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Mankiw 6e PowerPoints
... technical issues involving population inferences from sample data CHAPTER 2 ...
... technical issues involving population inferences from sample data CHAPTER 2 ...
National Accounts Statistics Report 2000 – 2008, National Statistics
... activities. Economic activities are those which are devoted to making use of the scarce resources in the process of production and distribution of economic goods and services. Economic goods command a price in the market for their being scarce and transferable. The end result of all the economic act ...
... activities. Economic activities are those which are devoted to making use of the scarce resources in the process of production and distribution of economic goods and services. Economic goods command a price in the market for their being scarce and transferable. The end result of all the economic act ...
Final consumption expenditure in Albania
... Another study is made by (HORIOKA, 2003) concerning with the Stagnation of Household Final Consumption Expenditure in case of Japan during the 1990s and the early 2000s. Stagnation of household disposable income was a major cause of the stagnation of household consumption and that it has caused hous ...
... Another study is made by (HORIOKA, 2003) concerning with the Stagnation of Household Final Consumption Expenditure in case of Japan during the 1990s and the early 2000s. Stagnation of household disposable income was a major cause of the stagnation of household consumption and that it has caused hous ...
Macroeconomics 1 Ch VII. Investment and Growth Theories Chapter
... weighing the cost (Present Price) and the benefit (PDV) of the capital good; so It = dKt = f (Cost versus Benefit of New Capital Stock) The cost is equal to the present price of New Capital Stock. The benefit comes over time in the form of the stream of revenues generated from the capital stock over ...
... weighing the cost (Present Price) and the benefit (PDV) of the capital good; so It = dKt = f (Cost versus Benefit of New Capital Stock) The cost is equal to the present price of New Capital Stock. The benefit comes over time in the form of the stream of revenues generated from the capital stock over ...
Terms of Reference of ISWGNA Task Force on FISIM
... Gross capital formation (GCF)/output 1. the entire defence expenditure incurred by government included in the GCF? 2. consumption of fixed capital measured on all government fixed assets (airfields, roads, hospitals, docks, dams and breakwaters and other forms of construction except structures) incl ...
... Gross capital formation (GCF)/output 1. the entire defence expenditure incurred by government included in the GCF? 2. consumption of fixed capital measured on all government fixed assets (airfields, roads, hospitals, docks, dams and breakwaters and other forms of construction except structures) incl ...
NBER WORKING PAPER SERIES IRREVERSIBILITY, UNCERTAINTY, AND CYCLICAL INVESTMENT Working Paper No. 502
... cycle. . . is mainly due to the way in which the marginal efficiency of capital fluctuates... (T)he marginal efficiency of capital depends, not only on the existing abundance or scarcity of capital—goods and the current cost of production of capital—goods, but also on current expectations as to the ...
... cycle. . . is mainly due to the way in which the marginal efficiency of capital fluctuates... (T)he marginal efficiency of capital depends, not only on the existing abundance or scarcity of capital—goods and the current cost of production of capital—goods, but also on current expectations as to the ...
- TestbankU
... and computer-related industries. In the past 70 years, manufacturing output has declined from 54 percent of GDP to 38 percent, while the output of service industries has increased from 35 percent of GDP to 54 percent. The SIC has not been updated to reflect the changes in the economy. NAICS will als ...
... and computer-related industries. In the past 70 years, manufacturing output has declined from 54 percent of GDP to 38 percent, while the output of service industries has increased from 35 percent of GDP to 54 percent. The SIC has not been updated to reflect the changes in the economy. NAICS will als ...
Download attachment
... For example, in May 1998 the CPI in the United States was 162.8 on a base of 1982-1984 {the period in which the original survey was done). Thus the price level had risen by 62.8 percent over the preceding 13 years, an average annual rate of increase of 3.82 percent. The CPI is not a perfect measure ...
... For example, in May 1998 the CPI in the United States was 162.8 on a base of 1982-1984 {the period in which the original survey was done). Thus the price level had risen by 62.8 percent over the preceding 13 years, an average annual rate of increase of 3.82 percent. The CPI is not a perfect measure ...
National Income and Product Accounts Gross Domestic Product
... The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was also 1.9 percent. With the second estimate for the fourth quarter, the general picture of economic growth ...
... The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was also 1.9 percent. With the second estimate for the fourth quarter, the general picture of economic growth ...
André Lemelin, INRS-Urbanisation
... financial capital is perfectly mobile between industries and regions. Its allocation is driven by forwardlooking investors who respond to arbitrage opportunities. Intertemporal optimization by households and firms determines saving and investment (the creation of new physical capital). Households ma ...
... financial capital is perfectly mobile between industries and regions. Its allocation is driven by forwardlooking investors who respond to arbitrage opportunities. Intertemporal optimization by households and firms determines saving and investment (the creation of new physical capital). Households ma ...
