2-е изд.‚ перераб./ Т. ’ ’. Сорокина. ’" Мн.: Б ’"ЭУ‚ 2004 c.20-30 12 13. Макроэкономика: Под ред. М.И. Плотницкого. М.: Новое издание‚ 2002.-462с. - (экономическое образование) c. 252-257 14 |Emerging Europe: Total Public Debt‚ 2004 | |Percent of GDP |
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• Micro vs. Macro • Microeconomics – the study of how individual households and firms make decisions and how they interact with one another in markets. • Macroeconomics – the study of the economy as a whole. – Its goal is to explain the economic changes that affect many households‚ firms‚ and markets at once. • The Two Groups of Economists • Macroeconomists • Focus on the economy as a whole. • Spend much time analyzing how total income changes and how changes in income cause changes in
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National Product (GNP) is the total dollar value of all final goods and services produced for consumption in society during a particular time period. Its rise or fall measures economic activity based on the labor and production output within a country. The Gross Domestic Product (GDP) measures output generated through production by labor and property which is physically located within the confines of a country The gross domestic product GDP) and the gross national product (GNP) of the country is
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What are the uses of National Income figures? Before understanding the uses of National Income figures it is of the utmost importance to define National Income and the three methods used to calculate it. National Income is the aggregate money value of goods and services produced by the factors of production over a given period of time in a country. It is the annual report and as a result it is referred as the real income‚ that is‚ income measured in terms of goods and services. When there is income
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BOTSWANA 1. 2. 3. 4. GENERAL OPERATING ENVIRONMENT ENERGY AND RENEWABLE ENERGY ENVIRONMENTAL GOVERNANCE ORGANIZATIONS‚ SOURCES‚ REFERENCES BOTSWANA report 2 (27) -1GENERAL OPERATING ENVIRONMENT 1.1 Basic Facts & Geography 1.2 People & Society 1.3 Culture & Business Culture 1.4 Infrastructure & Logistics 1.5 Government & Legislation 1.6 Economy 1.7 International Trade‚ Botswana & Finland 1.8 Education 1.9 General Operating Environment - Summary BOTSWANA report 3 (27) 1.1 BASIC
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OIB UK History / Geography Can development be measured by economic indexes alone ? (detailed plan) In order to answer the question‚ we first need to define what we mean by development: -Economic sense of the word (GDP‚ GNP‚ economic growth‚ etc ) -Quality of life (enough food‚ hospitals‚ education) -Politics‚ Religion‚ Human Rights (this is seen from a European/American point of view‚ seen from other countries‚ this may not come into account) -Ecological Sustainability Basing ourselves
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These are Discussion questions for Business Economics 150 ward count for each question 1. For many years (actually centuries)‚ the dominant Christian church of the world forbade anyone to print a copy of the Bible in any language other than Latin. After the invention of the printing press‚ several people printed the Bible in languages other than Latin (including German and English) without permission. Some of those people were convicted and executed. Is this a warning to those who fear that others
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National Income National income is a sum of incomes received in a year by a nation’s factors of production for their contributions to economic activity; or a sum of wages and salaries‚ interest‚ rent‚ and profit received during a year by a nation’s factor of production. It excludes gifts‚ consumer debt‚ grants and benefits received without engaging in any productive or economic activity. National income accounting refers to the set of rules and techniques of measuring the income of the economy
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regarding the license‚ please visit http://creativecommons.org/licenses/by-nc-nd/2.5/ or consult the last page of this guide. II. Basic Economic Measurements Gross Domestic Product Gross Domestic Product (Expenditures Approach) Expenditures approach: GDP = C + Ig + G + Xn C = personal consumption expenditures (durable consumer goods‚ nondurable consumer goods‚ consumer expenditures for services) Ig = gross private domestic investment (all final purchases of capital by businesses‚ all construction‚ changes
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it. Focused industries As proposed by the Government decades ago‚ there are four ‘pillar’ industries in Hong Kong‚ namely‚ financial services‚ trading and logistics‚ tourism and producer and professional services. They account for about 60% of GDP and nearly half of the total workforce‚ in which construction industry is counted in the producer and professional services. In the 21st century‚ the Government wants to look forward and follow the trend of technological and advanced world‚ they proposed
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