Retail sales are an economic indicator of activity. Retail sales reflect how much goods are being sold. Whenever a company is selling goods, retail sales would allow the company to evaluate is economic activity.
Gross Domestic Product is an economic indicator of growth. GDP is the value of all the goods and services that are produced in a country. Whenever more goods and services are produced in an economy, GDP allows analysts to say that the country has experienced economic growth. The richest countries have the highest GDPs.
Consumer Price Index is an economic indicator of inflation. CPI is a weighted average of prices of a basket of consumer goods and services. The CPI is used to measure inflation,
, x1 is the present year, and x is last year.
Unemployment rate is an economic indicator of inactivity. Unemployment rate shows the undesired unemployment in an economy. In other words, this rate shows economic individuals that are only contributing to the economy by consuming, but are not productive.
Social responsibility is your obligation to a society like in gender roles it’s typical the moms social responsibility to take care of the kids and the dad’s to work and get proved money for his family, businesses often will donate money to charity as part of their social responsibility
The correct answers to these open questions are the following.
Do you think the economic crisis that began in 2006 with the mortgage crisis has led to increased power for the presidency?
Not in that case. President Barack Obama faced one of his toughest decisions during the Freddie Mack crisis and the upcoming financial and Bank crisis in the United States. In the end, he decided to support the financial system, despite many medium and low-class Americans felt betrayed by the President's decision.
Do you think the current pandemic will result in increased presidential power?
It is probable that the actual President tries to increase his powers to make the kind of decisions needed to confront a health crisis that has turned to be an economic crisis that specialists say the US economy is in recession.
What kinds of increase in presidential power might come about as a result of such a crisis?
He can create the kind of legislation to help the country leave the economic crisis as soon as possible, knowing that he can use his veto power. As the commander in chief of the Armed Forces, he can send the national guard or some troops to reestablish the order in some regions of the country.
Do other branches of government also gain more power in such a crisis?
No, I don't think so. The President is the one who can increase his power during these difficult times over the judicial branch and the legislative branch.