ECONOMICS - University of Maryland, College Park
... person, so real GDP per capita has risen over time. • For most of the period, the average growth rate was high enough to create the jobs needed by a growing and more productive workforce. During some years (e.g., 2008– 2011), growth slowed, and an insufficient number of jobs were created ...
... person, so real GDP per capita has risen over time. • For most of the period, the average growth rate was high enough to create the jobs needed by a growing and more productive workforce. During some years (e.g., 2008– 2011), growth slowed, and an insufficient number of jobs were created ...
The Price of Growth
... hardly positive at +0.3%, the second lowest rate since World War II. Only the 2009 figure was lower, at +0.2%. Why? There might be a structural change in overall pricing power. Shortterm shocks are part of the short-term story, so low oil prices explain current disinflation. Yet, one should note tha ...
... hardly positive at +0.3%, the second lowest rate since World War II. Only the 2009 figure was lower, at +0.2%. Why? There might be a structural change in overall pricing power. Shortterm shocks are part of the short-term story, so low oil prices explain current disinflation. Yet, one should note tha ...
Short answer questions arranged by topic - Business-TES
... “Normally, it would be expected that more would be demanded at lower prices as opposed to higher prices, all other things being equal, but this may not always be the case.” Explain this statement. [M07, 2] Using demand and supply analysis, explain how resources are allocated through changes in price ...
... “Normally, it would be expected that more would be demanded at lower prices as opposed to higher prices, all other things being equal, but this may not always be the case.” Explain this statement. [M07, 2] Using demand and supply analysis, explain how resources are allocated through changes in price ...
Manufacturing drives German growth to near
... IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and governm ...
... IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and governm ...
Economics X Creativity Multimedia Case 7: The Dictator Case Study
... 5. The growth of per-capita real GDP does not imply an increase in living standard for every household. The Gini coefficient, a common indicator of income inequality, shows that Hong Kong is one of the economies with most serious income inequality (above 0.4). In 2011, Hong Kong’s Gini coefficient ...
... 5. The growth of per-capita real GDP does not imply an increase in living standard for every household. The Gini coefficient, a common indicator of income inequality, shows that Hong Kong is one of the economies with most serious income inequality (above 0.4). In 2011, Hong Kong’s Gini coefficient ...
PDF
... concepts. As a result of this concern, a quite large body of empirical evidence has been collected to show that strong economic and political institutions at the domestic level as well as effective ways by which they are enforced (for example, property rights, the rule of law and democracy) are (or ...
... concepts. As a result of this concern, a quite large body of empirical evidence has been collected to show that strong economic and political institutions at the domestic level as well as effective ways by which they are enforced (for example, property rights, the rule of law and democracy) are (or ...
Taylor Economics Chapter 34 Test Bank
... B. to continue to temporarily disregard the foundations for future long-term growth C. find niches that they are well-suited to fill in the global networks of economic production D. build upon or copy technologies and industries developed by other technology leaders Answer: A Reference: Explanation: ...
... B. to continue to temporarily disregard the foundations for future long-term growth C. find niches that they are well-suited to fill in the global networks of economic production D. build upon or copy technologies and industries developed by other technology leaders Answer: A Reference: Explanation: ...
Missing Growth from Creative Destruction
... the magnitude of missing growth based on our model. For both approaches we use micro data from the U.S. Census on employment at all private nonfarm businesses for the years 1983–2013. For the first approach we look at employment shares of incumbent, entering, and exiting plants. If new plants produc ...
... the magnitude of missing growth based on our model. For both approaches we use micro data from the U.S. Census on employment at all private nonfarm businesses for the years 1983–2013. For the first approach we look at employment shares of incumbent, entering, and exiting plants. If new plants produc ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... is about abstract design principles and is not a blueprint for a particular building; it is about the logically prior question of what should be done, rather than a discussion of how do it. It is inspired by Koopmans’s (1947) famous injunction about the need to avoid “measurement without theory.” Th ...
... is about abstract design principles and is not a blueprint for a particular building; it is about the logically prior question of what should be done, rather than a discussion of how do it. It is inspired by Koopmans’s (1947) famous injunction about the need to avoid “measurement without theory.” Th ...
PDF
... sustained period of time. Often the economy experiences a steep fall in the GDP and a steep increase in unemployment. The consequence of a recession is indubitably devastating for an economy and it has a number of adverse effects in the economy. The economy suffers a reduction in the consumer expend ...
... sustained period of time. Often the economy experiences a steep fall in the GDP and a steep increase in unemployment. The consequence of a recession is indubitably devastating for an economy and it has a number of adverse effects in the economy. The economy suffers a reduction in the consumer expend ...
The Role of Military Expenditures in Pre-Revolutionary Iran's Economic Decline Looney, R.E.
