Tuesday, November 5, 2019
Past Perfect Worksheets for ESL Learners
Past Perfect Worksheets for ESL Learners In general, the past perfect is used to express something that had happened before something else in the past. The key to understanding the past perfect is that is used to express something which was completed in the past before something else took place. Past Perfect Positive Form Review Subject had past participle objects Examples: Alex had finished the test before Tom asked to see it.They had lived in France for 10 years before they moved home. Past Perfect Negative Form Subject had not past participle objects Examples: She hadnt eaten by the time he arrived.We hadnt bought the car when he told us the news. Past Perfect Question Form (Question Word) had subject past participle? Examples: Had you done anything before he arrived?What had she done to upset you so much? Important Note! Regular past participles in -ed, irregular past participles of verbs vary and must be studied. Already / Before Already is used in the past perfect positive form to something that something had been completed before another action occurred.Before is used in the past perfect in a similar sense to already, but in all forms. Examples: They had already completed the work when he arrived.She hadnt been able to eat lunch before he telephoned. For For is used to express the duration of time something had happened before something else occurred in the past. Examples: Susan had worked as an assistant manager for five years before she was promoted.They had lived in that house for ten years before he moved in with them. By the Time By the time is used to express the point in time up until which something had happened. Examples: By the time he asked me, I had completed everything he requested.They had eaten by the time he walked into the room. Past Perfect Worksheet 1 Conjugate the verb in parentheses in the past perfect tense. In the case of questions, use the indicated subject as well. They ____ (eat) before he arrived.____ (you finish) the report before he asked for it?Jennifer _____ (buy) the house before the market crashed.What _____ (she do) that upset him so much?Our boss _____ (not make) the decision yet when management changed their mind.The students _____ (write) the report, but the teacher made them do it again.Mark _____ (want) to go to New York, but his wife changed his mind._____ (they invest) in that stock before the market improved?Alex _____ (not do) the gardening before it started raining.Their decision _____ (make - passive voice) before conditions changed.We _____ (eat already) so we werent hungry._____ (Tom choose) the color for his room before he was asked to paint it black?Sarah _____ (drive) three hundred miles by the time she arrived in Tacoma.Few people _____ (understand) the news when the consequences began to appear.The reporter _____ (not tell) the cameraman to get ready when the president walked into the room.Bob _____ (purchase) the fir st generation iPad two weeks before the second generation was introduced. I _____ (print) the report before he gave me the updates._____ (Henry come) home before the called the police?She _____ (not complete) the article when the news changed everything.The coach _____ (reserve) rooms for everybody so there werent any problems. Past Perfect Worksheet 2 Choose the correct time or quantity expression used with the past perfect tense. How (much/long) had you known Peter before he proposed?They had (yet/already) eaten by the time he arrived.Cathy hadnt finished the report (when/by) the time he asked for it.Phillip had requested all the forms (as soon as/before) he began the application process.How (much/long) wine had they drunk before they were asked to stop?She had made the decision long (after/before) he asked her to marry him.They had always wanted to visit Amsterdam (so/as) they went!Jackson hadnt been able to read the book (when/as) the teacher asked him to quote from it.Susan had (yet/already) printed the report before her boss requested it.Had they (yet/already) heard the news or were they surprised? Answers For Past Perfect Worksheet 1 Conjugate the verb in parentheses in the past perfect tense. In the case of questions, use the indicated subject as well. Theyà had eatenà before he arrived.Had you finishedà the report before he asked for it?Jenniferà had boughtà the house before the market crashed.Whatà had she doneà that upset him so much?Our bossà hadnt madeà the decision yet when management changed their mind.The studentsà had writtenà the report, but the teacher made them do it again.Markà had wantedà to go to New York, but his wife changed his mind.Had they investedà in that stock before the market improved?Alexà hadnt doneà the gardening before it started raining.Their decisionà had been madeà before conditions changed.Weà had already eatenà so we werent hungry.Had Tom chosenà the color for his room before he was asked to paint it black?Sarahà had drivenà three hundred miles by the time she arrived in Tacoma.Few peopleà had understoodà the news when the consequences began to appear.The reporterà hadnt toldà the cameraman to get ready when the president walked into the room.Bo bà had purchasedà the first generation iPad two weeks before the second generation was introduced. Ià had printedà the report before he gave me the updates.Had Henry comeà home before the called the police?Sheà hadnt completedà the article when the news changed everything.The coachà had reservedà rooms for everybody so there werent any problems. Answers for Past Perfect Worksheet 2 Choose the correct time or quantity expression used with the past perfect tense. Howà longà had you known Peter before he proposed?They hadà alreadyà eaten by the time he arrived.Cathy hadnt finished the reportà byà the time he asked for it.Phillip had requested all the formsà beforeà he began the application process.Howà muchà wine had they drunk before they were asked to stop?She had made the decision longà beforeà he asked her to marry him.They had always wanted to visit Amsterdamà soà they went!Jackson hadnt been able to read the bookà whenà the teacher asked him to quote from it.Susan hadà alreadyà printed the report before her boss requested it.Had theyà alreadyà heard the news or were they surprised?
