Macroeconomics: Economic Expansion Impact on Job Opportunities

This report delves into the realm of macroeconomics, specifically examining the concept of economic expansion and its multifaceted impacts. It starts by defining economic expansion as a rise in economic activities measured by the real GDP, emphasizing its role in boosting production, resource utilization, and efficiency across various sectors. The report discusses the various factors that drive economic expansion, including technological advancements, monetary and fiscal policies, and credit availability. It highlights the positive effects of expansion on businesses, job creation, and technological advancements, leading to high-paying jobs and organizational development. The report also discusses the expansion over a ten-year period, which led to company growth through opening branches, developing new businesses, and inventing new products using innovative technologies. It explores the impact on the US economy, including a high per capita income and a high standard of living. Additionally, the report considers project management, focusing on the differences between technical and business project management and their relevance to career development. The role of a project manager is critical for project success. This report then analyzes the connections between macroeconomic trends, technological advancements, and career opportunities, providing a comprehensive overview of the economic landscape.

Running head: MACROECONOMICS
MACROECONOMICS
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Discussion
A rise in the level of economic activities is known as economic expansion which is
measured by a rise in level of real GDP. It ensures an upturn in the production and usage of
resources by attaining a level of efficiency in the process of production of goods and services.
The periods are backed by several factors like weather conditions, technical change, monetary
and fiscal policies and the availability of credit or interest rates (Mose). Businesses perform
efficient in such conditions and often hires new people and train them as per the requirement.
Expansion ensures a positive performance the economy with a rise a GDP value. Such efficiency
is very good for career opportunities in the future as it will create more jobs. The sectors are now
technologically more advanced with the provision of high paid jobs that is effective for the
organizational development as per the significant changes in market strategies and outcomes.
An economic expansion for ten years ensured that companies for enlarging their scales of
production by opening branches, developing new businesses and inventing new products by
using innovative technologies that produce goods in bulk amounts at lower cost. This generates
aggregate demand and ensured a high level of income which has worked effectively for career
development opportunities (Breschi, Stefano, and Camilla). The average per capita income is the
highest in US as compared to other economies for being the most productive nation. Large
number of American companies have operation in international market from which it extracts
huge profits. The standard of living has improved with better education and healthcare. These
parameters has worked efficiently in the last ten years such that students are encouraged to study
their desired subject in good universities that has provided great career opportunities.

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Reference List
Breschi, Stefano, and Camilla Lenzi. "The role of external linkages and gatekeepers for the
renewal and expansion of US cities' knowledge base, 1990–2004." Regional Studies 49.5
(2015): 782-797.
Mose, Naftaly Gisore. "Renewable energy and nonrenewable energy consumption, Co2
emissions and economic expansion nexus: further evidence from Kenya." Energy
Economics Letters 4.4 (2017): 36-48.