budget deficits and the emerging of China as the worldââ¬â¢s top exporter. Since 1995, the US has experienced a free fall on its balance of payment. By then, the balance of payment for this country was standing at -1.85%. This trend deteriorated and by the end of 2006 , the figure was standing at -7.45. The economic recession of 2008 to 2009 worsened the situation. Basically, inflation may be defined as the general increase in price of commodities in a given country over a specific period of time. This country has not experienced any serious inflation in the recent past. However, there has been some form of inflation felt within this country. Inflation has been ranging from 1.59% to 3.85% since 2000, with the country experiencing deflation of -0.34% in 2008. The Behavioral Patterns of the Economic Indicators for the Last Since 1990 Since the fall of the Soviet Union, the United States of America had experienced a relative dominance in the worldââ¬â¢s economy. However, emergence of China as a world economic powerhouse has put this country in an awkward position. China is eating most of the US world markets at a speed that Washington had not predicted it would. China is currently the preferred trading partner to many African nations. Some of the markets that was predominated by American firms are now going east. Mankin reports that China has devalued its currency, making its exports cheaper in the world market, while the imports to this nation are relatively expensive. This has seen it export more of its manufactured goods to foreign countries, challenging the US as the worldââ¬â¢s top exporter.5Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Although the Gross Domestic Product has been on the rise, this has not been happening at a proportionate rate to the countryââ¬â¢s expenditure. The graph below shows the countryââ¬â¢s growth in Gross Domestic Product since 1990. For the last twenty years, United States of America has experienced a positive growth in its gross domestic product. By the last quarter of 1990, its GDP was estimated to be six thousand billion dollars. This has consistently grown and by end of 2010, this figure was at fourteen thousand five hundred billion dollars. The rise can be attributed to the consistent increase in production of the country. Many American firms are still very productive. Other American firms like Apple have based their production in China, but the proceeds go back to the US. Most of its citizens are also very entrepreneurial, making it one of the countries in the world with the highest business start-ups. These private firms are employing the highest percentage of the American s. Over the years, unemployment has been put under control. Other than the unfortunate economic recession of 2008-2009, the rate of unemployment has never been more than 5.5%. The graph below shows the percentage rate of unemployment since 1995. Unmemployment Rate Of The Labor Force In % (1990-2010) This low unemployment rate has made living standards of the Americans be well above average. Although there are many of its citizens who are super rich, the national wealth is evenly distributed to the citizens. Majority of the population are in employment, which would translate to increased gross domestic product. The GDP per capita is one of the best in the world. With most of the population absorbed in various employments, the per capita has also increased over the years since 1990. By the end of 2010, the countryââ¬â¢s per capita was standing at $ 39,945. Gross Domestic Product Per Capita In Us $à (1990-2010) The graph below shows the growth in per capita since 1990. The grap h above shows that the living standard of the Americans has been on the rise since 1990. This is despite the 2008-2009 economic down turn that affected many industries in America and the world at large. Historical Analysis of the Relationship of Economic Indicators Economic status of any country is determined by its political temperatures. A stable political atmosphere will mean a stable environment for doing business. More investors will be attracted to such a market and the infrastructural developments will be witnessed. The United States of America has experienced a rare political calmness since the end of the civil war soon after its independence. This has seen it grow to become the economic giant it is today. The First World War worked to its benefit. At first this country did not align itself to any country. It remained neutral, making it able to form economic pact with any side of the warring nations. The American nation had then just attained industrial revolution. Its indus tries produced goods in mass because the worldââ¬â¢s economic powerhouses like Britain, France, Germany, Japan and many others were too busy fighting to make any production. The U.S. had to export food to these nations because they could not engage in any agricultural activity. It was also the main supplier of arms and ammunitions to both rivals. This incident helped the economy grow at supernormal speed, making it narrow the economic gap between it and the then economic leader, the Great Britain. When it joined the war latter, it emerged as one of the strong nations both economically and military wise. The GDP, GDP per capita and employment rate was on the rise. The government employed many of its citizens in the military, drastically reducing the rate of unemployment that was on the rise. Unfortunately, this positive trend was brought to an end in the late 1929 when the country was struck by its worst economic recession that would last for almost a decade. Many firms closed dow n or were bought off by foreign investors who relocated them to other countries, laying off the employees. This trend was reversed by the Second World War of 1939 to 1945. Since then, the economy