GDP per capita and labour utilisation in Australia
... practices, or growth in a sector that is particularly labour intensive. Labour utilisation can also be affected by trends developing towards part-time and casual work as firms become more flexible towards working arrangements. Work/life balance is often citied as reason for lower labour utilisation ...
... practices, or growth in a sector that is particularly labour intensive. Labour utilisation can also be affected by trends developing towards part-time and casual work as firms become more flexible towards working arrangements. Work/life balance is often citied as reason for lower labour utilisation ...
Income Inequality, Corruption, and the Non
... The illegal sector is that whose activities would be in and of themselves illegal, even if they were to be officially reported, e.g. murder, theft, bribery, etc. Some of what falls into the category of corruption fits into this category, but not all. By and large these activities are viewed as unequ ...
... The illegal sector is that whose activities would be in and of themselves illegal, even if they were to be officially reported, e.g. murder, theft, bribery, etc. Some of what falls into the category of corruption fits into this category, but not all. By and large these activities are viewed as unequ ...
Third World Network - the United Nations
... commodity markets. The trigger for these flows is found in the continued monetary policy expansion in the US and other advanced economies, which involves injecting considerable sums of liquidity into the economy (e.g. quantitative easing) and c1ose-to-zero interest rates. The Federal Reserve's creat ...
... commodity markets. The trigger for these flows is found in the continued monetary policy expansion in the US and other advanced economies, which involves injecting considerable sums of liquidity into the economy (e.g. quantitative easing) and c1ose-to-zero interest rates. The Federal Reserve's creat ...
Economic environment - World Trade Organization
... tourism has also meant that large sections of the population have not been able to benefit from the commodity boom. As a consequence, roughly two thirds of the population lives in poverty, despite the government's strong commitment to poverty reduction and even after several years of 5-6% growth. At ...
... tourism has also meant that large sections of the population have not been able to benefit from the commodity boom. As a consequence, roughly two thirds of the population lives in poverty, despite the government's strong commitment to poverty reduction and even after several years of 5-6% growth. At ...
Preparing for the AP Macroeconomics Test Exam Content The AP
... 1. Economic growth – produce more and better goods and services 2. Full employment – suitable jobs for all citizens who are willing and able to work 3. Economic efficiency – achieve the maximum production using available resources 4. Price-level stability – avoid large fluctuations in the price leve ...
... 1. Economic growth – produce more and better goods and services 2. Full employment – suitable jobs for all citizens who are willing and able to work 3. Economic efficiency – achieve the maximum production using available resources 4. Price-level stability – avoid large fluctuations in the price leve ...
Opportunities presented by the low social capital equilibrium
... unsustainable (and ultimately counter-productive). Yet attempts to maintain the status quo may foment severe political and social unrest, and lead to similar economic stagnation. ...
... unsustainable (and ultimately counter-productive). Yet attempts to maintain the status quo may foment severe political and social unrest, and lead to similar economic stagnation. ...
Ch02.pps
... To see how the alternative measures of income relate to one another, we start with GDP and add or subtract various quantities. To obtain gross national product (GNP), we add receipts of factor income (wages, profit, and rent) from the rest of the world and subtract payments of factor income to the ...
... To see how the alternative measures of income relate to one another, we start with GDP and add or subtract various quantities. To obtain gross national product (GNP), we add receipts of factor income (wages, profit, and rent) from the rest of the world and subtract payments of factor income to the ...
Course Outline 7.
... E.g.: Start with the econ. in a full empl. (general) equilib. Pt. E on Fig. 9 pg. 358 --- Y = 10 tril., P = 100 ...
... E.g.: Start with the econ. in a full empl. (general) equilib. Pt. E on Fig. 9 pg. 358 --- Y = 10 tril., P = 100 ...
chapter two
... To see how the alternative measures of income relate to one another, we start with GDP and add or subtract various quantities. To obtain gross national product (GNP), we add receipts of factor income (wages, profit, and rent) from the rest of the world and subtract payments of factor income to the ...
... To see how the alternative measures of income relate to one another, we start with GDP and add or subtract various quantities. To obtain gross national product (GNP), we add receipts of factor income (wages, profit, and rent) from the rest of the world and subtract payments of factor income to the ...
Capital services (cont`d)
... • Purchase of weapons moved from intermediate consumption of government to GFCF • Consumption of fixed capital on existing stock of weapons systems, which will vary across countries, will be addition to GDP ...
... • Purchase of weapons moved from intermediate consumption of government to GFCF • Consumption of fixed capital on existing stock of weapons systems, which will vary across countries, will be addition to GDP ...
S0600631_en.pdf
... This welcome break in the slow-down process poses a new problem for the forecaster. As can be seen in figure 2, two distinct regional patterns emerge from the data: the first one of volatile and decreasing growth rates, the second more stable and providing higher growth. But this recent high growth ...