Sunday, November 3, 2019
Argument essay Example | Topics and Well Written Essays - 1250 words - 9
Argument - Essay Example Nuclear power is the worldââ¬â¢s best and first answer to the problem of the exhaustion of resources. Above that it is ecologically clean when used properly. Besides that atomic energy serves for military purposes as a nuclear weapon of mass destruction. Despite the fact of its massive ability to destroy everything living it is the political mechanism of the future which guarantees world peace and logical avoidance of any local conflicts on the theoretical basis of nuclear deterrence and mutual asserted destruction (Edwards, 2013). Opponents of the nuclear energy and its military usage ignore the benefits and fear the danger of nuclear holocaust and worldwide ecological catastrophe in the future if nuclear power will continue to exist. They say that benefits donââ¬â¢t exceed the harm and it is better to continue injuring nature slowly thought fossil fuel energy than put it in jeopardy of probable total annihilation with atomics energy. More than that ecological harm from the atomic accidents not only overcomes the usual pollution but bring whole generations of unproductive land, humans and animals with diseases and low immune system all because of the radioactive pollution. Above that they state that nuclear weapon in the hands of government that behave in a rough way is not a responsible way to treat such serious issue due to the political corruption and instability that so often shows itself. They state that political differences and dissidence of countries which possess nuclear weapon can lead to the nuc lear war which will annihilate and destroy the planet. Same opponents say that slow harm to the nature by the non-nuclear energy plants is better than the probability of total devastation. The also point out that disastrous events such as Chernobyl and Fukushima are the examples that prove peopleââ¬â¢s inability to treat atomic energy with responsibility and that it can lead to further even more disastrous nuclear
Thursday, October 31, 2019
Taoism Religion Research Paper Example | Topics and Well Written Essays - 1000 words
Taoism Religion - Research Paper Example Taoism is a religion that was first practiced in China. Taoism originates from the word Tao, a Chinese word for ââ¬ËThe wayââ¬â¢. Hence, many Chinese citizens believe that by practicing Taoism their lives will not only be peaceful but they will also have lives that are effective and harmonious. The Taoism religion claims that people who resist following ââ¬Ëthe wayââ¬â¢ normally live lifestyles that are full of chaos and disaster. The Taoism religion has been in existence for a long period to the extent that it is no longer easy to trace the exact period that this religion was initiated. The reason it is difficult to trace the period Taoism came into existence is because of the religionââ¬â¢s varied and complex roots. According to Fowler, Taoism is a religion that is multi-faced, that is, just like any other religion it has its unique as well as blurred sectarian characteristics. What makes the Taoism religion different from the rest is the numerous beliefs that this religion practices and adheres. For example, the people practicing Taoism believe in the existence of immortality, that is spiritual immortality exists and hence can be attained. In the religion of Taoism, although there are different ways of achieving immortality, the most common are through prayers and observing oneââ¬â¢s deities (Lebron 439). The main reason Taoists observe their deities is usually in a move to nourish their bodies; by nourishing the body Taoists believe that this reduces old age as well as diseases and death. Similarly, Taoists also believe that everything on earth is not only transient but also temporary, that is, they are prone to decay.
