Consider how a currency appreciation might affect national income Essay

Consider how a currency appreciation might affect national income - Essay Example Currency Appreciation and National Income Currency appreciation may lead to an increase or a decrease in national income. According to Visser and Visser (2004, p. 58), currency appreciation improves the terms of trade in favour of the nation whose currency is appreciating. What this means is that there is likelihood of imported increasing in volume than the exported goods. This might play out negatively against the nation income considering the fact that GDP = C + I + G + EX – IM Whereby GDP = gross domestic product C = the sum of personal consumption expenditures, I = the private investment expenditures, G = the government consumption expenditures, EX = the expenditures on exports IM = the expenditures on imports To have a clear perspective on this, it should be noted that currency appreciation or depreciation has an effect on key macroeconomic variables which are â€Å"economic growth, employment and inflation† (Glanville & Glanville 2011, p. 369). Currency Appreciati on and Economic Growth An appreciation of a currency will affect the demand for export goods and supply of import goods. In both cases, the economy of the nation whose currency is appreciating is on the receiving end (Glanville & Glanville 2011. p. 369). ... ore imports without necessarily having to pay more money – the amount of money they used in the past to buy a certain volume of imports will now fetch a bigger volume of the same. Due to human nature, or more precisely according to the basic laws of economics, the local consumers will shift their demand from local goods to imported goods. This will certainly have an adverse effect on the local industries as the demand for their products falls. Incorporating this effect on the following equation - GDP = C + I + G + EX – IM - means that GDP is lowered (C, I and G are reduced while IM increases). Currency appreciation and exported goods The exports of a nation whose currency is appreciating will become more expensive in foreign markets. Because the currency has appreciated, foreign importers (those buying local good for foreign markets) will have to pay more for the same volume of goods they used to demand before the appreciation of the currency. In such a situation, the f oreign importers will either continue to buy the local goods or will seek alternatives such as getting the goods from different countries where prices are lower or stopping their import business all together. The world is so much connected and the later solution will be more attractive for any forward thinking consumer or organization. This again will see the nation with an appreciating currency lose its export market. Local industries again stand to suffer lower demands of their products. Substituting this effect in the equation GDP = C + I + G + EX – IM shows that the GDP again suffers because EX reduces. Therefore, in the two situations above, it is very clear that an appreciating currency will prompt the local consumers to shift their demand from local goods to exported goods and foreign

Research Summary and Ethical Considerations , consequences of nurses Essay

Research Summary and Ethical Considerations , consequences of nurses working long hours. needs to bequalitative or quantitative study - Essay Example Patients go to the hospital expecting the best of care from the nurses. When this is not the case due to nurses working for long hours, there emerges a cause for concern and immediate remedy. The consequences of nurse working for long hours are prioritized because of the intensity of human suffering that is associated with poor medical attention /care. The purpose of this study is to identify the consequences of long working houses for nurses and how they affect their ability to provide appropriate medical care to patients. Consequently, the goals of this study lead to formation of recommendations that can be adopted to handle the problem at hand. The purpose and the research question are directly related to the problem. Exploring ways to answer the research questions will give relevant information on the nature of the problem and provide insights on ways to deal with it. Qualitative methods such as case study analysis are appropriate in answering these research questions. Basically, the key consideration is how the nurses who work over long hours have behaved over time. The cases will provide information for analysis. There are qualitative and quantitative studies that have concentrated on highlighting the major consequences of long working hour’s for nurses. The school of nursing from the University of Pennsylvania conducted a study in 2012 where 22, 275 nurses were interviewed to give their experiences of working for more than 10 hours. The same study also interviewed patients who had been attended to by the nurses after the elapsing of the recommended working hours. Close to 80% of the nurses reported burnout due to fatigue and said they felt sleepy after working for 12-13 hour shifts. 70% of the patients interviewed reported dissatisfaction with the attention and medical care given to them by the nurses working for long hours. It has also been noted in the research conclusions that not much is done to improve the situation the nurses face. Other