review sheet for the test
... What is the HDI and what four factors (in three main categories… what are they) are involved in creating it? What is GDP? What is GDP per capita? What does it tell us about a country? Can it be misleading? What is Foreign Direct Investment? What is Purchasing Power Parity? What do we usually use as ...
... What is the HDI and what four factors (in three main categories… what are they) are involved in creating it? What is GDP? What is GDP per capita? What does it tell us about a country? Can it be misleading? What is Foreign Direct Investment? What is Purchasing Power Parity? What do we usually use as ...
FedViews
... The new component is less volatile than business equipment expenditures, which is another key component of investment. Both intellectual property and business equipment investment grow faster than real GDP, which grew at an average rate of 2¾% over the past three decades. But intellectual property i ...
... The new component is less volatile than business equipment expenditures, which is another key component of investment. Both intellectual property and business equipment investment grow faster than real GDP, which grew at an average rate of 2¾% over the past three decades. But intellectual property i ...
Measuring Economic Growth
... • It’s an average for the nation, not particular regions. An unemployment rate of around 4 to 6 percent is normal. What is “full employment” according to economists? • when no cyclical unemployment exists Interactive map of the Recession http://www.latoyaegwuekwe.com/geographyofarecession.html ...
... • It’s an average for the nation, not particular regions. An unemployment rate of around 4 to 6 percent is normal. What is “full employment” according to economists? • when no cyclical unemployment exists Interactive map of the Recession http://www.latoyaegwuekwe.com/geographyofarecession.html ...
spain
... main refinancing operations and its longer-term refinancing operations with maturities of up to six months • increased the number and frequency of longer-term refinancing operations ...
... main refinancing operations and its longer-term refinancing operations with maturities of up to six months • increased the number and frequency of longer-term refinancing operations ...
Chapter 3 - Gallipolis City Schools
... person, the higher the standard of living. U.S. has a high standard of living because of its productive workforce. This goes back to the U.S. having a free-enterprise system, the wealth created by businesses benefits the entire community because of businesses paying taxes and providing jobs. ...
... person, the higher the standard of living. U.S. has a high standard of living because of its productive workforce. This goes back to the U.S. having a free-enterprise system, the wealth created by businesses benefits the entire community because of businesses paying taxes and providing jobs. ...
ECONOMIC ENVIRO NMENT MAY 2012
... Each explanation carries 3 Marks and other points may be considered c) Distinguishing economic growth and Increase in output: Economic growth can result from either an increase in economic resources or from efficient use of existing resources whilst increase in output results from utilization (full ...
... Each explanation carries 3 Marks and other points may be considered c) Distinguishing economic growth and Increase in output: Economic growth can result from either an increase in economic resources or from efficient use of existing resources whilst increase in output results from utilization (full ...
Zero Unemployment2 - Understanding Economy
... This is always a moral question whose answers, and there are many legitimate answers, determine, to a great extent, the happiness or the misery of the entire population. Underlying all of the accounting formulas and theories, economics is a moral philosophy based on care. ...
... This is always a moral question whose answers, and there are many legitimate answers, determine, to a great extent, the happiness or the misery of the entire population. Underlying all of the accounting formulas and theories, economics is a moral philosophy based on care. ...
Suriname_en.pdf
... liabilities. At the end of June 2007, public debt reached around 27% of GDP, of which some 60% was external. Over 2007, a booming export sector and an improved fiscal position have encouraged continuous efforts to minimize new debt contracted by the public sector. External debt stood at US$ 340 mill ...
... liabilities. At the end of June 2007, public debt reached around 27% of GDP, of which some 60% was external. Over 2007, a booming export sector and an improved fiscal position have encouraged continuous efforts to minimize new debt contracted by the public sector. External debt stood at US$ 340 mill ...
Costa Rica_en.pdf
... income rose in the main components. General sales tax receipts were up by 8.9% on the strength of higher revenues from customs duties (up 14.4%) and, to a lesser extent, domestic goods and services (4.3%). Tax proceeds from the consumption of imported goods and services jumped 10.1% and corporate an ...