The effect of the economic and financial crisis on government
... output. Thus, a fall in tax revenues need not necessarily be due to a change in fiscal policy. In 2010, the slower growth of total expenditure compared to total revenues and nominal GDP indicates a slight improvement in the public balance. ...
... output. Thus, a fall in tax revenues need not necessarily be due to a change in fiscal policy. In 2010, the slower growth of total expenditure compared to total revenues and nominal GDP indicates a slight improvement in the public balance. ...
University of Groningen Capital flight and the uncertainty of
... Since the early 1980s the issue of capital flight from less developed countries (LDCs) has gained much attention in academic as well as in policy circles. The debt crisis that hit these countries stimulated massive outflows of capital. Capital flight from these countries appeared to be voluminous in ...
... Since the early 1980s the issue of capital flight from less developed countries (LDCs) has gained much attention in academic as well as in policy circles. The debt crisis that hit these countries stimulated massive outflows of capital. Capital flight from these countries appeared to be voluminous in ...
Integrating and Accelerating BEA’s Industry Accounts
... + property-type income + indirect business taxes 3. Production approach: GDP = Gross output - intermediate inputs ...
... + property-type income + indirect business taxes 3. Production approach: GDP = Gross output - intermediate inputs ...
CHAPTER 1
... b. a firm should only expand on the upswing. c. inventories, hopefully, will not be held long. d. equity financing is more expensive. ANSWER: c 50. A major reason for using short-term debt for capital expenditures is which of the following? a. Long-term interest rates are expected to come down in th ...
... b. a firm should only expand on the upswing. c. inventories, hopefully, will not be held long. d. equity financing is more expensive. ANSWER: c 50. A major reason for using short-term debt for capital expenditures is which of the following? a. Long-term interest rates are expected to come down in th ...
www.bea.gov
... Census data on groups of commodities purchased by each industry (e.g., materials consumed) Variety of additional data from other Federal statistical agencies, trade associations, and other sources ...
... Census data on groups of commodities purchased by each industry (e.g., materials consumed) Variety of additional data from other Federal statistical agencies, trade associations, and other sources ...
Document
... Chapter Eighteen the effects of inflation and investment depends on real interest rate. ...
... Chapter Eighteen the effects of inflation and investment depends on real interest rate. ...
13.2 measuring us gdp
... Measures GDP by using data on consumption expenditure, investment, government purchases, and net exports. ...
... Measures GDP by using data on consumption expenditure, investment, government purchases, and net exports. ...
PP - Chapter 05
... same job, GDP would have been higher, even though the amount of output would have been identical. Why is this? Does this make sense? ...
... same job, GDP would have been higher, even though the amount of output would have been identical. Why is this? Does this make sense? ...
Mankiw 6e PowerPoints - Texas Tech University
... technical issues involving population inferences from sample data CHAPTER 2 ...
... technical issues involving population inferences from sample data CHAPTER 2 ...
Britain`s Investment Gap
... form of consumption, it can be argued that it should be seen as investment in future sales growth. It is certainly true that including intangibles (as in the above chart) makes the UK (and US) look comparatively better – on the widest measure only Denmark and Sweden have higher investment. In any se ...
... form of consumption, it can be argued that it should be seen as investment in future sales growth. It is certainly true that including intangibles (as in the above chart) makes the UK (and US) look comparatively better – on the widest measure only Denmark and Sweden have higher investment. In any se ...
Essay Questions
... “twin deficits: theory,” one would have expected the EU’s current account surpluses to increase. This has never happened. The main reason was sharp reduction in private saving rates. A good answer should discuss Ricardian equivalence, which argues that when the government cut taxes and raises its de ...
... “twin deficits: theory,” one would have expected the EU’s current account surpluses to increase. This has never happened. The main reason was sharp reduction in private saving rates. A good answer should discuss Ricardian equivalence, which argues that when the government cut taxes and raises its de ...
6. Balance of Payments
... • GNP measures the value of national production and national income. Why? Every dollar used to purchase goods or services automatically ends up in somebody’s pocket. E.g., a doctor’s visit of $450 is included in national output (GNP) and it is included in national income. E.g., A firm producin ...
... • GNP measures the value of national production and national income. Why? Every dollar used to purchase goods or services automatically ends up in somebody’s pocket. E.g., a doctor’s visit of $450 is included in national output (GNP) and it is included in national income. E.g., A firm producin ...
Lecture 12
... they eventually sell to final users. The way a good is counted depends on its use. Ice cream sold to you is a final good, while ice cream sold to a restaurant is an intermediate good. ...
... they eventually sell to final users. The way a good is counted depends on its use. Ice cream sold to you is a final good, while ice cream sold to a restaurant is an intermediate good. ...
Chapter 13 - An Introduction to International Economics
... Fundamental Accounting Equation Intuition ...
... Fundamental Accounting Equation Intuition ...
Workshop on National Accounts 6
... Nonprofit institutions serving households Actual final consumption expenditure of households in millions Rs. ...
... Nonprofit institutions serving households Actual final consumption expenditure of households in millions Rs. ...
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.