doc version - Brad DeLong`s Website
... As of the end of 1999, forecasts of U.S. GDP in 2000 put it at $9,300 billion, which with 142 million workers (employed plus unemployed) comes to an annual real GDP per worker (measured in dollars of the year 2000's purchasing power) of $65,540. Back in 1890, a little more than a century ago, the sp ...
... As of the end of 1999, forecasts of U.S. GDP in 2000 put it at $9,300 billion, which with 142 million workers (employed plus unemployed) comes to an annual real GDP per worker (measured in dollars of the year 2000's purchasing power) of $65,540. Back in 1890, a little more than a century ago, the sp ...
Le principali grandezze macroeconomiche I
... • In some period growth can be negative (economic recession) (technically there is a recession if growth is negative for two consecutive trimesters) • Growth rate can vary across countries and periods ...
... • In some period growth can be negative (economic recession) (technically there is a recession if growth is negative for two consecutive trimesters) • Growth rate can vary across countries and periods ...
2nd Quarter 2015
... All three countries have been able to decrease their unemployment rate by around two percentage points, with a strong impact on consumer sentiment (figure 1). The recovery process underway started with exports. In Spain, export growth led to a consumption recovery and finally to higher investment ac ...
... All three countries have been able to decrease their unemployment rate by around two percentage points, with a strong impact on consumer sentiment (figure 1). The recovery process underway started with exports. In Spain, export growth led to a consumption recovery and finally to higher investment ac ...
Principles of Economics II – Macroeconomics Homework #1: Ch 23
... b. Calculating the percentage change in nominal GDP: Percentage change in nominal GDP in 2009 = [($400 − $200)/$200] 100 = 100%. Percentage change in nominal GDP in 2010 = [($800 − $400)/$400] 100 = 100%. Calculating the percentage change in real GDP: Percentage change in real GDP in 2009 = [($4 ...
... b. Calculating the percentage change in nominal GDP: Percentage change in nominal GDP in 2009 = [($400 − $200)/$200] 100 = 100%. Percentage change in nominal GDP in 2010 = [($800 − $400)/$400] 100 = 100%. Calculating the percentage change in real GDP: Percentage change in real GDP in 2009 = [($4 ...
Slide 1
... Takes account of “activities that are missing from basic data used to compile the national accounts because they are underground, illegal, informal, household production for final use, or due to deficiencies in the basic data collection system.” These comprise the NOE. Sets out methods to measure NO ...
... Takes account of “activities that are missing from basic data used to compile the national accounts because they are underground, illegal, informal, household production for final use, or due to deficiencies in the basic data collection system.” These comprise the NOE. Sets out methods to measure NO ...
ECONOMIC INSIGHT MONTHLY BRIEFING FROM ICAEW’S ECONOMIC ADVISERS DECEMBER 2011
... 8 illustrated in Figure 4. The UK tends to sell around half of its merchandise exports to the euro area, while ...
... 8 illustrated in Figure 4. The UK tends to sell around half of its merchandise exports to the euro area, while ...
Bank of England Inflation Report August 2007
... Based on estimates between 1993 Q1 and 2004 Q4. Correlation between annual growth rate in first Quarterly National Accounts estimate and latest estimate. Signal to noise ratio defined as variance of latest estimate of annual growth divided by variance of revisions to first Quarterly National Account ...
... Based on estimates between 1993 Q1 and 2004 Q4. Correlation between annual growth rate in first Quarterly National Accounts estimate and latest estimate. Signal to noise ratio defined as variance of latest estimate of annual growth divided by variance of revisions to first Quarterly National Account ...
Primary sector - Ruapehu District Council
... The number of business units associated with the top five industries fell from 668 in 2004 to 509 in 2014. This represents a fall of 24 percent throughout the decade or the equivalent of 2.7 percent per annum. While sheep-beef cattle farming had fewer business units than in 2013, it posted positive ...
... The number of business units associated with the top five industries fell from 668 in 2004 to 509 in 2014. This represents a fall of 24 percent throughout the decade or the equivalent of 2.7 percent per annum. While sheep-beef cattle farming had fewer business units than in 2013, it posted positive ...
Inflation Matters: Levels & Types – What can monetary
... the real sector and Employment South Africa represents an extreme level of financial development or financialization Financialization is neither necessary nor sufficient for long-term economic growth The US economy grew very fast during the 1960s when financialization was low but experienced s ...
... the real sector and Employment South Africa represents an extreme level of financial development or financialization Financialization is neither necessary nor sufficient for long-term economic growth The US economy grew very fast during the 1960s when financialization was low but experienced s ...
Work Plan for Preparing the Guidebook on the Use of
... and GDP estimated through this framework o Accounts are compiled until net lending (capital account) for the overall economy, rest of the world and general government. The accounts of overall economy will give estimates of GNI, gross national disposable income and savings. o Production and generatio ...
... and GDP estimated through this framework o Accounts are compiled until net lending (capital account) for the overall economy, rest of the world and general government. The accounts of overall economy will give estimates of GNI, gross national disposable income and savings. o Production and generatio ...
