INFLATION: Inflation is a sustained increase in the general price level leading to a fall in the purchasing power of money. Inflationary pressures can come from domestic and external sources and from both the supply and demand side of the economy. FACTORS OF INFLATION: Inflation is defined as the rate (%) at which the general price level of goods and services is rising‚ causing purchasing power to fall. This is different from a rise and fall in the price of a particular good or service.
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Objectives: How is inflation measured The calculation and limitations of these indices The effects of inflation Important points to remember: Consumer Price Index (CPI) - A measure of price changes in consumer goods and services such as gasoline‚ food‚ clothing and automobiles. The CPI measures price change from the perspective of the purchaser. GDP Deflator- measures price changes in current year compared to those in a base year‚ for all goods and services produced within the country and
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lation is an inevitable property of any economy in the world. In simple words‚ inflation is the rise of general level of prices. However‚ inflation is a much more complex phenomenon than simply the increase of prices. Inflation (or general inflation) is also identified with the fall of market value of money within a particular economic system. However‚ some economists prefer to use the term inflation to describe a rapid increase in money supply in a single economy. Generally‚ this is the main cause of
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Discuss the causes and effects of Economic Growth Economic Growth Before discussing the causes and effects of economic growth‚ I will define what economic growth actually is and distinguish between the two types of growth in the economy; actual and potential. On the whole‚ economic growth may be defined as ‘a long-run increase in an economy’s productive capacity and trend output’. The long-run output growth trend an economy achieves is indicated by the path of trend Gross Domestic Profit
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www.ccsenet.org/gjhs Global Journal of Health Science Vol. 4‚ No. 1; January 2012 The Effects of HIV/AIDS Scourge on Production and Income among Rural Households in Adamawa State of Nigeria Iya‚ I. B.‚ Purokayo‚ S. G.‚ & Gabdo Yusuf Department of Economics Federal University of Technology‚ Yola‚ Nigeria Received: October 12‚ 2011 doi:10.5539/gjhs.v4n1p245 Abstract The paper investigates the determinants and the impact of HIV/AIDS on households in Adamawa State. 120 respondents affected with HIV/AIDS
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EFFECTS OF CULTURE-CONTACT ON THE CONTEMPORARY NIGERIAN LIFE INTRODUCTION This Chapter attempts the review of various definitions of Culture. It also tries to bring out the common characteristics of culture in various definitions‚ which include being dynamic and transmittable from generation to generation. Factors that can influence culture in a particular society and how people can come into contact with the culture of another society are also highlighted. Some aspects of the Nigerian cultural
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food. Oil is the most widely used fossil fuel and also the most widely consumed fuel (over nuclear and renewable) globally with a usage of 38% (Enzler‚ 2010). As oil resources depletes the prices rise and become more of a financial strain on every economy. The price of gasoline/ petrol‚ a product of crude oil used to power many vehicles is gradually rising. Gasoline prices in the Bahamas have risen to an average of $5.20 per gallon from $4.2 in 2005 (Turnquest‚ 2005). While the price of fuel (gasoline/diesel)
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The Effects of a Slumping Economy Jennifer Crawford MGT 435 April 6th‚ 2009 The Effects of a Slumping Economy The Non-Effectiveness of some corporate decisions may have led us into this financial decline that we are seeing today. Not all decisions that are made in the business field are good ones. Some of those decisions can put the financial standing of a company in jeopardy or even push it right down the tubes. The economic struggle that
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Running head: ASSIGNMENT 1 Assignment 1 - The Effect of Globalization on The Chinese Economy Pilar R. Reyes Dr. Z. Judith Mushipe EDL 805-304 – Strategic Management of Global Change Saint Thomas University February 24‚ 2013 Globalization has early roots when when humans first settled into different parts of the globe. Globalization‚ however‚ has shown a solid and quick progress in modern times and has become an international
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following groups: underweight (BMI less than 18.5)‚ normal weight (BMI 18.5 to less than 25)‚ overweight (BMI 25 to less than 30)‚ obese (BMI 30 and over) . Excess body weight is associated with a significant burden of chronic disease‚ with negative effects on overall life expectancy‚ disability-free life expectancy‚ quality of life‚ health care costs and productivity. The prevalence of overweight and obesity worldwide has increased markedly over the past three decades. It is estimated that in 2008
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