of this nation has been relatively stable. These economic indicators have direct relationship with one another. Relationship between Real GDP and Labor Productivity Labor productivity is a ration of real GPD. It refers to the effectiveness of the labor force of a given country. It is the measure of what the labor can produce within an hour against what it is expected to produce within the same period. Real GDP refers to a countryââ¬â¢s output, having taken into consideration factors such as inflation and deflation. The output of labor will have a direct bearing on the total output of the nation. Growth in productivity of labor will have a positive bearing to firms because they will be in position to meet their strategic plans within the set timeline. This will lead to their expansion. La bor productivity translates to increased living standards as the populace will have enough to spend from their productive work in various companies. Real GPD will be felt if the population can afford to make purchase of what they consider basic to them. This therefore means that labor productivity directly influences the real GDP. Classical theorists have related GDP and labor productivity. Adams Smith agued that output is directly affected by labor productivity.6 This relationship can be illustrated as below: Y= where T is land, L is Labor and K is capital. Relationship between Real Economic Growth and Labor Productivity Real economic growth is achieved when there is a trickle down effect to the general public. It is achieved when the population experiences improvement in the infrastructure and other facilities that improve their living standards. Real economic growth can only be attained when the labor force positively work towards having a better economy.7 Labor productivity wil l determine this economic growth. If the labor force is able to meet the set target in their respective working places, the economy will witness an improved growth. This will in turn enable the government achieve its development plans within the stipulated time. Basically, these development plans are always infrastructural. This would mean that citizens will feel this effect in form of improved living standards. Labor productivity therefore leads to real economic growth. In the United States of America, labor productivity is very high. Many of the Americans have the entrepreneurial ability, hence unemployment is reduced. This means that many Americans are employed, making it one of the nations with the highest per hour output of labor. This has been directly reflected in its real economic growth. The country has some of the best schools, hospitals, roads and other infrastructural facilities in the world. Relationship between Real GDP and Unemployment Unemployment is a situation wher e individuals with the right qualification and willingness to work are not able to get the right job. This occurrence is very common in developing nations. Unemployment is a direct result of poor growth in real GDP. If real the GDP is having a positive growth, it will translate to more jobs for the citizens, hence leading to increased per hour output of labor. This will in turn increase the real GDP. This creates a circle, where failure in one will lead to failure in the entire circle. If labor productivity becomes low, the real GDP will fall, and a fall in GDP will lead to increased unemployment which directly translates to reduced per hour output of labor. This system is open to external forces. Any disturbances from the external environment may affect one of the two players, and this would interfere with the entire system. The relative political stability of this country has seen its labor productivity improve, thereby improving the real GPD which in turn reduces the rate of unem ployment.8 Relationship between the Variable These variables are related. Labor productivity has a direct bearing on real GDP. A positive growth in real GPD will lead to increased employment. An increased employment means that per hour output of labor is increased; which translates to increased labor productivity. Increased real economic growth lowers the rate of unemployment. This is reflected in the Macroeconomic Theory and policy, which holds that a countryââ¬â¢s economic growth is directly dependant on the ability of its population to produce more than it can consume. This theory holds that local population should have the ability and willingness to purchase. This would help local companies experience growth. For this reason, unemployment will hinder both real GDP and real economic growth. Historical Analysis of Economic Indicators The United States of America has had a stable economy despite its constant budget deficits. Inflation has always been put under check as supply of money is regulated. The following is an analysis of the relationship between various economic indicators. Relationship between Inflation and Real Economic Growth Inflation refers to an economic situation where price of commodities are above normal. This phenomenon happens when the supply of money exceeds the output of the country. Inflation can deal a dangerous blow to a countryââ¬â¢s real economic growth. For a country to experience a healthy economy, it should be in a position to balance its exports and imports.9 Inflation will always make a countryââ¬â¢s products appear more expensive in the world market, while imports would be relatively cheap. This will make its products less attractive in the world market; hence its exports will be reduced. On the other hand, imports will increase. This imbalance is dangerous as the country will spend more on importing but gets little from its exports. This situation may force a country to run on a budget deficit; hence it may not be ab le to experience real economic growth. Relationship between