GDP
... • Measure of aggregate output • Monetary measure • Avoid multiple counting –Market value final goods –Ignore intermediate goods –Count value added ...
... • Measure of aggregate output • Monetary measure • Avoid multiple counting –Market value final goods –Ignore intermediate goods –Count value added ...
Explanatory Notes - Central Bank of Nigeria
... ii. GDP at Current Market Prices equals GDP at Current Basic Prices plus indirect taxes net of subsidies. This is GDP valued at the market prices which purchasers pay for the goods and services they acquire or use. ...
... ii. GDP at Current Market Prices equals GDP at Current Basic Prices plus indirect taxes net of subsidies. This is GDP valued at the market prices which purchasers pay for the goods and services they acquire or use. ...
Explanatory Notes - Central Bank of Nigeria
... ii. GDP at Current Market Prices equals GDP at Current Basic Prices plus indirect taxes net of subsidies. This is GDP valued at the market prices which purchasers pay for the goods and services they acquire or use. ...
... ii. GDP at Current Market Prices equals GDP at Current Basic Prices plus indirect taxes net of subsidies. This is GDP valued at the market prices which purchasers pay for the goods and services they acquire or use. ...
CEE (2005)
... “Finally, the disturbance term εtb represents a wedge between the interest rate controlled by the central bank and the return on assets held by the households. A positive shock to this wedge increases the required return on assets and reduces current consumption. At the same time, it also increases ...
... “Finally, the disturbance term εtb represents a wedge between the interest rate controlled by the central bank and the return on assets held by the households. A positive shock to this wedge increases the required return on assets and reduces current consumption. At the same time, it also increases ...
Chapter 4:Structure of SUT
... • How to determine level of detail? • What needs to be done to compile a full and consistent set of data with the relatively limited information that can be obtained from the reporting units in the economy? ...
... • How to determine level of detail? • What needs to be done to compile a full and consistent set of data with the relatively limited information that can be obtained from the reporting units in the economy? ...
Lecture 2 - The Economics Network
... • In a mature socialism, this return of the opportunity cost of investment in the social production sector would be a large proportion of the national product, perhaps as high as one-fourth to one-third. Some of this will be reinvested, but there will probably be a surplus. • This might be used to p ...
... • In a mature socialism, this return of the opportunity cost of investment in the social production sector would be a large proportion of the national product, perhaps as high as one-fourth to one-third. Some of this will be reinvested, but there will probably be a surplus. • This might be used to p ...
Official (foreign) reserve assets - YSU
... – A negative official settlements balance may indicate that a country • is depleting its official foreign reserve assets or • may be incurring large debts to foreign central banks so that the domestic central bank can spend a lot to protect against financial instability. ...
... – A negative official settlements balance may indicate that a country • is depleting its official foreign reserve assets or • may be incurring large debts to foreign central banks so that the domestic central bank can spend a lot to protect against financial instability. ...
About CIP (China Industrial Productivity Database) and Its
... that match, and logically coherent with, the national accounts ...
... that match, and logically coherent with, the national accounts ...
GDP - Humble ISD
... When assessing the economy the national income accounts serve A. To Help other countries realize how much better the US economy is B. A purpose just as income statements do for a business C. Provides national deficit reports D. Nothing concerning GDP or CPI ...
... When assessing the economy the national income accounts serve A. To Help other countries realize how much better the US economy is B. A purpose just as income statements do for a business C. Provides national deficit reports D. Nothing concerning GDP or CPI ...
Prudential Policy for Peggers - Faculty Directory | Berkeley-Haas
... • Seems reasonable to doubt a theoretical exercise that adds assumptions and “prudential” capital controls to a DSGE model, and finds such massive welfare benefits and reduction of average unemployment by 10 percentage points ...
... • Seems reasonable to doubt a theoretical exercise that adds assumptions and “prudential” capital controls to a DSGE model, and finds such massive welfare benefits and reduction of average unemployment by 10 percentage points ...
Research on Influencing Factors of China’s GDP Growth Xing LIANG
... fixed assets. But at the same time the growth rate of investment in fixed assets of China's tertiary industry in recent years is very low which means China’s efforts on investment in the development of tertiary industries were not enough, the trend of economic development is to increase the proporti ...
