
Nigeria Beyond GDP
... with other indices to contextualise the situation on the ground. Of these, the latest to join the basket of indicators is the Social Progress Index (SPI), supported by Michael Porter from the Social Progress Initiative, and it has gained significant popularity and success in measuring and monitoring ...
... with other indices to contextualise the situation on the ground. Of these, the latest to join the basket of indicators is the Social Progress Index (SPI), supported by Michael Porter from the Social Progress Initiative, and it has gained significant popularity and success in measuring and monitoring ...
Part 8
... the final goods and services is the industry’s final demand represented by Y and the industry’s Gross output is the combination of inter industry sales plus the final demand and is represented by an X. The other 2 industries listed follow exactly the same pattern with industry 2 having (X21 + X22 + ...
... the final goods and services is the industry’s final demand represented by Y and the industry’s Gross output is the combination of inter industry sales plus the final demand and is represented by an X. The other 2 industries listed follow exactly the same pattern with industry 2 having (X21 + X22 + ...
Chap22
... Some spending by firms, households, and governments goes for imports, M. This flows to foreign producers it is a leakage from the circular flow at 8 However, the rest of the ...
... Some spending by firms, households, and governments goes for imports, M. This flows to foreign producers it is a leakage from the circular flow at 8 However, the rest of the ...
Document
... GDP Does Not Reflect All Costs Some production and consumption degrades the quality of our environment Negative externalities such as pollution are largely ignored in GDP accounting GDP also ignores the depletion of natural resources ignores the natural capital stock ...
... GDP Does Not Reflect All Costs Some production and consumption degrades the quality of our environment Negative externalities such as pollution are largely ignored in GDP accounting GDP also ignores the depletion of natural resources ignores the natural capital stock ...
Introduction
... GDP allows us to evaluate, with a single number the market value of economic activity This is possible because of the existence of accounting identities, which underpin national accounting ...
... GDP allows us to evaluate, with a single number the market value of economic activity This is possible because of the existence of accounting identities, which underpin national accounting ...
International Seminar at Ottawa, Canada Seminar on Rapid Estimates
... What are the NSO doing to give flash information oh this financial crisis? Statistics Canada experience of communication is a very good way to respond to this question. However, by the users’ point of view, in times of economic crisis, those economic indicators could be released earlier. But, someti ...
... What are the NSO doing to give flash information oh this financial crisis? Statistics Canada experience of communication is a very good way to respond to this question. However, by the users’ point of view, in times of economic crisis, those economic indicators could be released earlier. But, someti ...
Measuring the macroeconomy - E-SGH
... But volunteer services, value of housework and do-it-yourself not included Illegal activities excluded as well (grey or underground economy) How big it is? Could be 25%? ...
... But volunteer services, value of housework and do-it-yourself not included Illegal activities excluded as well (grey or underground economy) How big it is? Could be 25%? ...
Introduction
... GDP allows us to evaluate, with a single number the market value of economic activity This is possible because of the existence of accounting identities, which underpin national accounting ...
... GDP allows us to evaluate, with a single number the market value of economic activity This is possible because of the existence of accounting identities, which underpin national accounting ...
Measuring a Nation`s Production and Income
... forced to sell some of our assets to individuals or governments in foreign countries. We give up more dollars from exports than we receive from imports. Excess dollars in the hands of foreigners are used to buy U.S. assets such as stocks, bonds or real estate. If a country runs a trade surplus with ...
... forced to sell some of our assets to individuals or governments in foreign countries. We give up more dollars from exports than we receive from imports. Excess dollars in the hands of foreigners are used to buy U.S. assets such as stocks, bonds or real estate. If a country runs a trade surplus with ...
Review for Unit 2 Exam KEYGross Domestic Product What are the
... 19. Categorize the following individuals in terms of the type of unemployment (structural, frictional, or cyclical): j. A geologist who is permanently laid off from an oil company due to a change in company policy Structural k. A teacher who leaves one school district to search for a job at a school ...
... 19. Categorize the following individuals in terms of the type of unemployment (structural, frictional, or cyclical): j. A geologist who is permanently laid off from an oil company due to a change in company policy Structural k. A teacher who leaves one school district to search for a job at a school ...
