Posc 220 final exam - Study guides, Class notes & Summaries

POSC 220 FINAL EXAM

Economic Policy term used to describe government actions that are intended to influence the economy of a city, state, or nation Gross Domestic Product represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time. Example: Consumption + Government Expenditures + Investment + Exports Previous Pause Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Brainpower Read More ...

Economic Policy a purposeful goal-oriented course of action taken by government that concerns the production, distribution, and use of material Goals of Economic Policy -Economic Growth -Full Employment -Stable Prices/Deflation/Inflation -Balance of Payments -Structural Changes Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Gross Domestic Product GPD, measurement of economic performance Un...

What is the difference between politics and policy? What do they have to do with each other? -politics is the struggle for power itself or as the means to gain control over the instruments of policy making -policy making is the struggle over ideas and values -policy and policy making process are human inventions What is political culture? What makes American political culture unique? -political culture is the shared political views of an entire culture -american core values come from...