
Beyond GDP: Valuing what matters and measuring natural capital
... categorised and afforded privileges on account of their GDP, politicians stand or fall based on the trends that GDP takes during their terms, and influential economists provide policy advice both to developed and developing countries on the grounds of the expected impact on GDP. ...
... categorised and afforded privileges on account of their GDP, politicians stand or fall based on the trends that GDP takes during their terms, and influential economists provide policy advice both to developed and developing countries on the grounds of the expected impact on GDP. ...
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... Ratios fell in 1990s (rapid GDP growth outpaced public sector) but grew during! 2000s (ie public spending grew more quickly than GDP – so very rapid expansion ! in public spending indeed). During crash, revenue has declined more quickly than! GDP (revenue over-reliant on construction sector). Expend ...
... Ratios fell in 1990s (rapid GDP growth outpaced public sector) but grew during! 2000s (ie public spending grew more quickly than GDP – so very rapid expansion ! in public spending indeed). During crash, revenue has declined more quickly than! GDP (revenue over-reliant on construction sector). Expend ...
Identifying logical relations
... investment in the United States, they will add a new dimension to the close business relations between the world’s two largest economies. It is my hope that Chinese companies will be firmly implanted in United States and become an integral and valuable part of our country’s economic and social fabri ...
... investment in the United States, they will add a new dimension to the close business relations between the world’s two largest economies. It is my hope that Chinese companies will be firmly implanted in United States and become an integral and valuable part of our country’s economic and social fabri ...
Economic Indicators and Measurements
... Understanding the country’s economy will help you make better personal economic decisions. ...
... Understanding the country’s economy will help you make better personal economic decisions. ...
Sample quiz 1
... (14) In a closed economy with fixed output, when government spending increases: a. b. c. d. ...
... (14) In a closed economy with fixed output, when government spending increases: a. b. c. d. ...
indicator
... indicates the state or level of something that is being measured. For ex GDP per capita is an indicator of the level of output or income per person. • A composite indicator is a summary measure of several dimensions or goals of development. ...
... indicates the state or level of something that is being measured. For ex GDP per capita is an indicator of the level of output or income per person. • A composite indicator is a summary measure of several dimensions or goals of development. ...
Measuring Development
... Gross National Income (GNI): the total income of a country including income and taxes earned both internationally and domestically. ...
... Gross National Income (GNI): the total income of a country including income and taxes earned both internationally and domestically. ...
National Income and Product Accounts – a Double
... GDP because factors of production have already been paid to produce these items. • Only about 1% of GDP, but accounts for more than 50% of the fluctuations in real GDP during recessions. In the 2001 recession, it accounted for more than 100%, meaning that final sales continued to rise during the dow ...
... GDP because factors of production have already been paid to produce these items. • Only about 1% of GDP, but accounts for more than 50% of the fluctuations in real GDP during recessions. In the 2001 recession, it accounted for more than 100%, meaning that final sales continued to rise during the dow ...
Circular Flow and National Income Accounting
... • “GDP is the market value of all final goods and services produces within a country in a given period of time” • Y = C + I + G + NX • Y = GDP • C – Consumption • I – Investment • G – Government Purchases • NX – Net Exports ...
... • “GDP is the market value of all final goods and services produces within a country in a given period of time” • Y = C + I + G + NX • Y = GDP • C – Consumption • I – Investment • G – Government Purchases • NX – Net Exports ...
Macro and the Circular Flow
... Allows for measuring each sector of the economy (banking, agriculture, transportation, etc) by looking at the value added from each step of a multi-step production process. Total = National Output Not as common a measure of overall economic activity as GDP (which is expenditure-based) ...
... Allows for measuring each sector of the economy (banking, agriculture, transportation, etc) by looking at the value added from each step of a multi-step production process. Total = National Output Not as common a measure of overall economic activity as GDP (which is expenditure-based) ...
ECN202 Practice Questions: Macro Measurement (Output)
... e. Imports The dashed line is government spending because it is not volatile – pretty steady increase – and it is increasing slower than the other components of AD. ...
... e. Imports The dashed line is government spending because it is not volatile – pretty steady increase – and it is increasing slower than the other components of AD. ...
Real growth in the Spanish economy was upwardly revised by one
... way, the updating of the Public Administrations Accounts has determined an upward revision of the expenditure in final consumption (from 4.4% to 4.8%). Conversely, the growth of household final consumption expense and non-profit making institutions which serve households (ISFLSH) has increased one t ...
... way, the updating of the Public Administrations Accounts has determined an upward revision of the expenditure in final consumption (from 4.4% to 4.8%). Conversely, the growth of household final consumption expense and non-profit making institutions which serve households (ISFLSH) has increased one t ...