NOMINAL GDP v. REAL GDP
... Real GDP is the inflation/deflation adjusted market value of all final goods and services produced in a given year relative to a base year. Real GDP represents the true purchasing power of our money. It describes how far our money will go. One way to calculate Real GDP is (base year price X curren ...
... Real GDP is the inflation/deflation adjusted market value of all final goods and services produced in a given year relative to a base year. Real GDP represents the true purchasing power of our money. It describes how far our money will go. One way to calculate Real GDP is (base year price X curren ...
Multiple Choices Questions (75%, 3% each) 需求 1) Which of the
... A) The quantity of bottled water demanded increases. B) The quantity of bottled water demanded decreases. C) The demand for bottled water decreases. D) The demand for bottled water increases. Answer: D ...
... A) The quantity of bottled water demanded increases. B) The quantity of bottled water demanded decreases. C) The demand for bottled water decreases. D) The demand for bottled water increases. Answer: D ...
Growth of capital services relative to GDP
... More interesting period appears to be the 1980s Caused by state government financial problems? Accumulated gold plating? ...
... More interesting period appears to be the 1980s Caused by state government financial problems? Accumulated gold plating? ...
Provincial Gross Domestic Product 2010
... The Western province, made the highest contribution to GDP in 2010. However its share in GDP reduced to 45.1 per cent from 45.8 per cent in 2009. As in 2009, Southern province provided the second highest contribution which was 10.7 per cent, an increase compared to 10.5 per cent in 2009. The Centra ...
... The Western province, made the highest contribution to GDP in 2010. However its share in GDP reduced to 45.1 per cent from 45.8 per cent in 2009. As in 2009, Southern province provided the second highest contribution which was 10.7 per cent, an increase compared to 10.5 per cent in 2009. The Centra ...
Measuring Economic Aggregates
... • The business cycle is the cycle of shortterm ups and downs in the economy. • The main measure of how an economy is doing is aggregate output: – Aggregate output is the total quantity of goods and services produced in an economy in a given period. ...
... • The business cycle is the cycle of shortterm ups and downs in the economy. • The main measure of how an economy is doing is aggregate output: – Aggregate output is the total quantity of goods and services produced in an economy in a given period. ...
Spring 2017 Macroeconomics Homework 1 2017. 5. 8
... (1) (3 points)In the final part of Lecture 3 (on page 12), we derived the IS balance (relation) for the economy without any transactions with foreign economies. Derive now the IS balance for the economy with international trade. (Except this, the economy is same as the one studied in the class. For e ...
... (1) (3 points)In the final part of Lecture 3 (on page 12), we derived the IS balance (relation) for the economy without any transactions with foreign economies. Derive now the IS balance for the economy with international trade. (Except this, the economy is same as the one studied in the class. For e ...
ECONOMIC DEVELOPMENT & INTERNATIONAL POLITICS
... • What might be the implications of these questions for the Rudra & Joshi study? ...
... • What might be the implications of these questions for the Rudra & Joshi study? ...
Explain the role of capital investment, education, and
... amount of goods and services produced in the country to has increased fifty-four fold during this one hundred and twenty-five year period. The average annual growth rate in the population during this same period was 1.5%. Consequently real GDP per-person (per capita real GDP) increased by about 1.8 ...
... amount of goods and services produced in the country to has increased fifty-four fold during this one hundred and twenty-five year period. The average annual growth rate in the population during this same period was 1.5%. Consequently real GDP per-person (per capita real GDP) increased by about 1.8 ...
1 INFORMATION ABOUT LIABILITIES OF PUBLIC CORPORATIONS
... According to the 2nd Business Accounts Standard “Balance sheet” the liabilities are defined as a commitment which arises from transactions carried out and other events, which will be carried out and the amount can be measured. The aggregates include only corporations reporting liabilities higher tha ...
... According to the 2nd Business Accounts Standard “Balance sheet” the liabilities are defined as a commitment which arises from transactions carried out and other events, which will be carried out and the amount can be measured. The aggregates include only corporations reporting liabilities higher tha ...
5 priedas Liabilities of public corporations
... Of which by controlling sub-sector Central Government ...
... Of which by controlling sub-sector Central Government ...