Tuesday, October 29, 2019
Classroom Comparison Essay Example | Topics and Well Written Essays - 250 words
Classroom Comparison - Essay Example Also, there are many ways in which both classrooms are different. In American classrooms, individuality is encouraged and the students participate freely in the classroom. This is very different from the classroom from my childhood, where conformity was expected. Another difference is that there is not very much homework in American classrooms. The classroom from my childhood had lots of homework and every student was expected to complete it. I feel that I learn best in American classrooms because I can freely ask questions of the teacher. In the classroom from my childhood, if I did not understand something then there was no way of finding out about it. I would also say that the well-being of the student is first and foremost in American classrooms. I feel that school should be focused on the students because they need it for a future career. The classroom from my childhood included a lot of respect for the teacher and students were expected to be
Sunday, October 27, 2019
Business Plan Of Slice Bakery Management Essay
Business Plan Of Slice Bakery Management Essay Introduction Slice Bakery and Juices is a start up juice and bakery retail establishment located in down town Nairobi. Slice bakers expects to catch the interest of a regular loyal customer base with its wide variety of fresh juices and freshly baked cakes and bread. Slice Bakery and Juices plans to construct a strong market position in the city due to the partners industry experience in the area. The establishment aims to offer its services and products at a reasonably competitive price to meet the demand of the middle and high area residents and tourists. The Company Slice Bakery and Juices is incorporated in the city of Nairobi. It is equally owned and managed by its three partners. Mr. David Williams has extensive experience in marketing, sales and management and was the vice chairman of Eveready Batteries and Harper foods. Mr. Arnold Mwangi is experienced in finance and administration and was previously the chief financial officer with both Luigis Cafà © and Willy Pastries. Mrs. Felicia Wanjiku is a well respected pastry chef with vast knowledge and experience in the field, she formerly worked at Lagoon beach resort in the Kenyan coast as the head pastry chef. The organization intends to hire 2 full time pastry cooks and four part time baristas to serve customers and perform the day to day operations. Products and Services Slice Bakery and Juices offers a vast range of freshly made fruit and vegetable juice varieties that are brought into the city from various parts of the continent. The company caters to all of its customers by serving each of them a carefully made drink that is specifically tailored to the customers order. The bakery side of the company provides a wide array of freshly prepared bread and cake varieties at all times during business hours. Ten to twelve moderately sized batches of assorted bread and cakes are prepared during the day to assure the availability of freshly baked products at all times. The Market The Fresh juice industry in Nairobi has recently experienced very fast growth. The worm equatorial temperature in Nairobi stimulates the regular consumption of cool drinks. Slice Bakery and Juices wants to establish a large regular customer base and it will achieve this by concentrating its marketing and business on local residents, which will be the organizations target market. This will create a healthy, stable revenue base that will ensure the stability of Slice Bakery. In addition tourists are expected to comprise aproximately25% of the total revenue collected. Good visibility and competitive products and services are crucial in order to capture this segment of the market. Financial Considerations Slice Bakery and Juices is expected to raise $90,000 of its own capital and to borrow $110,000 guaranteed by the National Bank of Kenya s a ten year loan. The company anticipates sales of around $485,000 in the first year, $570,000 in the second year and $660,000 in the third year. The organization should break even by the fourth month of business as it steadily increases its revenue. Profits for this period are anticipated to be approximately $12,000 in year one, $31,000 by year two and $48,000 by year three. Slice bakers does not expect cash flow problems Mission Slice Bakery and Juices aims to offer high quality fresh juice and pastry products at a reasonable price to meet the demand of middle and high income area residents and tourists. Keys to Success The following are needed to make Slice Bakers and Juices a success: Provide the highest possible quality product with excellent customer services. Competitive pricing. COMPANY SUMMARY Slice Bakery and Juices is a bakery and juice shop managed by three partners. These partners represent sales management and financeadministration food