business cycle
... macroeconomic ________ followed by a period of ____________. During the expansion phase, a period of economic ____________ as measured by a rise in real ________ occurs. Once a peak is reached, this is the height of the economic expansion, when the real GDP __________. Then a ___________ occurs wher ...
... macroeconomic ________ followed by a period of ____________. During the expansion phase, a period of economic ____________ as measured by a rise in real ________ occurs. Once a peak is reached, this is the height of the economic expansion, when the real GDP __________. Then a ___________ occurs wher ...
Methodology Notes: Links between GDP and Gross Value Added
... statistical issues relevant to our data in a simple, non-technical way. As well as defining the topic areas, the notes explain when, why and how these methodologies are used within the Office for National Statistics (ONS) . Where possible, we also point the reader to further sources of information. ...
... statistical issues relevant to our data in a simple, non-technical way. As well as defining the topic areas, the notes explain when, why and how these methodologies are used within the Office for National Statistics (ONS) . Where possible, we also point the reader to further sources of information. ...
Chapter 08: Percentage Distributions and Growth Rates
... Gross Domestic Product are also affected, and details of the impact on current price GDP up to 2010 have been provided in an article article. Further impacts for later years will be provided for Chained Volume Measure estimates of GDP and more recent periods during July and August, and the revised f ...
... Gross Domestic Product are also affected, and details of the impact on current price GDP up to 2010 have been provided in an article article. Further impacts for later years will be provided for Chained Volume Measure estimates of GDP and more recent periods during July and August, and the revised f ...
Understanding Basic Economics
... that make automobiles and trucks) (Nigeria has invested heavily in capital goods for its oil industry. New technology is required in order to compete in the global oil market. The concentration on capital goods for this segment of the economy, ...
... that make automobiles and trucks) (Nigeria has invested heavily in capital goods for its oil industry. New technology is required in order to compete in the global oil market. The concentration on capital goods for this segment of the economy, ...
Why-nominal-gdp-matters
... productivity. But for the business community, who need a certain amount of 'near term' focus if they're to see their organizations into the 'long term', nominal GDP is far more important. Here's why: 1. Nominal GDP matters for earnings and revenue. If nominal GDP doesn't grow, revenue can only be in ...
... productivity. But for the business community, who need a certain amount of 'near term' focus if they're to see their organizations into the 'long term', nominal GDP is far more important. Here's why: 1. Nominal GDP matters for earnings and revenue. If nominal GDP doesn't grow, revenue can only be in ...
gross domestic product (gdp) and gross national product (gnp)
... In GDP, the goods and services produced are aggregated in terms of value – that is, in terms of the prices paid by the buyers. Because some goods are used to produce other goods (for example, steel is used in the production of cars), adding up the value of all the products would lead to “double coun ...
... In GDP, the goods and services produced are aggregated in terms of value – that is, in terms of the prices paid by the buyers. Because some goods are used to produce other goods (for example, steel is used in the production of cars), adding up the value of all the products would lead to “double coun ...
Prices and Quantities
... Finance studies portfolio choices of savers (stocks, bonds, etc.) and their implications for asset prices. Corporate finance studies the determinants of the borrowing choices of firms. Savings decisions of households & investment decisions of firms central to business cycles. All decisions must be m ...
... Finance studies portfolio choices of savers (stocks, bonds, etc.) and their implications for asset prices. Corporate finance studies the determinants of the borrowing choices of firms. Savings decisions of households & investment decisions of firms central to business cycles. All decisions must be m ...
CHAPTER 11 Economic Performance 11.1
... How can you compare the value of production in one year with that in other years if prices change over time? What’s the business cycle? What’s the big idea with the national economy? ...
... How can you compare the value of production in one year with that in other years if prices change over time? What’s the business cycle? What’s the big idea with the national economy? ...
Why GDP instead of GNP? From the historical perspective of view
... the trends of economic globalization. In the early establishment of national economic accounting system, labor and capital ‡ow between countries, so countries mainly account the GNP as an indicator of economic. However, with the development of economic globalization, factors of production such as ca ...
... the trends of economic globalization. In the early establishment of national economic accounting system, labor and capital ‡ow between countries, so countries mainly account the GNP as an indicator of economic. However, with the development of economic globalization, factors of production such as ca ...
Slide 1
... Sources: 1950 GDP per capita rankings from The Conference Board & Groningen Growth and Development Centre, Total Economy Database (Sept 2008) 2007 GDP per capita rankings from IMF World Economic Outlook Database (April 2008) 2025 projections based on extrapolation of long term real GDP per capita gr ...
... Sources: 1950 GDP per capita rankings from The Conference Board & Groningen Growth and Development Centre, Total Economy Database (Sept 2008) 2007 GDP per capita rankings from IMF World Economic Outlook Database (April 2008) 2025 projections based on extrapolation of long term real GDP per capita gr ...
Gross Domestic Product
... Most of us would agree that as far as material possession go, Americans are much better today than they were 100 years ago. Economic growth has allowed successive generations to have more and better goods and services than their parents. ...