... income rose in the main components. General sales tax receipts were up by 8.9% on the strength of higher revenues from customs duties (up 14.4%) and, to a lesser extent, domestic goods and services (4.3%). Tax proceeds from the consumption of imported goods and services jumped 10.1% and corporate an ...
below and above MW
... growing concerns about fiscal sustainability, countries should also make progress in devising and communicating exit strategies.” ...
... growing concerns about fiscal sustainability, countries should also make progress in devising and communicating exit strategies.” ...
Chapter 12 - Production and growth
... This figure shows how the amount of capital per worker influences the amount of output per worker. Other determinants of output, including human capital, natural resources, and technology, are held constant. The curve becomes flatter as the amount of capital increases because of diminishing returns ...
... This figure shows how the amount of capital per worker influences the amount of output per worker. Other determinants of output, including human capital, natural resources, and technology, are held constant. The curve becomes flatter as the amount of capital increases because of diminishing returns ...
Sectors of the economy
... Those who have savings present their ‘good’ to those who want to use the funds for productive purposes. The price to obtain savings from depositor’s is ‘interest earned’. The price to obtain business loans from financial institutions is ‘interest paid.’ ...
... Those who have savings present their ‘good’ to those who want to use the funds for productive purposes. The price to obtain savings from depositor’s is ‘interest earned’. The price to obtain business loans from financial institutions is ‘interest paid.’ ...
Macroeconomic Concepts
... The basic measure of a nation’s economic growth rate is the percentage change of ________ over a given period of time. The __________ is the percentage change in price level over time. A nation’s __________ rate is an important indicator of the health of the economy. The Bureau of Labor Statistics _ ...
... The basic measure of a nation’s economic growth rate is the percentage change of ________ over a given period of time. The __________ is the percentage change in price level over time. A nation’s __________ rate is an important indicator of the health of the economy. The Bureau of Labor Statistics _ ...
I-Day 2012 Economic Outlook
... • The federal government needs to balance the need for further stimulus in the short term with the need for ...
... • The federal government needs to balance the need for further stimulus in the short term with the need for ...
Ireland in Emu: More Shocks, Less Insulation?
... Celtic Tiger period was not just an artefact of inward FDI boom and the low company tax rate (or even the structural funds) – these helped smooth the way, and have shaped important features of the economy today, but convergence to frontier living standards is more like the norm for an EU country giv ...
... Celtic Tiger period was not just an artefact of inward FDI boom and the low company tax rate (or even the structural funds) – these helped smooth the way, and have shaped important features of the economy today, but convergence to frontier living standards is more like the norm for an EU country giv ...
El_Salvador_en.pdf
... More dynamic growth in the maquila sector led to a nominal increase of 5.6% in imports between January and September, as opposed to growth of 1.6% over the same period in 2012. The balance-of-trade deficit therefore widened by 7.5% in nominal terms over this period (compared with growth of 4.8% unti ...
... More dynamic growth in the maquila sector led to a nominal increase of 5.6% in imports between January and September, as opposed to growth of 1.6% over the same period in 2012. The balance-of-trade deficit therefore widened by 7.5% in nominal terms over this period (compared with growth of 4.8% unti ...
Impact on Advanced Economies
... • Can avoid the economic costs of aging population and the public pension crisis looming for other countries • High growth rates will likely settle down • Can Ireland end its “dual economy,” wean itself from dependence on FDI, and promote productivity spillovers to domestic firms, especially in serv ...
... • Can avoid the economic costs of aging population and the public pension crisis looming for other countries • High growth rates will likely settle down • Can Ireland end its “dual economy,” wean itself from dependence on FDI, and promote productivity spillovers to domestic firms, especially in serv ...
The Economy of Zambia
... • Human capital • Although spending on education and health has increased significantly from 2001 Zambia still lags behind peer countries in years completed • Also poor availability of some specific skills needed by business ...
... • Human capital • Although spending on education and health has increased significantly from 2001 Zambia still lags behind peer countries in years completed • Also poor availability of some specific skills needed by business ...
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).