and beverage. The partners will provide capital from their own savings which will cover up the start up expenses and also provide a safety net for the first few months of business. A ten year small business administration loan will cover the remaining costs. Slice Bakery and Juices plans to build a small market position within the city due to the mild competition in the business area of Nairobi. Company Ownership Slice Bakery and Juices is incorporated in the city of Nairobi. It is equally owned by its three partners. Start Up Summary Slice Bakery and Juices financing will come from the partners capital and the ten year loan from the National Bank of Kenya. The following diagram and table below illustrate the organizations projected initial start up costs. Start-Up Requirements Start up expenses: Legal- $2,000 Premise Renovation- $25,000 Expensed equipment- $37,000 Other- $1,000 Total start-up expenses- $65,000 Start-Up Assets Cash Required- $63,000 Other current assets- $10,000 Long term assets-$65,000 Total assets- $138,000 Total Requirements- $208,000 Funding Start up expenses- $65,000 Start-Up Assets $138,000 Total funding needed- $208,000 Assets Non-cash assets from start-up- $65,000 Cash requirements from start-up- $73,000 Total assets- $138,000 Liabilities and capital liabilities Current borrowing- $0 Long tem liabilities $110,000 Accounts payable- $900 Other current liabilities- $0 Total liabilities- $110,900 Capital Planned investment Mr. David Williams- 30,300 Mr. Arnold Mwangi- 30,300 Mrs. Felicia Wanjiku- 30,300 Other- $0 Additional required investment- $0 Total Planned investment- $90,900 Loss at start up (start-up expenses) $65,000 Total capital- $25,900 Total capital and liabilities- $135,900 Total funding- $208,000 PRODUCTS Slice Bakery and Juices offers a vast range of juices all from a good quality farms in Africa. The organization caters for its customers by providing them with juice made to suite their individual needs. The bakery provides freshly made pastries and baked products at all times during business hours. Ten to twelve moderately sized batches of various breads and cakes are prepared during the day to assure the availability of freshly baked products at all times. MARKET ANALYSIS SUMMARY Slice Bakery and Juices main focus is on meeting the growing demand of a regular local resident customer demographic, as well as a number of visiting tourists that pass through the area. Market Segmentation Slice Bakery and Juices focuses on the upper and middle income markets, this particular market segment consumes the majority of baked and pastry products. Local Residents Slice Bakery and Juices wants to establish a large regular customer base. This will establish reliable and consistent revenue to ensure stability of the establishment. Tourists Tourists are expected to comprise aproximately25% of the total revenue collected. Good visibility and competitive quality products and services are crucial in order to capture this market segment. Market Analysis The previous chart and table outline the total market potential of the above customer segments Target Market Segment Strategy The dominant selected market for Slice Bakery and Juices is a regular flow of local residents. Personal and respectful customer service at a competitive price is the key in maintaining the local market share. Market Needs Since Nairobi has a worm climate for most of the year, cool drinks are very much in demand. Much of the days activity occurs in the morning just before 9:30am with a steady flow for the rest of the day. Service Business Analysis The Fresh juice industry in Nairobi has recently experienced very fast growth. The worm equatorial temperature in Nairobi stimulates the regular consumption of cool drinks. Juice Drinkers in the greater Nairobi city area are finicky about the quality of Juice offered at the numerous Fruit stalls across the area. Despite low competition in the current areal, Slice Bakery and Juices will be located at a place where customers can enjoy a glass of freshly made fruit/vegetable juice with freshly baked cakes in a relaxing environment. Competition and Buying Patterns Competition in the area is relatively sparse and does not nearly provide the quality of products and customer services as Slice Bakery and Juices. Local area customers are looking for a high quality product in a peaceful atmosphere. Leading competitors purchase and squeeze an array of fruits from around the world, make fruit and vegetable salads, a variety of pastries in quality packages and a line of premium packed cocktail drinks(both alcoholic and non-alcoholic). In addition to the companies sales through company operated retail shops Large chain companies vary their product mix depending on the size of each individual store and its location. Larger stores carry a wide selection of fresh juices in various sizes, flavor and types of packaging, as well as an assortment of fruits and fruit blending equipment and accessories. Smaller