Inflation and Money Supply Growth (M1) Money supply has direct effect on the rate of inflation. When the supply of money exceeds a countryââ¬â¢s total output, the value of such currency will fall. This will mean that one would need more of such currency to buy a similar item that was costing less before the surplus currency was introduced.10 Money supply should be a reflection of the level of economy. If the economy has grown, there should be a proportionate supply of money. The United States of America has had a tight check on its supply of the dollar. Dollar is used by many nations and therefore its devaluation would affect many other countries besides the US. Despite the economic recession of 2008-2009, the rate of inflation was maintained at manageable levels. This was because the supply of money to the economy was put under check. Relationship between Unemployment and Money Supply Growth (M1) In as much as there is no direct link between money supply growth and employment, the effects of money supply affects the rate of employment. If the supply of money is more than the total output of a country, there will be an overflow of the currency. This would in turn increase the production cost as manufacturers will have to pay more for the inputs they use in the process of production. The increased cost of production may make some firms consider relocating, down sizing or complete closure. In whichever way, the ultimate effect will be a reduced rate of employment. To reverse such a situation, a country may be forced to withdraw the excess currency. These economic variables have close relation. Money supply in the economy will have a bearing on the rate of inflation. Inflation directly affects real economic growth. Unemployment is affected by and affects real economic growth. High rate of unemployment leads to reduced real economic growth. Reduced real economic growth in turn affects the rate of emplo yment as many firms will be producing below their capacity and therefore will have to employ lesser number of individuals. Historical Analysis of the Relationship between Accounts of Balance of Payment, Average Interest Rate, and the Government Budget Balance Balance of payment accounts refers to a record of all the financial transactions of a given country to other countries in the world. This is done after a specific period of time, in the concerned countryââ¬â¢s currency. All the incomes from the production process are recorded as surplus, while all the payments are recorded as balance deficits. Average interest rate is a ratio of a countryââ¬â¢s liabilities. Government budget balance refers to the budget deficit. This happens when the proposed expenditure exceeds the expected income within a specific accounting year.11 The United States of America has constantly been forced to have a budget deficit because its total expenditure exceeds the income. The economic survey done by the end of 2009 indicated that the average interest rate of this country stood at 3.290. This was reduced to 2.992 by the end of 2010. This was because of reduced government budget deficit. Balance of payment for the country is also experiencing positive growth. Conclusion United States of America is the leading economic powerhouse in the world. Although it faces serious challenges in the growth of the economy, it has maintained a positive trend over the years. Economic indicators are showing the same. Rate of unemployment has been completely put under check, making majority of its populace economically productive. This in turn increases the gross domestic product, which in turn affect the real economic growth. If the currency supply of a country exceeds its output, chances are high that such a country may experience inflation, a fact that may destabilize the economic growth. Works Cited Certo, Samuel. Modern Management: Concepts and Skills. New York: Prentice Hall, 2011. Print. Currie, David. Country Analysis: Understanding Economic and Political Performance. Burlington: Gower Publishing Limited, 2011. Print. Gomez-Mejia, Luis and Balkin, David. Management: People, Performance and Change. New York: Prentice Hall, 2011. Print. Mankin, Gregory. Principles of Economics. New York: Cengage Learning, 2009. Print. Moss, David. A Concise Guide to Macro Economic Analysis. Massachusetts: Harvard Business School Publishers. 2000. Print. Whelan, Charles. Naked Economics: Undressing the Dismal Science. New York: W.W. Norton and Company, 2010. Print. Footnotes 1 Samuel, Certo. Modern Management: Concepts and Skills. New York: Prentice Hall, 2011. p. 36 2 David, Currie. Country Analysis: Understanding Economic and Political Performance. Burlington: Gower Publishing Limited, 2011. p. 41. 3 David, Moss. A Concise Guide to Macro Economic Analysis. Massachusetts: Harvard Business School Publishers. 2000 p. 89. 4 Gomez-Mejia, Luis and Balkin, David. Management: People, Perfor mance and Change. New York: Prentice Hall, 2011. p.125. 5 Gregory, Mankin. Principles of Economics. New York: Cengage Learning, 2009. p.56 6 Charles, Whelan. Naked Economics: Undressing the Dismal Science. New York: W.W. Norton and Company, 2010. p.6 7 Ibid, p.36 8 Samuel, Certo. Modern Management: Concepts and Skills. New York: Prentice Hall, 2011 p. 58 9 Moss, David. A Concise Guide to Macro Economic Analysis. Massachusetts: Harvard Business School Publishers. 2000. p.78 10 Charles, Whelan. Naked Economics: Undressing the Dismal Science. New York: W.W. Norton and Company, 2010. p.59 11 Currie, David. Country Analysis: Understanding Economic and Political Performance. Burlington: Gower Publishing Limited, 2011. p. 41 This report on United States of Americaââ¬â¢s Macroeconomic Analysis was written and submitted by user Zackery Acosta to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Subscribe to:
Comments (Atom)