problems of comparing the economic growth of the UK and developing economies using GDP as a measure One problem with comparing the economics growth of the UK and developing economies using GDP‚ is that GDP is not an accurate measure of the output of an economy because of the black economy. This means that certain pieces of data are not included in the calculation of GDP‚ therefore undervaluing the real output. Secondly GDP cannot be an accurate measure of the entire economic growth of a country. Factors
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Comparison of Economic Growth in China and USA Name Institution Date Introduction 1. What are some of the most prominent cultural differences between the chosen country and the United States? What could be the impact of these differences on business activities with each other? Historical developments and cultural affiliations of various communities often define the economy of a country. The culture is critical in dictating the traditions that led to the realization of a given economic state both
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“Modern technology has made people less creative than they used to be.” I agree with this statement. Creativity is the ability to innovate something new or unusual‚ which is something original that no one has done before. Hence‚ the phrase “being creative” means being unique and original. With the ever-developing field of technology‚ more and more people‚ regardless of their age and race‚ are being less creative. This essay will talk about some of the reasons to my support towards the statement
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KEY GROWTH SECTORS OF THE KENYAS ECONOMY Economic growth is the increase in the amount 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 i.e. real GDP. In Kenya the key main sectors to achieve economic growth are agriculture which is the mainstay economic growth drivers‚ energy sector‚ manufacturing and industry‚ service sector which is mainly tourism‚ financial services and banking and also the
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1 China’s economic growth and poverty reduction (1978-2002) By Hu Angang，Hu Linlin and Chang Zhixiao1 [Abstract] This article has summarized and evaluated the trend of China’s poverty decrease in the period of 1978-2002‚ considering that China has obtained great achievements in the area of poverty decrease sine 1978 and made great contributions to the world; however‚ poverty decrease has not corresponded to the economic growth and it has slowed down the pace since the middle of 1980s; in addition
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Economic growth brings greater happiness- how far do you agree with this statement? What is happiness? It is just one word‚ but every person has his own view on this question. Happiness is a basic of nature. Somebody think that it is God’s gift or result of luck‚ but some people claim that happiness is in your hands‚ you do it by yourself‚ you have to achieve your aims to be happy. Some people confuse happiness to pleasure‚ pleasure is a drink of water in the hot day‚ a comfortable bed after difficult
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For a while now‚ science has been a mystery to man‚ leading him to want to discover more and more about it. This in many aspects is dangerous to our society‚ being that scientific developments in new studies have been advancing too quickly for our minds to comprehend. Things such as cloning‚ organ donation‚ and pesticides‚ are things that the world may sometimes find useful‚ when in reality‚ it only brings civilization down. "Raising science to the status of godhood carries with
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What are the annual growth rates for the U.S. economy over the last 5 – 10 years? Has GDP been growing or declining over this time-frame? Explain what factors might have caused GDP to increase or decrease over this time-frame. Annual Rates: 2001: 1.1‚ 2002: 1.8‚ 2003: 2.5‚ 2004: 3.6‚ 2005: 3.1‚ 2006: 2.7‚ 2007: 1.9‚ 2008: 0.0‚ 2009: -2.6‚ 2010: 2.9. The 2.7 increase in 2006 slowly declined to a -2.6% change in 2009 and 2.9% increase in 2010.Up until 2009 the rates seemed to slowly decline and
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and the subsequent years were seen as an important era for the making of this city‚ as the economic growth had several implications on the social and political life as well. Thus‚ this period saw the coming up of several shops owned by business families who had migrated from different regions of India‚ setting up of cotton mills‚ the Native Stock Exchange centre for joint stock/ ventures etc. The economic growth was also linked to the rise of political thoughts and ideas amongst the upper classes of
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ECONOMIC GROWTH and DEVELOPMENT PAPER CONCESSION AND OPERATING COMPANIES of NORTH LUZON EXPRESSWAY (NLEX) A. Significance of Toll Road Industry and the North Luzon Expressway (NLEX) Concession in the Philippine Economy Viewed from the perspective of the total road network of the Philippines having 202‚000 km.‚ the current length of all tolled expressways (about 320 km.) in the country represent a mere 0.16%. At the same time‚ all are operating and located in the Mega Manila area traversing
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