GDP GDP (gross domestic product)‚ is the market value of all final goods and services produced in a country in a given time period. This definition has four parts: Market value‚ final goods and services‚ whether it was produced within a country‚ and the time period. GDP is a market value‚ which means that goods and services are valued at their market prices. A final good (or service)‚ is an item bought by its final user during a specified time period‚ a final good contrasts with an intermediate
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explain why it is said “economic growth is a race between depletion and invention. AS Macroeconomics / International Economy Economic Growth Growing economies provide the means for people to enjoy better living standards and for more of us to find work. But what is economic growth and how best can a country achieve it? Defining economic growth Economic growth is best defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead higher real living
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major changes in social structures‚ people ’s attitudes‚ national institutions‚ acceleration of economic growth and reduction of inequality. According to Kindleberger‚ Economic development means an increase in output of goods and services in the economy. It is more important than economic growth because economic development is more comprehensive process than economic growth. Economic growth is a quantitative term as it represents quantitative increase in the production of goods‚ services and factors
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Algae are simple organisms that typically produce their own food through photo-synthesis. They are similar to higher plants‚ but they lack many of the distinct organs that you will find in a higher plant. The higher plants are believed to have evolved from algae‚ and algae are believed to have gotten their capacity for photosynthesis from cyanobacteria. Algae can be unicellular as well as multi-cellular. Large and complex forms found in the ocean are commonly referred to as seaweed and can look very
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entitlements. Needless to say‚ the number of people who travel to exotic holiday destinations across the world is on the rise. The tourism industry has witnessed tremendous growth over the last few years. And it looks like it will continue this upward trend. So what are the advantages and disadvantages of this trend? The growth in the tourism sector has many advantages. In many parts of the world tourism has created more jobs than any other industry. Tourism helps countries to earn valuable
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Economic Growth Economic growth is the percentage increase in real national output in a given time period or the increase in the productive potential of the economy. Countries grwo at different rates‚ this is partly due to the fact that they are at different stages of their economic cycle. The economic growth for the UK is at 0.2%. The main measure of output is gross domestic product (GDP). GDP is the total value of goods and services produced in an economy during one year. Economic growth can be
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Lauren Seymour- Growth and Decay Procedure: For the growth part of this lab‚ we started with 4 M&M’s in the cup. We shook the cup and poured the M&M’s onto a napkin. Then‚ we counted the number of M&M’s that had the “M” facing up. Next we added a new M&M for each one that was facing up and continued this process until all of our M&Ms were used (11 trials). For the decay section of this lab we began with a full cup of M&Ms. We shook the cup and poured all of the M&M’s
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Assignment 1 Growth of Bones By: Asmaa Mohamed Bahaa ID: 2012189 Report on Bones’ Growth‚ Page 1 Assignment 1 BONE TISSUE ! Tissue Components Bone tissue is a type of connective tissue that contains lots of calcium and phosphorous salts. About 25% of bone tissue is water‚ another 25% is made up of protein fibers like collagen. The other 50% of bone tissue is a mixture of mineral salts‚ primarily calcium and phosphorous. ! ! Bone Anatomy Bone Forms Bones
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Growth of Motor Cycle Transport in Kenya | The boda boda bicycle transport business are believed to have originated in the Kenya boder town of Busia.Bicycles were used for a very along time in the town befor it was spread to the other towns in Kenya .The name boda boda is derived from the operation of the business across the border of the two countries of Kenya and Uganda .The boda boda is believed to have been started by afew people fro the luhya tribes of the area and it has grow in to very big
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Economic Growth 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‚ or real GDP. Growth is usually calculated in real terms‚ i.e. inflation-adjusted terms‚ in order to obviate the distorting effect of inflation on the price of the goods produced. Economic growth typically refers to growth of potential output‚ i.e.‚ production at "full employment". It
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