shops and kiosks generally sell a full line of Juice varieties, a limited selection of alcohol fruit cocktails and a few more accessories. Technologically conversant competitors make fruit juices and fruit related products conveniently available via the internet or mail order. Websites that allow online stores that allow customers to browse and purchase the companys vast array of products and service. STRATERGY AND IMPLIMENTATION SUMMERY Slice Bakery and Juices will eventually succeed by offering consumers high quality juices, bread and pastries with personal service at a reasonable and competitive price. Competitive Edge Slice Bakery and Juices is the relatively low level of competition in the city area targeting this particular demographic. Sales Strategy As the graphs below show, Slice Bakery and Juices expects sales of about $485,000 in the first year, $570,000 in the second year and $660,000 in the third year. C:Documents and SettingsChifMy DocumentswORK_ONLINE2a22e7554c0a4224b23f7935f16cfd66.png C:Documents and SettingsChifMy DocumentswORK_ONLINEgraph.png Sales Forecast Year 1 Year 2 Year 3 Unit Sales Juices 135,000 148,500 163,350 Pastry Items 86,000 94,600 104,060 Other 0 0 0 Total Unit Sales 221,000 243,100 267,410 Unit Prices Year 1 Year 2 Year 3 Juices $3.00 $3.15 $3.31 Pastry Items $1.00 $1.05 $1.10 Other $0.00 $0.00 $0.00 Sales Juices $405,000 $467,775 $540,280 Pastry Items $86,000 $99,330 $114,726 Other $0 $0 $0 Total Sales $491,000 $567,105 $655,006 Direct Unit Costs Year 1 Year 2 Year 3 Juices $0.25 $0.26 $0.28 Pastry Items $0.50 $0.53 $0.55 Other $0.00 $0.00 $0.00 Direct Cost of Sales Juices $33,750 $38,981 $45,023 Pastry Items $43,000 $49,665 $57,363 Other $0 $0 $0 Subtotal Direct Cost of Sales $76,750 $88,646 $102,386 Management Summary Mr. David Williams has extensive experience in marketing, sales and management and was the vice chairman of Eveready Batteries and Harper foods. Mr. Arnold Mwangi is experienced in finance and administration and was previously the chief financial officer with both Luigis Cafà © and Willy Pastries. Mrs. Felicia Wanjiku is a well respected pastry chef with vast knowledge and experience in the field, she formerly worked at Lagoon beach resort in the Kenyan coast as the head pastry chef. Personnel Plan As the personnel plan illustrates,à Slice Bakery and Juices expects to make significant investments in sales, sales support, and product development personnel. Managers $100,000 $105,000 $110,250 Pastry Bakers $40,800 $42,840 $44,982 Baristas $120,000 $126,000 $132,300 Other $0 $0 $0 Total People 10 10 10 Total Payroll $260,800 $273,840 $287,532 Financial Plan Slice Bakery and Juices expects to raise $90,900à of its own capital, and to borrow $110,000 guaranteed byà the National Bank of Kenya as a ten-year loan.à This provides the bulk of the current financing required. Break-even Analysis Slice Bakery and Juices Break-even Analysis is based on the basic average of the first-yearà figures for total sales by units, and by operating costs. These are presented as per-unit revenue, per-unit price, and fixed costs.à These conservative assumptions make room for a more accurate estimate of real risk. Slice Bakery and Juices should break even by theà fourth month of its operation as it slowlyà increases its sales. http://www.bplans.com/bakery_business_plan/images/73ebe304715e411d80d3e39ff995c767.png Break-even Analysis Monthly Units Break-even 17,255 Monthly Revenue Break-even $38,336 Assumptions: Average Per-Unit Revenue $2.22 Average Per-Unit Variable Cost $0.35 Estimated Monthly Fixed Cost $32,343 Projected Profit and Loss As the Profit and Loss table shows,à Slice Bakery and Juices expects to continue itsà steady rise inà profitability over the next three years of business. Pro Forma Profit and Loss Year 1 Year 2 Year 3 Sales $491,000 $567,105 $655,006 Direct Cost of Sales $76,750 $88,646 $102,386 Other $0 $0 $0 Total Cost of Sales $76,750 $88,646 $102,386 Gross Margin $414,250 $478,459 $552,620 Gross Margin % 84.37% 84.37% 84.37% Expenses Payroll $260,800 $273,840 $287,532 Sales and Marketing and Other Expenses $27,000 $35,200 $71,460 Depreciation $60,000 $69,000 $79,350 Utilities $1,200 $1,260 $1,323 Payroll Taxes $39,120 $41,076 $43,130 Other $0 $0 $0 Total Operating Expenses $388,120 $420,376 $482,795 Profit Before Interest and Taxes $26,130 $58,083 $69,825 EBITDA $86,130 $127,083 $149,175 Interest Expense $10,000 $9,500 $8,250 Taxes Incurred $3,111 $12,146 $15,650 Net Profit $13,019 $36,437 $45,925 Net Profit/Sales 2.65% 6.43% 7.01%
Friday, October 25, 2019
International Criminal Court Essay -- United Nations Papers
