and not in others? d. How rapidly is GDP currently increasing? 3. Which of the following statistics is usually regarded as the best single measure of a society’s economic well-being? a. the unemployment rate b. the inflation rate c. gross domestic product d. the trade deficit 4. For an economy as a whole‚ a. income is greater than expenditure b. expenditure is greater than income. c. income is equal to expenditure. d. GDP measures income more precisely than it
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mtfan@mx.cei.gov.cn Professor Ronglin LI Institute of international Economics Nankai University 94 Weijin Road‚ Tianjin‚ 300071‚ China Tel: 86-22-23505235 Fax: 86-22-23502437 lronglin@mail.zlnet.com.cn Acronyms and Initials CGE CoPS DFAT FTA GDP GNE GNP GTAP MMC MOFCOM nec ROW WTO Computable General Equilibrium Centre of Policy Studies Department of Foreign Affairs and Trade‚ Australia Free Trade Agreement Gross Domestic Product Gross National Expenditure Gross National Product Global Trade Analysis
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INTRODUCTION In order to evaluate the main measures of development and the most appropriate for Zambia’s development‚ this paper will discuss the main measures of development for better understanding. The paper will also discuss how these measures can be useful in measuring development and also the limitations they face. Thereafter‚ the conclusion will be drawn according to the possible findings presented in this essay. The main measures of development discussed include Income Per Capita and the
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year is neither too short nor long a period. Concept of National Income:- 1. Gross National Product (GNP):- GNP at market price is sum total of all the goods and services produced in a country during a year and net income from abroad. Net Factor Income from Abroad GNP at Market Price Gross Domestic Product at Market Price + = To calculate the GNP these points must be considered: * Consumer goods and services. * Gross private domestic income.
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Introduction National Income (Current Market Prices) €m Gross Product 2007 2008 2009 20101 GDP - Value 189‚933 179‚990 160‚596 155‚992 GNP - Value 163‚413 154‚673 132‚233 128‚207 GNI - Value 164‚621 155‚986 133‚592 129‚301 1Preliminary Source: CSO National Income (Current Market Prices) €m Gross Product 2007 2008 2009 20101 GDP - per capita 43‚773 40‚702 36‚014 34‚892 GNP - per capita 37‚661 34‚977 29‚653 28‚677 GNI - per capita 37‚940 35‚274 29‚958 28‚922 1Preliminary Source:
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instrumento upang ilahad ang anumang pag-unlad na narrating ng isang ekonomiya. Ito ang naglalarawan ng kalagayan ng isang bansa Mga Economic Indicators: Gross National Product (GNP) Gross Domestic Product (GDP) Per Capita Income (PCI) National Income (NI) Inflation/ Deflation Rate Gross National Product (GNP) Sumatotal ng lahat ng presyo ng mga nagawang produkto sa loob ng isang taon. Dito nalalaman ang pangkalahatang produksyon ng bansa Kasama dito ang kita mula sa ibang bansa Itinuturing
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Product Definition Net National Product (NNP) is the total market value of all final goods and services produced by citizens of an economy during a given period of time (Gross National Product or GNP) minus depreciation. Depreciation (also known as consumption of fixed capital) measures the amount of GNP that must be spent on new capital goods to maintain the existing physical capital stock. NNP is the amount of goods in a given year which can be consumed without reducing the amount which can
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Economics: 1) AD & AS 2) Four Sectors: HHS‚ BS‚ GS & FTS 3) Two Markets: Commodity Market and Money Market. • Specific issues to be addressed in Macro Economics: o Rising Prices o Rising Unemployment o Falling GDP o Balance of Payments Crisis. • Tools of Macro Economic Policy and Management: o Fiscal Policy o Monetary Policy o Other Policies: Trade‚ Price and Labour Policies. 2. The Key Macro Economic Concepts: •
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progress. The basic indicators of economic development of the country consider increase in indicators of GDP and GNP per capita‚ testifying to growth of efficiency of use of production resources of the country and growth of welfare of citizens. GDP is the total final output of goods and services produced within an economy for any given year‚ by both residents and non-residents. GNP is equal to GDP plus net factor incomes from abroad. Now for the main problems. The main problems‚ which Russia on a way
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services of an economic character (such as transport and communication networks‚ waste disposal‚ etc.) undertaken ordinarily by the government agencies. When the comparative advantage of government declines‚ the share of public expenditure in total GDP also declines (quoted in Peacock and Scott‚ 2000). Nigeria as a country is blessed with an abundance of resources – human and material. Over the years‚ these resources have been put to use leading to economic growth. In the same vein‚ government
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