Week 2 Assignment

Gross domestic product refers to the vaule that is placed on a country s goods and services, it is the most important measure that is used in determining inflation and it is used to tell the economic health for country's. The real gross domestic product is an inflation- adjusted measure that reflects the value for all goods and services that is produced in that year. The nomibal GDP us when the figure has not yet been adjusted for inflation. The unemployment rate is the total percentage of the total labor force that is not working and the one's that are currently looking to work. The inflation rate is the price of goods and services that has been increased and what is measured by calculating how much that same good would cast ever the course of time. Every year the price is compared and is reported as a percentage increase pre year. The interesr rate is the amount that is charged and express as a percentage of principal, by a lender to a borrower for the use of assets. The interest rates are mostly noted on an annual basis.

The purchasing of groceries has many different affects on our economy. When people goes out and buy groceries the more taxes that's goes to the government. When no one goes out and buy groceries that is less taxes that goes to the government. The taxes that goes to the government are used for so many different projects that are used for building roads, hospitals, schools and etc. So when people that go out in buy groceries it will have an big impact on these different projects that the government use the money from the taxes for.

When it comes to how households buy their groceries this is usally base on how much food they eat. The more money a family makes this usually means that they will eat more foods that cost more which leads to higher taxes and more money that is spent at the grocery store. Since the grocery store is like any after business the more money that is spend at these stores the more money is been made. The more customers...