International Criminal Court Allegations of war crimes, genocide, and crimes against humanity have undoubtedly received unprecedented press coverage in recent years ââ¬â more than at any time since Nuremberg. This is not because the incidences of such barbarities have increased, but simply because those crimes are brought to us more rapidly these days by the electronic media. Since the early 1990ââ¬â¢s the international community has witnessed of a variety of criminal tribunals that were meant to promote peace-making and political transition in situations of gross violations of human rights and armed conflict among ethnical or religious groups. This tendency led to the establishment by the UN of two ad hoc Tribunals-for the former Yugoslavia and for Rwanda-and of the International Criminal Court (ICC). There was also a proliferation of 'mixed' judicial bodies-in Cambodia, Sierra Leone, Kosovo and East Timor-composed of both national and international judges and enforcing domestic as well as international criminal law. It is perhaps most cynical to assert that transitional societies, convalescing from conflict or moving from oppression towards democracy, have developed a variety of ways of dealing with past war crimes and human rights abuses. Irrefutably they have united the short-term and long-term goals of ending the conflict and preventing its recurrence, and achieving social stability and reconciliation. Almost a century after the idea for such a body had first been mooted, on 17 July 1998, to the acclaim of many; a permanent International Criminal Court (ICC) was born at last in Rome. The adoption on that day of the Court's Statute... ...rnatives to prosecution it is difficult to express a preference among them, other than the vague notion that "perhaps the challenge is to meet a basic need for balance and wholeness." Neither the "one size fits all" prosecutorial strategy, nor a uniform preference for amnesty or some non-juridical alternative in every case, would be justifiable. Circumstances differ, and circumstances matter. Atrocities, whether committed abroad or at home, are almost by definition highly unusual. For precisely that reason, their resolutions should be too. Ironically, perhaps, a court that is very similar to these from a legal point of view is likely to soon be established in Iraq. You make some good and thought-provoking points, but your language is not always as clear as it might be. Clarity is of supreme importance in law!
Thursday, October 24, 2019
Economic Cycle From 1984 To 1986 Essay
We can first define economic cycles as the reoccurrence of the expansion or contraction of a countries economy. We still have to look at the view of Wesley Mitchell who is the most famous in the research on economic cycles. He defined business cycle as; Business cycles are a type of fluctuation found in the aggregate economic activity of nations that organize their work mainly in business enterprises; a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions, and revivals which merge into the expansion phase of the next cycle; this sequence of changes is recurrent but not periodic; in duration business cycles vary from more than one year to ten or twelve years; they are not divisible into shorter cycles of similar character with amplitudes approximately their own. (Burns and Mitchell, 1946, p. 3) In this paper, we would be looking at the economic cycle of the U. S economy between 1984 to 986. Nevertheless, before going into the economic cycle that existed from 1984 to 1986, it is clear that in our present time the economy of now pulls the same trends with that of the 1980s. The present fiscal states bears the same tends too, with the borrowing made by government to come down following the substantial years of borrowing. The PSBR declined and surpluses were reached as the 1980s progressed. Surpluses were projected to continue on the grounds of unchanged policies. __________________ 1. Bruce T. Grimm, ââ¬Å"Alternative Measures of U. S. Economic Activity in Business Cycles and Business Cycle Dating,â⬠BEA Working Papers 0024, Bureau of Economic Analysis. 2005. Nevertheless, this was not the same in the early 1990s, as public finances had deteriorated markedly with the deficit reaching 7 per cent of GDP in 1993-94. Not withstanding we have to look at the topic on board and discuss on the cycles of 1984-1986. ECONOMIC CYCLE IN 1984 The economy of the United State rocketed at a fast pace for nearly two decades as the wallets of consumers went fat and it was all about shopping spree . This was all about the recession of the 1980s with specification to the year 1984. The increased pace of growth did not only reflect on the mode of shopping but on the spending done on business. From 1984 to 1986, there was a rapid increase in employment. The increase was so rapid that many analysts to term the United States economy as the American job machine. However, as the rate of employment increased, many still did not benefit from the expansion. Among the less educated young men, unemployment rose and the rate of labor force participating decreased. Though there were enough jobs, many still argued the quality and measurement of the American job in terms of wage, benefits, and job security was decreasing. There was a decrease in high paying jobs in the manufacturing sector and there were more of low paying jobs. There was a growth in part-time and temporary jobs and the less skilled workers were like an erosion of job quality. By the early part of 1984, America experienced the new period of sustained growth since World War II. The tax cut made by government increased the rate of spending done by consumers. ______________________ 2. Burns, Arthur, and Mitchell, Wesley. Measuring Business Cycles. New York: National Bureau of Economic Research. (1946). GNP increased at an annual rate of 4. 