Chapter 14 You are given the following two IS curves that show how real GDP (Yt) in the current time period t depends on the current interest rate and interest rates in previous periods‚ where rt is the interest rate in time period t. Furthermore each time period corresponds to a quarter or three months. Yt = 8‚800 - 25rt - 25rt-1 25rt-2 - 25rt-3 - 20rt-4 - 20rt-5 20rt-6 - 15rt-7 - 15rt-8 - 10rt-9 Yt = 8‚400 - 5rt - 5rt-1 5rt-2 - 5rt-2 - 5rt-4 - 10rt-5 15rt-6 - 15rt-7 - 15rt-8 - 20rt-9 Suppose
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‘‘WITH THE REFERENCE TO THE UK AND A COUNTRY OF YOUR CHOICE‚ DISCUSS THE LIMITATIONS OF ‘GDP PER CAPITA’ AS A BASIS FOR COMPARING LIVING STANDARDS BETWEEN COUNTRIES AND OVER TIME’’ • INTRODUCTION From the late ‘40s a lot of countries started to develop very quickly‚ despite the wars. Every country realised its strong points of growing economically‚ and this was their resources. Some countries have more land‚ some countries have more water‚ some have more oil and some have more gold. Knowing
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about whether per capita GDP has a correlating relationship with happiness. In my opinion‚ there is no relationship the two variables based on the data I have acquired. Nations with low GDP have relatively high happiness index‚ GDP itself does not include other important factors that determine happiness and only shows one side of the economic situation of a country. To begin‚ with‚ countries with low GDP per capita has higher happiness index than nations with higher GDP. This shatters the opposition
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To determine the impact of economic growth or GDP in the Sri Lanka‚ a simple econometric framework was adopted by Abaid (2013)‚ where in his study the function model which he derived from production function framework: Where: Y denotes the estimated output level of the Gross Domestic Product (GDP) per capita growth. The L denotes the amount of labor force of the country and the K denotes the domestically financed capital stock-proxied bt the Gross Capital Formation (GCF). A constant technology
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The articles are talking about Inflation and the effects of it on the GDP of the United States compared to China. The first article is called “Catching the Eagle”. In December 2010‚ the Economist introduced a chart that made prediction of when China’s economy will overtake America’s economy. When the chart was first introduced in 2010‚ the Economist included a set of default assumptions for the decade ahead. They assumed that growth would average 7.75% in China over the subsequent ten years and 2
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THE IMPACT OF REMITTANCES ON ALBANIAN GDP AND HOUSHOLD INCOME LEVEL Besije Manushi Epoka University‚ Master of Science in Banking and Finance Address: Tirana‚ Albania Email: bmanushi07@epoka.edu.al Abstract After the fall of communist regime or from the beginning of the 1990’s‚ Albania is one of the countries with the large number of emigrants‚ and it is one of the country that mostly receives remittances which are funds received from migrants working abroad. The aim of this paper is to
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from the specified documents and compiling databases in order to analyze the material and arrive at a more complete understanding and historical reconstruction of the Marijuana legalization and how does it affect the country’s Gross Domestic Product (GDP). A sample of 30 persons aged between 17 and 30 was chosen to answer a set of questionnaires regarding the topic. Both quantitative and qualitative evaluations were utilized for this research project leveraging subjective methods such as interviews
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ECONOMETRICS PROJECT Abstract In this project I have tried to obtain dependency of CO2 emissions on GDP‚ petroleum consumption and energy consumption. The country taken under consideration is India. I have taken the time period 1985-2005. I have used the multiple regression analysis to establish the relationship. The software used is STATA. Introduction Carbon dioxide (CO2) is the primary greenhouse gas emitted through human activities. Carbon dioxide is naturally present
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Regression Analysis Variables | Coefficient | Standard Errors | T-Ratio | P-value | In Real interest rate | -0.2600846 | 0.1930792 | -1.35 | 0.196 | In Inflation rate | 0.0972735 | 0.1828835 | 0.53 | 0.602 | In Money supply | 0.9009881 | 0.897232 | 10.04 | 0.000 | No constant | -0.0138525 | 2.724178 | -0.01 | 0.996 | Dependent variable: Semdex Prob > F = 0.0000 R- Squared = 0.8841 Adj R-squared = 0.8636 . The Adjusted R2 - the coefficient of
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Although national income is a convenient way for measuring the standard of living between countries‚ it still has its limitations. Firstly‚ as national income statistics are calculated from millions of different returns to the government‚ inevitably mistakes are made. For example‚ returns may be inaccurate or simply not completed. This makes the data incorrect‚ hence hindering people to analyze the living standard of a country accurately. Secondly‚ National income does not record the output
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