... expenditures rose from $67 million to $844 million, a more than twelve-fold increase; between 1970 and 1977, they rose by almost the same proportion again to $9,400 million. In 1974, the year in which oil price rises were reflected in a 141 percent increase in the previous years' total expenditures, ...
... expenditures rose from $67 million to $844 million, a more than twelve-fold increase; between 1970 and 1977, they rose by almost the same proportion again to $9,400 million. In 1974, the year in which oil price rises were reflected in a 141 percent increase in the previous years' total expenditures, ...
Impact of Demographic Changes on Inflation and the
... economic and social landscape. Many researchers have looked into how changes in the size and the composition of an economy’s population influence macroeconomic outcomes. The channels through which demographic changes affect an economy typically include savings and investment behaviors, labor market ...
... economic and social landscape. Many researchers have looked into how changes in the size and the composition of an economy’s population influence macroeconomic outcomes. The channels through which demographic changes affect an economy typically include savings and investment behaviors, labor market ...
Alternative Methods for Measuring Productivity Growth Including
... Equations (9) and (12) are identical except for the fourth term of (9), which is the fixed-weight drift term. The other three terms are, in order: the pure (fixed-weight) productivity term using fixed nominal output weights for a given year (t = 0, which might be different from the base year for a f ...
... Equations (9) and (12) are identical except for the fourth term of (9), which is the fixed-weight drift term. The other three terms are, in order: the pure (fixed-weight) productivity term using fixed nominal output weights for a given year (t = 0, which might be different from the base year for a f ...
China, India and the World Economy
... pressure on China’s growth. On the other hand, as Perkins (2005) notes, China still has a large proportion of people of working age employed in agriculture and rural activities, with lower productivity than non-farm workers. He estimates that China’s non-farm workforce could increase by another 70 t ...
... pressure on China’s growth. On the other hand, as Perkins (2005) notes, China still has a large proportion of people of working age employed in agriculture and rural activities, with lower productivity than non-farm workers. He estimates that China’s non-farm workforce could increase by another 70 t ...
Prof. Wescott presentation (.pps)
... Political and social mechanisms may also explain how income inequality affects economic growth. What do class members think about the causes of inequality? Political & Social Explanations • Alesina & Rodrick (1994) explain the consequences of income inequality on economic growth by looking at the e ...
... Political and social mechanisms may also explain how income inequality affects economic growth. What do class members think about the causes of inequality? Political & Social Explanations • Alesina & Rodrick (1994) explain the consequences of income inequality on economic growth by looking at the e ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... Natural gas is one of the principal sources of energy, along with oil and coal whilst it’s also one of the cleanest and safest energy sources. Natural gas contributes to economic growth, energy independence, and carbon mitigation, sometimes independently and sometimes collectively. The use of natura ...
... Natural gas is one of the principal sources of energy, along with oil and coal whilst it’s also one of the cleanest and safest energy sources. Natural gas contributes to economic growth, energy independence, and carbon mitigation, sometimes independently and sometimes collectively. The use of natura ...
PRACTICE ECON 202
... A) The rate of unemployment should be 4 percent. B) A high rate of economic growth is good for the country. C) The federal government spends half of its budget on national defense. D) Everyone in the country needs to be covered by national health insurance. Ans: C Level: E Page: 34 Topic: Positive v ...
... A) The rate of unemployment should be 4 percent. B) A high rate of economic growth is good for the country. C) The federal government spends half of its budget on national defense. D) Everyone in the country needs to be covered by national health insurance. Ans: C Level: E Page: 34 Topic: Positive v ...
T How Did Leading Indicator Forecasts Perform During the 2001 Recession?
... negative in an upcoming quarter. The median growth forecasts—that is, the median of the SPF panel of forecasts of real GDP growth for a given quarter—are summarized in Table 1 for late 2000Q4 through 2002Q3. The first two columns of Table 1 report the quarter being forecast and its actual growth rat ...
... negative in an upcoming quarter. The median growth forecasts—that is, the median of the SPF panel of forecasts of real GDP growth for a given quarter—are summarized in Table 1 for late 2000Q4 through 2002Q3. The first two columns of Table 1 report the quarter being forecast and its actual growth rat ...
NBER WORKING PAPER SERIES Randall Morck
... valuations and equity ownership structures. Although this covers 83 percent of the total banking assets in 44 large economies (Caprio et al., 2007), it omits unlisted banks – a potentially important subsample for our study because these firms are especially likely to be family-controlled. We therefo ...
... valuations and equity ownership structures. Although this covers 83 percent of the total banking assets in 44 large economies (Caprio et al., 2007), it omits unlisted banks – a potentially important subsample for our study because these firms are especially likely to be family-controlled. We therefo ...
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.