2 percent except for the decline in 1986 to fewer than 2 percent. This was the lowest in the decade. The rate of inflation was between three to five percent and the economy produced 13 million jobs. ECONOMIC CYCLE 1985 The economy of the United States continued in an upward trend from 1984 to 1986. This continued in 1985 though in a slow trend in the early year. Nevertheless, as the economic growth continued due to healthy growth and the demand for goods and services, the domestic production suffered because most goods available where imports. The second half of the year was also accompanied with steady growth that lead to the expectation of a continued growth into 1986. Now, looking into the economy in 1985, it was noticed that the first half of the year had a sluggish growth. The GNP of the last half of 1984 rose by 3 percent but that of the first half of 1985 was rose only by 1%. The worsening of the export sector and the decline in inventory investment in first half largely offset a moderately strong increase in the purchase of domestic product goods and services. These included government purchases, business fixed investment, consumption expenditures and residential constructions. Most of the strength in purchases where provided by U. S households. This is due to the strong growth in consumption and the increase in spending done on residential projects. By the second half of the year in 1985, the economic growth has quickened with a 4. 3 percent rise in the GNP at third quarter. The domestic final purchase increased more than that of the first half and the was a decline the rate of export. Because of the sharp _____________________ 3. Balke, Nathan S & Gordon, Robert J. ââ¬Å"The Estimation of Prewar Gross National Product: Methodology and New Evidenceâ⬠. February 1989. Journal of Political Economy, University of Chicago Press, vol. 97(1), pages 38-92. rundown in the domestic stocks for automobile, inventory investment, decline more than that of the first half. The governmentââ¬â¢s purchases of goods and services in the third quarter were also a sharp contributor to the purchase of domestic final products. The rise in government purchase was because of the increased use of Commodity Credit Corporation Loans by farmers and large increase in defense purchases. Residential fixed investment also increased and while nonresidential fixed investments declined. Expenditures done on personal consumption products increased strongly in third quarter of 1985. The economic growth pace in 1985 was a steady one and it was about 2. 5 percent. This was lower than that of 1984. The growth in domestic purchase increase because of the demand for personal consumption was high. Resource use and Inflation In 1985, the growth in output was not strong enough to reduce the underuse of resources. The rate of unemployment for the civilians fell from 7. 2 percent to 7 percent in November. Manufacturing employment declined and the payroll for nonfarm jobs increased moderately. The rate of capacity utilization in industries, which was another measure of resources use declined at about one percent point. This reflected the greater slack present in the industrial sector than in the social economy. The inflation rate was checked by the slack in the economy this was combined with the strong dollar prices on import and imports competing goods. There was a moderate in increase in the rate of labor cost and the favorable performance for food and energy prices contributed to the level of inflation in 1985. The broadest general price index _____________________ 4. Cacy, J. A. , Glenn, H. M. , and Dan, H. H. ââ¬Å"Economic Review: The U. S. Economy in 1985 and 1986â⬠. December 1985. increased by 3. 75 percent annual rate over the first three quarters of 1985. the price of finished goods sold at wholesale rose by 1. 5 percent in November. This was higher in than that of 1984. The prices of food product declined significantly and there was a slight drop in energy prices. In summary, the year 1985 saw moderate U. S. demand growth being changed to a sluggish out put growth. This was because of the worsening rate of export and inventory investment. The sluggish output growth kept a large amount of resource idle. The total slack experienced in the economy, the direct influence of strong dollar, the weak food prices, and the weak energy prices restrained the rate of price inflation.
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