- TestbankU
... b. The unemployment rate rises more in a year when output growth is -2%. c. The unemployment rate at which the rate of inflation does not change is about 6%, considerably larger than zero. d. The slope does not tell us much about whether one economy is better than another. A slope of 0.8 simply says ...
... b. The unemployment rate rises more in a year when output growth is -2%. c. The unemployment rate at which the rate of inflation does not change is about 6%, considerably larger than zero. d. The slope does not tell us much about whether one economy is better than another. A slope of 0.8 simply says ...
States Show Broad Growth, Concentrated Challenges In First Quarter
... By Jeffrey L Garceau TOP FIVE: July 29, 2016 This week, the U.S. Bureau of Economic Analysis released their Gross Domestic Product numbers for each state and region for the first quarter of 2016, which saw increases in GDP for 37 states plus the District of Columbia. The aggregate change for the U.S ...
... By Jeffrey L Garceau TOP FIVE: July 29, 2016 This week, the U.S. Bureau of Economic Analysis released their Gross Domestic Product numbers for each state and region for the first quarter of 2016, which saw increases in GDP for 37 states plus the District of Columbia. The aggregate change for the U.S ...
national economy notes
... Business & the government need to predict the business cycle for various reasons. Business – Build/expand/modernize plants , hiring practices, production goals, etc. ...
... Business & the government need to predict the business cycle for various reasons. Business – Build/expand/modernize plants , hiring practices, production goals, etc. ...
P5.4
... All based on the availability of synthetic and relevant short term data, allow tracking and controlling the economic situation and enable designing policies facing shocks that could have thereafter dramatic impacts on the overall activities in the country. The problem is crucial when it is a concern ...
... All based on the availability of synthetic and relevant short term data, allow tracking and controlling the economic situation and enable designing policies facing shocks that could have thereafter dramatic impacts on the overall activities in the country. The problem is crucial when it is a concern ...
GDP cannot be sole criteria to measure overall
... makers. This is a problematic as GDP takes into account economic performance but does not measure sustainable development, quality of life, human and social capital and wellbeing. Therefore, rather than depending on GDP alone will not help India’s development. India has to develop its own index incl ...
... makers. This is a problematic as GDP takes into account economic performance but does not measure sustainable development, quality of life, human and social capital and wellbeing. Therefore, rather than depending on GDP alone will not help India’s development. India has to develop its own index incl ...
PPT
... actors (households, firms, gov’t) Macro: study of economic systems Diff of perspective, same basic ideas (with caveats) ...
... actors (households, firms, gov’t) Macro: study of economic systems Diff of perspective, same basic ideas (with caveats) ...
Dr. Yetkiner PotatoeLand for the years 2002 and 2003: ECON 202
... Growth rate from 1995 to 2000 is 7.7% and growth rate from 2000 to 2005 is -14.3%. 5. (Adapted from Matthias Doepke, 1999) Indicate for each of the following transactions whether they raise GDP or not. If your answer is YES, which component of GDP increases? Distinguish between personal consumption ...
... Growth rate from 1995 to 2000 is 7.7% and growth rate from 2000 to 2005 is -14.3%. 5. (Adapted from Matthias Doepke, 1999) Indicate for each of the following transactions whether they raise GDP or not. If your answer is YES, which component of GDP increases? Distinguish between personal consumption ...
Lecture 2_ National Income Accounting_Pt 1
... – Goods and services produced domestically • Include output produced by foreigners • Exclude output produced by nationals in a ...
... – Goods and services produced domestically • Include output produced by foreigners • Exclude output produced by nationals in a ...
National Income Accounting
... flow of money. Thus, the import spending is subtracted from GDP. Stats Canada uses Net Exports (X-M) to reconcile spending inside and outside the Canadian economy in calculating GDP. ...
... flow of money. Thus, the import spending is subtracted from GDP. Stats Canada uses Net Exports (X-M) to reconcile spending inside and outside the Canadian economy in calculating GDP. ...
Gross Domestic Product
... Learn two ways to calculate the gross domestic product, and explain why they are equivalent. ...
... Learn two ways to calculate the gross domestic product, and explain why they are equivalent. ...
gdp webquest
... Go to the following website: http://welkerswikinomics.wikifoundry.com/page/Shortcomings+of+GDP Answer the following questions in order to describe some of the shortcomings of GDP: 1. How do economists treat nonmarket transactions as they relate to GDP? 2. What are some examples mentioned? 3. What is ...
... Go to the following website: http://welkerswikinomics.wikifoundry.com/page/Shortcomings+of+GDP Answer the following questions in order to describe some of the shortcomings of GDP: 1. How do economists treat nonmarket transactions as they relate to GDP? 2. What are some examples mentioned? 3. What is ...
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.