Impact of HIV/AIDS on Agriculture
... • Agriculture and rural economies are not really taken into account in macroeconomic growth studies – “AIDS-related output losses, income losses, and medical expenditures will be relatively low, corresponding to the relatively low productivity, earnings, and utilization of medical services among the ...
... • Agriculture and rural economies are not really taken into account in macroeconomic growth studies – “AIDS-related output losses, income losses, and medical expenditures will be relatively low, corresponding to the relatively low productivity, earnings, and utilization of medical services among the ...
How Solid Is Economic Growth in the East African Community?
... past decade has been impressive:1 at 6.2 percent, the EAC’s (unweighted) average growth rate in 2004–13 is in the top one-fifth of the distribution of 10-year growth rate episodes experienced by all countries worldwide since 1960. Such performance is even more remarkable taking into account that the ...
... past decade has been impressive:1 at 6.2 percent, the EAC’s (unweighted) average growth rate in 2004–13 is in the top one-fifth of the distribution of 10-year growth rate episodes experienced by all countries worldwide since 1960. Such performance is even more remarkable taking into account that the ...
National Income Accounting Test - uwcmaastricht-econ
... 1. When comparing the GDPs (or the economic growth) of different countries that have very different populations GDP per capita should be used rather than GDP. 2. GDP per capita should also be used when comparing the economic growth (GDP growth) of one single country over a long period of time, to ta ...
... 1. When comparing the GDPs (or the economic growth) of different countries that have very different populations GDP per capita should be used rather than GDP. 2. GDP per capita should also be used when comparing the economic growth (GDP growth) of one single country over a long period of time, to ta ...
Robert 1050
... income equals output in equilibrium so Y also equals x1(t)+p2(t)x2(t). Note that expenditure is exactly equal to C(t)P(t) and world income ii exactly equal to P(t)X(t). ...
... income equals output in equilibrium so Y also equals x1(t)+p2(t)x2(t). Note that expenditure is exactly equal to C(t)P(t) and world income ii exactly equal to P(t)X(t). ...
Japan’s Incipient Transformation 30 September 2004 Robert A. Madsen Center for International Studies
... An Over-Abundance of Capital Gross Savings Rates Percentage of GDP ...
... An Over-Abundance of Capital Gross Savings Rates Percentage of GDP ...
MS Word
... inconclusive because such studies include countries with an inflation rate as low as 1 to 2 per cent to those with inflation rate going beyond 200 to 300 per cent. ...
... inconclusive because such studies include countries with an inflation rate as low as 1 to 2 per cent to those with inflation rate going beyond 200 to 300 per cent. ...
CHAPTER OVERVIEW
... does not rise with prices. D. Savers will be hurt by unanticipated inflation, because interest rate returns may not cover the cost of inflation. Their savings will lose purchasing power. E. Debtors (borrowers) can be helped and lenders hurt by unanticipated inflation. Interest payments may be less t ...
... does not rise with prices. D. Savers will be hurt by unanticipated inflation, because interest rate returns may not cover the cost of inflation. Their savings will lose purchasing power. E. Debtors (borrowers) can be helped and lenders hurt by unanticipated inflation. Interest payments may be less t ...
Macro Unit II Macro Analysis PPT Part III
... THE LONG-RUN AGGREGATESUPPLY CURVE In the long run, an economy’s amount of production of goods and services depends on its supplies of labor, capital, and natural resources and on the available technology used to turn these factors of production into goods and services, plus the gov’t policies that ...
... THE LONG-RUN AGGREGATESUPPLY CURVE In the long run, an economy’s amount of production of goods and services depends on its supplies of labor, capital, and natural resources and on the available technology used to turn these factors of production into goods and services, plus the gov’t policies that ...
Sample
... The text considers a closed economy until Chapter 18, so output is equated with gross domestic product (GDP). Output has three equivalent definitions: (1) the value of final goods and services produced during a given period, (2) the sum of value added during a given period, and (3) the sum of labor ...
... The text considers a closed economy until Chapter 18, so output is equated with gross domestic product (GDP). Output has three equivalent definitions: (1) the value of final goods and services produced during a given period, (2) the sum of value added during a given period, and (3) the sum of labor ...
11 - Weber State University
... 71) Gordon notes that along with slow labor productivity growth in the period 1973-1995, real wages also grew slowly. What sort of productivity shocks are consistent with this explanation of the link between real wage growth and the growth of labor productivity? A) Productivity shocks which decrease ...
... 71) Gordon notes that along with slow labor productivity growth in the period 1973-1995, real wages also grew slowly. What sort of productivity shocks are consistent with this explanation of the link between real wage growth and the growth of labor productivity? A) Productivity shocks which decrease ...
Paul Johnson`s Opening remarks
... announced last year. My colleagues will explain it in more detail. But we shouldn’t allow the growing absurdity of the policy making process around Universal Credit to be lost on us. This is a benefit announced in 2010 which, with a fair wind, might be largely rolled out by 2020, several years late. ...