... fixed assets. But at the same time the growth rate of investment in fixed assets of China's tertiary industry in recent years is very low which means China’s efforts on investment in the development of tertiary industries were not enough, the trend of economic development is to increase the proporti ...
The Jamaican System of National Accounts
... The output of research and development should be capitalized Jamaican system Research and development activities were not identified separately on Annual National Income questionnaire. As a result, these would have been included in ‘other expenditure’ and treated as intermediate consumption ...
... The output of research and development should be capitalized Jamaican system Research and development activities were not identified separately on Annual National Income questionnaire. As a result, these would have been included in ‘other expenditure’ and treated as intermediate consumption ...
Adobe Acrobat
... • In a closed economy there is no international trade and no international financial movements. o GNE = GDP = GNI = GNDI o TB = NFIA = NUT = 0 • In an open economy GNE, GDP, and GNI need not be equal. o Transactions in the balance of payments affect the flow of spending, income, and production. ...
... • In a closed economy there is no international trade and no international financial movements. o GNE = GDP = GNI = GNDI o TB = NFIA = NUT = 0 • In an open economy GNE, GDP, and GNI need not be equal. o Transactions in the balance of payments affect the flow of spending, income, and production. ...
Word Document
... In a closed economy there is no international trade and no international financial movements. o GNE = GDP = GNI = GNDI o TB = NFIA = NUT = 0 In an open economy GNE, GDP, and GNI need not be equal. o Transactions in the balance of payments affect the flow of spending, income, and production. GN ...
... In a closed economy there is no international trade and no international financial movements. o GNE = GDP = GNI = GNDI o TB = NFIA = NUT = 0 In an open economy GNE, GDP, and GNI need not be equal. o Transactions in the balance of payments affect the flow of spending, income, and production. GN ...
ANSWERS TO END-OF-CHAPTER QUESTIONS
... not subtracted as stated, then $1 billion of goods produced in a previous year would be counted as having been produced in 2001, leading to an overstatement of 2001’s production. Use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and one ...
... not subtracted as stated, then $1 billion of goods produced in a previous year would be counted as having been produced in 2001, leading to an overstatement of 2001’s production. Use the concepts of gross and net investment to distinguish between an economy that has a rising stock of capital and one ...
The Financial Report of the United States Government
... Social Insurance Net Expenditures 3 Total Federal Government Non-Interest Net Expenditures ...
... Social Insurance Net Expenditures 3 Total Federal Government Non-Interest Net Expenditures ...
Gross Domestic Product - White Plains Public Schools
... about the following areas. Discuss what these statistics reveal. Unemployment Rate: _____________________________________ Number of Goods and Services sold: _________________________ _______________________________________________________ 4) The most important measure of the economy’s health is the ...
... about the following areas. Discuss what these statistics reveal. Unemployment Rate: _____________________________________ Number of Goods and Services sold: _________________________ _______________________________________________________ 4) The most important measure of the economy’s health is the ...
Net Investment and Stock of Human Capital in the United States
... All results in trillions of current dollars Jorgenson-Fraumeni (1989) [g = 2%, r = 4%] Stock, 1982 Investment in education, 1982 Jorgenson-Fraumeni (1992) [g = 1.32%, r = 4.58%] Stock, 1982 Investment in education, 1982 ...
... All results in trillions of current dollars Jorgenson-Fraumeni (1989) [g = 2%, r = 4%] Stock, 1982 Investment in education, 1982 Jorgenson-Fraumeni (1992) [g = 1.32%, r = 4.58%] Stock, 1982 Investment in education, 1982 ...
Unit III Macro Review--GDP
... When assessing the economy the national income accounts serve A. To Help other countries realize how much better the US economy is B. A purpose just as income statements do for a business C. Provides national deficit reports D. Nothing concerning GDP or CPI ...
... When assessing the economy the national income accounts serve A. To Help other countries realize how much better the US economy is B. A purpose just as income statements do for a business C. Provides national deficit reports D. Nothing concerning GDP or CPI ...