DOC - Europa.eu
... from that date, the regional aid ceiling applicable in the 12 other regions that were allowed to maintain higher regional aid ceilings because their GDP per capita had been increased only artificially after the accession of ten Member States on 1 May 2004 (so-called statistical effect regions), whic ...
... from that date, the regional aid ceiling applicable in the 12 other regions that were allowed to maintain higher regional aid ceilings because their GDP per capita had been increased only artificially after the accession of ten Member States on 1 May 2004 (so-called statistical effect regions), whic ...
Output growth differentials within the euro area: are they cyclical or
... developed. As far as the output gap is concerned, it seems that its dispersion decreased significantly in the course of the 1990s, and has remained broadly stable at a low level in the last five years. Regarding trend growth rates, dispersion increased in the course of the 1980s and for most of the ...
... developed. As far as the output gap is concerned, it seems that its dispersion decreased significantly in the course of the 1990s, and has remained broadly stable at a low level in the last five years. Regarding trend growth rates, dispersion increased in the course of the 1980s and for most of the ...
gross domestic product of the czech republic before and after
... research and development, small tools and military assets. The aim of this paper is the introduction of the main changes in the methodology of national accounts and presentation of the first results based on ESA 2010 (Eurostat, 2013) on the historical time series of the Czech GDP. The paper also con ...
... research and development, small tools and military assets. The aim of this paper is the introduction of the main changes in the methodology of national accounts and presentation of the first results based on ESA 2010 (Eurostat, 2013) on the historical time series of the Czech GDP. The paper also con ...
Economics 102 Spring 2013 – Elizabeth Kelly Answers to
... This means the market basket would be $100,000*0.02 + …etc. for the year 1990. (it is okay to use a calculator for the following questions) a) Calculate the market basket expenditures for each year: 1990, 2000, 2010. To calculate market basket expenditure, multiply the average price by the weight fo ...
... This means the market basket would be $100,000*0.02 + …etc. for the year 1990. (it is okay to use a calculator for the following questions) a) Calculate the market basket expenditures for each year: 1990, 2000, 2010. To calculate market basket expenditure, multiply the average price by the weight fo ...
Genuine progress indicator

Genuine progress indicator, or GPI, is a metric that has been suggested to replace, or supplement, gross domestic product (GDP) as a measure of economic growth. GPI is designed to take fuller account of the health of a nation's economy by incorporating environmental and social factors which are not measured by GDP. For instance, some models of GPI decrease in value when the poverty rate increases. The GPI is used in green economics, sustainability and more inclusive types of economics by factoring in environmental and carbon footprints that businesses produce or eliminate. ""Among the indicators factored into GPI are resource depletion, pollution, and long-term environmental damage."" GDP gains double the amount when pollution is created, since it increases once upon creation (as a side-effect of some valuable process) and again when the pollution is cleaned up, whereas GPI counts the initial pollution as a loss rather than a gain, generally equal to the amount it will cost to clean up later plus the cost of any negative impact the pollution will have in the mean time. While quantifying costs and benefits of these environmental and social externalities is a difficult task, ""Earthster-type databases could bring more precision and currency to GPI's metrics."" ""Another movement in economics that might embrace such data is the attempt to 'internalize externalities' - that is, to make companies bear the costs"" of the pollution they create (rather than having the government bear that cost) ""by taxing their goods proportionally to their negative eco-impacts.""GPI is an attempt to measure whether the environmental impact and social costs of economic production and consumption in a country is a negative or positive factor in overall health and well-being. By accounting for the costs borne by the society as a whole to repair or control pollution, poverty and prosperity GPI balances GDP spending against external costs. GPI advocates claim that it can more reliably measure economic progress, as it distinguishes between the overall ""shift in the 'value basis' of a product, adding its ecological impacts into the equation.""(Ch. 10.3)Comparatively speaking, the relationship between GDP and GPI is analogous to the relationship between the gross profit of a company and the net profit; the Net Profit is the Gross Profit minus the costs incurred; the GPI is the GDP (value of all goods and services produced) minus the environmental and social costs. Accordingly, the GPI will be zero if the financial costs of poverty and pollution equal the financial gains in production of goods and services, all other factors being constant.