... announced last year. My colleagues will explain it in more detail. But we shouldn’t allow the growing absurdity of the policy making process around Universal Credit to be lost on us. This is a benefit announced in 2010 which, with a fair wind, might be largely rolled out by 2020, several years late. ...
Forecasting Report
... would be a likely casualty of such a slowdown and the fall could be significant. For example, during the global financial crisis bulk commodity prices fell around 50 per cent in Australian dollar terms over a nine month period. Domestically, the transition taking place in the economy continues to po ...
... would be a likely casualty of such a slowdown and the fall could be significant. For example, during the global financial crisis bulk commodity prices fell around 50 per cent in Australian dollar terms over a nine month period. Domestically, the transition taking place in the economy continues to po ...
Overview of Output Measures Used by BLS to Construct Productivity Statistics for Major Sectors of the U.S. Economy
... output for detailed components of GDP from various data sources, converts them to real measures and then aggregates them to calculate real GDP. Ideally, productivity statistics measure productivity for the U.S. economy at the most aggregate level of domestic output-that is, GDP. However, the BLS mus ...
... output for detailed components of GDP from various data sources, converts them to real measures and then aggregates them to calculate real GDP. Ideally, productivity statistics measure productivity for the U.S. economy at the most aggregate level of domestic output-that is, GDP. However, the BLS mus ...
2.tucson
... • Adequacy of infrastructure: Average of five scores of the extent to which business needs are met by roads, air, ports, telecommunications and power supply. • Log of the infant mortality rate: Deaths before age one per thousand live births • Completed high school: for the male population aged 25 an ...
... • Adequacy of infrastructure: Average of five scores of the extent to which business needs are met by roads, air, ports, telecommunications and power supply. • Log of the infant mortality rate: Deaths before age one per thousand live births • Completed high school: for the male population aged 25 an ...
C Forecast of the Development of Macroeconomic Indicators
... explanation of the observed development. In addition, it is possible to easily imagine such a situation when the development of e.g. real wage bill (if these two measures of consumer prices are applied) is qualitatively different. ...
... explanation of the observed development. In addition, it is possible to easily imagine such a situation when the development of e.g. real wage bill (if these two measures of consumer prices are applied) is qualitatively different. ...
Schumpeter Meeting Keynes: A Policy
... different “control” parameters and different institutional, market or industry setups. The impact of different policies is then quantitatively assessed in terms of ensuing aggregates such as average output growth, output volatility, average unemployment, etc. One of the main insights stemming from o ...
... different “control” parameters and different institutional, market or industry setups. The impact of different policies is then quantitatively assessed in terms of ensuing aggregates such as average output growth, output volatility, average unemployment, etc. One of the main insights stemming from o ...
Role of Entropy in Sustainable Economic Growth
... physical inputs and knowledge yield goods and services with certain characteristics. Preferences are formulated over these characteristics, since it is not the physical quantities that determine utility but the enjoyment derived from the goods. Entropic processes and economic processes differ fundam ...
... physical inputs and knowledge yield goods and services with certain characteristics. Preferences are formulated over these characteristics, since it is not the physical quantities that determine utility but the enjoyment derived from the goods. Entropic processes and economic processes differ fundam ...
The plight of long-term growth in South Africa
... Africa) is expected to persist emphasizes the importance of South Africa creating its own growth (Gordhan, 2012). Hausmann (2008) and Rodrick (2006) advocate that momentum in the growth of the economy can be gained by promoting the non-resource tradable sector, and in particular, the manufacturing s ...
... Africa) is expected to persist emphasizes the importance of South Africa creating its own growth (Gordhan, 2012). Hausmann (2008) and Rodrick (2006) advocate that momentum in the growth of the economy can be gained by promoting the non-resource tradable sector, and in particular, the manufacturing s ...
(capital) (labor)
... goods as they produce in this industry, so there’s only a small increase in labor demand—hence wages FALL Skilled and professional occupations—just the opposite, so wages rise. This explains much of the politics of immigration as well—low-skilled workers tend to oppose immigration, because they comp ...
... goods as they produce in this industry, so there’s only a small increase in labor demand—hence wages FALL Skilled and professional occupations—just the opposite, so wages rise. This explains much of the politics of immigration as well—low-skilled workers tend to oppose immigration, because they comp ...
Productivity and Growth in an Unstable Emerging Market Economy
... physical (as well as human) capital accumulation change in opposite directions as we change the value of , the general trends of the three sources remain the same. Moreover, our interpretations of those trends will not change. The results of the sensitivity analysis can be requested from the first ...
... physical (as well as human) capital accumulation change in opposite directions as we change the value of , the general trends of the three sources remain the same. Moreover, our interpretations of those trends will not change. The results of the sensitivity analysis can be requested from the first ...
Economic growth
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Of more importance is the growth of the ratio of GDP to population (GDP per capita, which is also called per capita income). An increase in growth caused by more efficient use of inputs (such as physical capital, population, or territory) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use is called extensive growth.In economics, ""economic growth"" or ""economic growth theory"" typically refers to growth of potential output, i.e., production at ""full employment"". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic development process particularly in low-income countries.Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure.