Explain why GDP is not a perfect measure of economic well being of a nation. By definition the GDP (Gross Domestic Product) is a measure of the income and expenditures of an economy. Also‚ it can be defined as the total market value of all final goods and services produced within a country in a given period of time. Base on GDP definition and base on many economist points of view regarding to the definition of well being. I understand that GDP is not a perfect measure of economic well being
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of time to another. It can be measured by gross domestic product (GDP) and this can give us a measure of economic performance. Actual economic growth is an increase in GDP. There are various distinctions used in the context of economic growth such as nominal GDP so the face value and real GDP which is when GDP is adjusted for inflation. It can be said that economic growth can be a useful measure of economic performance because GDP can be calculated per capita‚ or per head of population. Economic
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term paper Impact of inflation and unemployment on gdp growth : A Case of PAKISTAN By Mehreen aslam Contents Abstract --------------------------------- Introduction -------------------------------- Literature Veiw ---------------------------- Data and Methodology -------------------- OLS Methodology -------------------------- Conclusion ----------------------------------- References -------------------------------------
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The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy. Usually‚ GDP is expressed as a comparison to the previous quarter or year. For example‚ if the year-to-year GDP is up 3%‚ this is thought to mean that the economy has grown by 3% over the last year. Measuring GDP is complicated (which is why
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Sample Real GDP Calculation Econ 102-1 Alley Nominal GDP is calculated by summing the value of goods and services produced in a given year using the prices of these outputs in that year. If the general price level increases or decreases from one year to the next‚ it is difficult to compare the amount of output that a country produces across different years. To correct for this‚ we want to value output in every year using the same prices. In other words‚ we calculate real GDP. Consider the
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1. Trend of GDP: Economic Factors Affecting the Fiscal Framework: A Comparison between FY 2012-16 and FY 2013-17 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016- 17 | Nominal GDP(Billion Taka) | | | | | | | FY 12-16 MTMF | 8996.7 | 10240.2 | 11677.5 | 13341.0 | 15226.2 | 17645.0 | FY 13-17 MTMF | 9147.8 | 10413.6 | 11857.2 | 13566.9 | 15482.3 | | Nominal GDP Growth (%) | | | | | | | FY 12-16 MTMF | 14.2 | 13.8 | 14.0 | 14.2 | 14.1 | |
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PAKISTAN CURRENT ACCOUNT TO GDP Pakistan recorded a Current Account deficit of 2 percent of the country’s Gross Domestic Product in the fiscal year 2011-12. Current Account to GDP in Pakistan is reported by the State Bank of Pakistan. Pakistan Current Account to GDP averaged -2.32 Percent from 1980 until 2012‚ reaching an all time high of 4.90 Percent in June of 2003 and a record low of -8.50 Percent in June of 2008. The Current account balance as a percent of GDP provides an indication on the level
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RELATIONSHIP BETWEEN EXPORT AND GDP OF TANZANIA SOPHIA IBRAHIM MSc.in Computer Science Abstract This paper analyses the relationship between export and Economic growth of Tanzania and evaluate the relationship of these variables for the period of 2000-2010.It is observed from the data obtained from National Bureau of Statistics website that export is increasing for the period of ten years from(2000 – 2010) likewise GDP is increasing. Therefore these two items relate to each other. It can be concludes
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dollars worth of products per person in South Korea each year. South Korea has a Gross Domestic Product (GDP) of one trillion fourteen billion five hundred million US dollars. Compared to the BRIC countries South Korea is fairly close except for the case of China who has a GDP of almost six trillion US dollars. (Google.com‚ 2012) (See appendix A2) South Korea has a Purchasing Power Parity (PPP) GDP of one trillion five hundred forty nine billion US dollars. They are compared at thirteenth in the world
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International Research Journal of Finance and Economics ISSN 1450-2887 Issue 25 (2009) © EuroJournals Publishing‚ Inc. 2009 http://www.eurojournals.com/finance.htm An Impact Analysis of Real Gross Domestic Product Inflation and Interest Rates on Stock Prices of Quoted Companies in Nigeria Daferighe. Emmanuel E Lecturer‚ Department of Accounting‚ Faculty of Management Sciences Olabisi Onabanjo University‚ Ago-Iwoye‚ Ogun State‚ Nigeria E-mail: daferighe2e@yahoo.com Tel: +234-805-5218-253 Aje.
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