Econ #7 and #8

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Author:
kyle.coughlin
ID:
175056
Filename:
Econ #7 and #8
Updated:
2012-10-02 14:31:45
Tags:
Econ
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Description:
Econ #7 and #8
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  1. US Macro Strengths
    • Good labor productivity growth
    • Fairly low inflation except for food and energy prices
  2. US Macro Weaknesses
    • Continued slow GDP recovery from Great Recession
    • High unemployment, discuraged workers
    • Low national savings rate
    • Large budget deficits
  3. Japan Macro Strengths
    • High savings rate
    • High trade surplus
    • No big international debt
  4. Japan Macro Weaknesses
    • Two decades of stagnation
    • Growth dependent on exports
    • Large national debt
    • Weak/ineffective politicians
  5. US Standard of Living strengths
    • High per capita income
    • Inexpensive products
    • Inexpensive housing
    • Clean environment
  6. US Standard of Living weaknesses
    • High income inequality
    • Limited safety net
    • High violent crime
  7. Japan Standard of Living strengths
    • High per capita income
    • Income equality
    • High life expectancy
  8. Japan Standard of Living weaknesses
    • Limited safety net
    • Long-term health threats
    • High prices of goods
    • Very crowded
  9. Size of Japan economy
    • Third largest in world
    • 7% of world GDP
    • 2% of world population

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