... This welcome break in the slow-down process poses a new problem for the forecaster. As can be seen in figure 2, two distinct regional patterns emerge from the data: the first one of volatile and decreasing growth rates, the second more stable and providing higher growth. But this recent high growth ...
Public Sector Enterprises and the State Ownership Function
... shareholder, and given that they are in different industries, there are different regulators and control offices, which are in direct and constant communication with each PSE, including Ministries and Authorities. ...
... shareholder, and given that they are in different industries, there are different regulators and control offices, which are in direct and constant communication with each PSE, including Ministries and Authorities. ...
Business Investment
... the pre-existing fleet of equipment accumulated over a decade However, even replacement budgets are cyclical, becoming more generous in prosperous markets and lean in soft markets » Expand capacity to meet higher production levels These are highly cyclic sales, in that if construction is simply ...
... the pre-existing fleet of equipment accumulated over a decade However, even replacement budgets are cyclical, becoming more generous in prosperous markets and lean in soft markets » Expand capacity to meet higher production levels These are highly cyclic sales, in that if construction is simply ...
Interactive Tool
... America and Africa have a low GDP per capita that underestimates average well-being. (The comparisons in the above table are of nominal GDP per capita, not real GDP per capita. As we are comparing per capita figures for the same year there is no need to deflate the nominal figures into real figures. ...
... America and Africa have a low GDP per capita that underestimates average well-being. (The comparisons in the above table are of nominal GDP per capita, not real GDP per capita. As we are comparing per capita figures for the same year there is no need to deflate the nominal figures into real figures. ...
Mankiw 6e PowerPoints
... For this chapter’s intro to the AD/AS model, we use a simple theory of aggregate demand based on the quantity theory of money. ...
... For this chapter’s intro to the AD/AS model, we use a simple theory of aggregate demand based on the quantity theory of money. ...
The R-Word Short paper for Bryon Gaskin
... recession is classified, and that recessions affect people in different locations and industries in different ways. Under most circumstances the time and tested rule of thumb for defining a recession are at least 2 back to back quarters of declining GDP (Word 8). When the author is speaking of “decl ...
... recession is classified, and that recessions affect people in different locations and industries in different ways. Under most circumstances the time and tested rule of thumb for defining a recession are at least 2 back to back quarters of declining GDP (Word 8). When the author is speaking of “decl ...
CHAPTER OVERVIEW
... general conditions in labor markets and the economy as a whole, but is usually focused on the economy’s use of its human resources. Even then it is recognized that under conditions of full employment there is unemployed labor. There is also the potential for confusion as the concept applies to the l ...
... general conditions in labor markets and the economy as a whole, but is usually focused on the economy’s use of its human resources. Even then it is recognized that under conditions of full employment there is unemployed labor. There is also the potential for confusion as the concept applies to the l ...
Transformation in economics
Transformation in economics refers to a long-term change in dominant economic activity in terms of prevailing relative engagement or employment of able individuals.Human economic systems undergo a number of deviations and departures from the ""normal"" state, trend or development. Among them are Disturbance (short-term disruption, temporary disorder), Perturbation (persistent or repeated divergence, predicament, decline or crisis), Deformation (damage, regime change, loss of self-sustainability, distortion), Transformation (long-term change, restructuring, conversion, new “normal”) and Renewal (rebirth, transmutation, corso-ricorso, renaissance, new beginning).Transformation is a unidirectional and irreversible change in dominant human economic activity (economic sector). Such change is driven by slower or faster continuous improvement in sector productivity growth rate. Productivity growth itself is fueled by advances in technology, inflow of useful innovations, accumulated practical knowledge and experience, levels of education, viability of institutions, quality of decision making and organized human effort. Individual sector transformations are the outcomes of human socio-economic evolution.Human economic activity has so far undergone at least four fundamental transformations:From nomadic hunting and gathering (H/G) to localized agricultureFrom localized agriculture (A) to internationalized industryFrom international industry (I) to global servicesFrom global services (S) to public sector (including government, welfare and unemployment, GWU)This evolution naturally proceeds from securing necessary food, through producing useful things, to providing helpful services, both private and public (See H/G→A→I→S→GWU sequence in Fig. 1). Accelerating productivity growth rates speed up the transformations, from millennia, through centuries, to decades of the recent era. It is this acceleration which makes transformation relevant economic category of today, more fundamental in its impact than any recession, crisis or depression. The evolution of four forms of capital (Indicated in Fig. 1) accompanies all economic transformations.Transformation is quite different from accompanying cyclical recessions and crises, despite the similarity of manifested phenomena (unemployment, technology shifts, socio-political discontent, bankruptcies, etc.). However, the tools and interventions used to combat crisis are clearly ineffective for coping with non-cyclical transformations. The problem is whether we face a mere crisis or a fundamental transformation (globalization→relocalization).