Star-01042006b
... 25. Revenue from the tourism industry has almost doubled between 2001 and 2005. To maintain this momentum, we will develop Malaysia as a main international tourist destination, while enhancing domestic tourism. Malaysia’s advantage as a centre for conferences, event organisation, sports facilities, ...
... 25. Revenue from the tourism industry has almost doubled between 2001 and 2005. To maintain this momentum, we will develop Malaysia as a main international tourist destination, while enhancing domestic tourism. Malaysia’s advantage as a centre for conferences, event organisation, sports facilities, ...
GDP - Eilya Torshizian`s Blog
... (d) Explain fully whether or not Real GDP figures of a developed country and an underdeveloped country can be used to measure the relative prosperity of people living in those two countries in a meaningful manner. The real GDP figures cannot be used meaningfully to compare the relative prosperity l ...
... (d) Explain fully whether or not Real GDP figures of a developed country and an underdeveloped country can be used to measure the relative prosperity of people living in those two countries in a meaningful manner. The real GDP figures cannot be used meaningfully to compare the relative prosperity l ...
Gross domestic product
... Whereas nominal GDP refers to the total amount of money spent on GDP, real GDP refers to an effort to correct this number for the effects of inflation in order to estimate the sum of the actual quantity of goods and services making up GDP. The former is sometimes called "money GDP," while the latter ...
... Whereas nominal GDP refers to the total amount of money spent on GDP, real GDP refers to an effort to correct this number for the effects of inflation in order to estimate the sum of the actual quantity of goods and services making up GDP. The former is sometimes called "money GDP," while the latter ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... increases in demand and thus will certainly bring about increases in outputs, all other things being equal (Lin and Li, 2007). It is important to note that though this method is highly refined and robust, it has not been commonly used. This is to some extent because of the remnant of Say‟s law in pe ...
... increases in demand and thus will certainly bring about increases in outputs, all other things being equal (Lin and Li, 2007). It is important to note that though this method is highly refined and robust, it has not been commonly used. This is to some extent because of the remnant of Say‟s law in pe ...
1 Aggregate Consumption, Aggregate Demand, GDP and the
... So far all we’ve done is considered the levels of C, AEP, and GDP, but what import do these levels hold other than to understand the placement of different components of our economy on a graph. To consider this further and to begin to interpret these levels in respect to macroeconomic policy issues ...
... So far all we’ve done is considered the levels of C, AEP, and GDP, but what import do these levels hold other than to understand the placement of different components of our economy on a graph. To consider this further and to begin to interpret these levels in respect to macroeconomic policy issues ...
File
... 9. In computing gross domestic product, private transfer payments are excluded because they do not represent payments for currently produced goods and services. T F 10. The two approaches to the measurement of the gross domestic product yield identical results because one approach measures the total ...
... 9. In computing gross domestic product, private transfer payments are excluded because they do not represent payments for currently produced goods and services. T F 10. The two approaches to the measurement of the gross domestic product yield identical results because one approach measures the total ...
Chinese economic reform
The Chinese economic reform (simplified Chinese: 改革开放; traditional Chinese: 改革開放; pinyin: Gǎigé kāifàng; literally: ""Reform & Opening up"") refers to the program of economic reforms called ""Socialism with Chinese characteristics"" in the People's Republic of China (PRC) that was started in December 1978 by reformists within the Communist Party of China (CPC) led by Deng Xiaoping.China had one of the world's largest and most advanced economies prior to the nineteenth century. In the 18th century, Adam Smith claimed China had long been one of the richest, that is, one of the most fertile, best cultivated, most industrious, most prosperous and most urbanized countries in the world. The economy stagnated since the 16th century and even declined in absolute terms in the nineteenth and much of the twentieth century, with a brief recovery in the 1930s.Economic reforms introducing market principles began in 1978 and were carried out in two stages. The first stage, in the late 1970s and early 1980s, involved the decollectivization of agriculture, the opening up of the country to foreign investment, and permission for entrepreneurs to start businesses. However, most industry remained state-owned. The second stage of reform, in the late 1980s and 1990s, involved the privatization and contracting out of much state-owned industry and the lifting of price controls, protectionist policies, and regulations, although state monopolies in sectors such as banking and petroleum remained. The private sector grew remarkably, accounting for as much as 70 percent of China gross domestic product by 2005. From 1978 until 2013, unprecedented growth occurred, with the economy increasing by 9.5% a year. The conservative Hu-Wen Administration more heavily regulated and controlled the economy after 2005, reversing some reforms.The success of China's economic policies and the manner of their implementation has resulted in immense changes in Chinese society. Large-scale government planning programs alongside market characteristics have minimized poverty, while incomes and income inequality have increased, leading to a backlash led by the New Left. In the academic scene, scholars have debated the reason for the success of the Chinese ""dual-track"" economy, and have compared them to attempts to reform socialism in the East Bloc and the Soviet Union, and the growth of other developing economies.