Capital Investment ppt - Troup 6
... Gross Domestic Product (GDP) GDP is a domestic measurement because it measures only what has been produced within a country – this does not include products that are imported. ...
... Gross Domestic Product (GDP) GDP is a domestic measurement because it measures only what has been produced within a country – this does not include products that are imported. ...
Understanding Basic Economics
... • Human Capital means the knowledge and skills that make it possible for workers to earn a living producing goods and services. ...
... • Human Capital means the knowledge and skills that make it possible for workers to earn a living producing goods and services. ...
GROSS DOMESTIC PRODUCT
... • The part of economics that is concerned with the economy as a whole • National Economic measurements – Gross Domestic Product (GDP) – Inflation – Unemployment – Business Cycle ...
... • The part of economics that is concerned with the economy as a whole • National Economic measurements – Gross Domestic Product (GDP) – Inflation – Unemployment – Business Cycle ...
Document
... I = B – ieir Firms in the short run set the price level P = 1. We can then write the demand for liquid assets as: M = Y - iemr Solve for the equilibrium interest rate and output levels as a function of the exogenous variables (M, A, B) and the parameter values (mpc, iei, iem). Show that an increas ...
... I = B – ieir Firms in the short run set the price level P = 1. We can then write the demand for liquid assets as: M = Y - iemr Solve for the equilibrium interest rate and output levels as a function of the exogenous variables (M, A, B) and the parameter values (mpc, iei, iem). Show that an increas ...
Gross fixed capital formation
Gross fixed capital formation (GFCF) is a macroeconomic concept used in official national accounts such as the United Nations System of National Accounts (UNSNA), National Income and Product Accounts (NIPA) and the European System of Accounts (ESA). The concept dates back to the National Bureau of Economic Research (NBER) studies of Simon Kuznets of capital formation in the 1930s, and standard measures for it were adopted in the 1950s. Statistically it measures the value of acquisitions of new or existing fixed assets by the business sector, governments and ""pure"" households (excluding their unincorporated enterprises) less disposals of fixed assets. GFCF is a component of the expenditure on gross domestic product (GDP), and thus shows something about how much of the new value added in the economy is invested rather than consumed.GFCF is called ""gross"" because the measure does not make any adjustments to deduct the consumption of fixed capital (depreciation of fixed assets) from the investment figures. For the analysis of the development of the productive capital stock, it is important to measure the value of the acquisitions less disposals of fixed assets beyond replacement for obsolescence of existing assets due to normal wear and tear. ""Net fixed investment"" includes the depreciation of existing assets from the figures for new fixed investment, and is called net fixed capital formation.GFCF is not a measure of total investment, because only the value of net additions to fixed assets is measured, and all kinds of financial assets are excluded, as well as stocks of inventories and other operating costs (the latter included in intermediate consumption). If, for example, one examines a company balance sheet, it is easy to see that fixed assets are only one component of the total annual capital outlay.The most important exclusion from GFCF is land sales and purchases. The original reason, leaving aside complex valuation problems involved in estimating the value of land in a standard way, was that if a piece of land is sold, the total amount of land already in existence, is not regarded as being increased thereby; all that happens is that the ownership of the same land changes. Therefore, only the value of land improvement is included in the GFCF measure as a net addition to wealth. In special cases, such as land reclamation from the sea, a river or a lake (e.g. a polder), new land can indeed be created and sold where it did not exist before, adding to fixed assets. The GFCF measure always applies to the resident enterprises of a national territory, and thus if e.g. oil exploration occurs in the open seas, the associated new fixed investment is allocated to the national territory in which the relevant enterprises are resident. Data is usually provided by statistical agencies annually and quarterly, but only within a certain time-lag. Fluctuations in this indicator are often considered to show something about future business activity, business confidence and the pattern of economic growth. In times of economic uncertainty or recession, typically business investment in fixed assets will be reduced, since it ties up additional capital for a longer interval of time, with a risk that it will not pay itself off (and fixed assets may therefore also be scrapped faster). Conversely, in times of robust economic growth, fixed investment will increase across the board, because the observed market expansion makes it likely that such investment will be profitable in the future.