... Most of us would agree that as far as material possession go, Americans are much better today than they were 100 years ago. Economic growth has allowed successive generations to have more and better goods and services than their parents. ...
Measuring unemployment
... GDP Total market value of all final goods and services produced within a nation in one year. 1. A Measure of Total Production in an economy in that year 2. GDP is the most important gauge of the macro economy Why? Measures a nation’s output These are the goods and services produced by a nation to ...
... GDP Total market value of all final goods and services produced within a nation in one year. 1. A Measure of Total Production in an economy in that year 2. GDP is the most important gauge of the macro economy Why? Measures a nation’s output These are the goods and services produced by a nation to ...
Evaluating Alternatives to GDP as Measures of Social Welfare
... substitution of informal household production by services provided by the market (e.g. child care), increased inequity, natural resource depletion, and the emergence of global environmental problems (global warming, acid rain, biodiversity loss). Both ISEW and the GPI suggest that the costs of econ ...
... substitution of informal household production by services provided by the market (e.g. child care), increased inequity, natural resource depletion, and the emergence of global environmental problems (global warming, acid rain, biodiversity loss). Both ISEW and the GPI suggest that the costs of econ ...
Chapter 1
... World population = 6.7 billion, of which At one extreme, very poor people: • 866 million with not enough food to eat • 1 billion with no safe drinking water • 2.7 billion with no access to health At the other extreme, very rich people: • abundant food and good health. • At times, associated with wor ...
... World population = 6.7 billion, of which At one extreme, very poor people: • 866 million with not enough food to eat • 1 billion with no safe drinking water • 2.7 billion with no access to health At the other extreme, very rich people: • abundant food and good health. • At times, associated with wor ...
Evaluating Alternatives to GDP as Measures of
... substitution of informal household production by services provided by the market (e.g. child care), increased inequity, natural resource depletion, and the emergence of global environmental problems (global warming, acid rain, biodiversity loss). Both ISEW and the GPI suggest that the costs of econ ...
... substitution of informal household production by services provided by the market (e.g. child care), increased inequity, natural resource depletion, and the emergence of global environmental problems (global warming, acid rain, biodiversity loss). Both ISEW and the GPI suggest that the costs of econ ...
Chapter 10 Measuring a Nation`s Income
... • We can compute GDP for this economy in one of two ways: – by adding up the total expenditure by households or – by adding up the total income( wages, rent, and profit) paid by firm. • The actual economy is more complicated than the one illustrated in Figure 10-1. – In particular, households do no ...
... • We can compute GDP for this economy in one of two ways: – by adding up the total expenditure by households or – by adding up the total income( wages, rent, and profit) paid by firm. • The actual economy is more complicated than the one illustrated in Figure 10-1. – In particular, households do no ...
投影片 1 - National Chung Cheng University
... spending of 7 Asian countries. 2. To investigate the factors that could influence government performance. Japan, Singapore, Taiwan, Hong Kong, Malaysia, Thailand, and Korea. ...
... spending of 7 Asian countries. 2. To investigate the factors that could influence government performance. Japan, Singapore, Taiwan, Hong Kong, Malaysia, Thailand, and Korea. ...
I z
... spending of 7 Asian countries. 2. To investigate the factors that could influence government performance. Japan, Singapore, Taiwan, Hong Kong, Malaysia, Thailand, and Korea. ...
... spending of 7 Asian countries. 2. To investigate the factors that could influence government performance. Japan, Singapore, Taiwan, Hong Kong, Malaysia, Thailand, and Korea. ...
problem set 1
... Working with Percentage Changes Economists often examine percentage changes in variables. The percentage change in real GDP from one year to the next, for example, represents economic growth during that year. The percentage change in the CPI or in the GDP deflator measure the rate of inflation for ...
... Working with Percentage Changes Economists often examine percentage changes in variables. The percentage change in real GDP from one year to the next, for example, represents economic growth during that year. The percentage change in the CPI or in the GDP deflator measure the rate of inflation for ...
GDP Notes - MathiasLink
... If in year 2, there are $12,000 dollars in sales of computers – then REAL GDP in year 2 is greater than REAL GDP for year one by a factor of ...
... If in year 2, there are $12,000 dollars in sales of computers – then REAL GDP in year 2 is greater than REAL GDP for year one by a factor of ...
Phases of the Business Cycle
... decreases in the level of business activity of varying amplitude and length • How do we measure “increases and decreases in business activity?” – Percent change in real GDP! ...
... decreases in the level of business activity of varying amplitude and length • How do we measure “increases and decreases in business activity?” – Percent change in real GDP! ...
Irish GDP up by 26.3% in 2015?
... boost to GDP growth has been correspondingly large. Does GDP adequately reflect economic activity? It is because intellectual property can, in principle, be located anywhere that questions have been raised concerning the ability of the conceptual accounting framework used to define GDP to adequately ...
... boost to GDP growth has been correspondingly large. Does GDP adequately reflect economic activity? It is because intellectual property can, in principle, be located anywhere that questions have been raised concerning the ability of the conceptual accounting framework used to define GDP to adequately ...
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.