A GDP comparison of India and China China and India are the two giant’s economies of Asia‚ which are now regarded as the “success stories” for their massive economic development for the past two decades. On their way to economic growth they have more dissimilarities than similarities. The most common things among them are their ancient civilizations‚ population‚ covering substantial geographical areas and developing economies of the world. They both apparently benefited from globalization as well
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June 2012. Discuss how the 2012 GDP and its components were affected under the three different approaches of GDP accounting. A garage was operated by Peter. In March 2012‚ he spent $60‚000 buying a 5-years old second-hand car. Also‚ he paid his worker $5000 to repair and clean up the engine. In June 2012‚ he sold the car at $68‚000. In Q7.1‚ It requires us to find the changes of gross domestic product (GDP). First‚ I would state the definition of GDP. GDP refer to the market value of all
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Explain why GDP is not a perfect measure of economic well being of a nation. By definition the GDP (Gross Domestic Product) is a measure of the income and expenditures of an economy. Also‚ it can be defined as the total market value of all final goods and services produced within a country in a given period of time. Base on GDP definition and base on many economist points of view regarding to the definition of well being. I understand that GDP is not a perfect measure of economic well being
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Would you prefer home schooling or public schooling? There are a lot of questions that run through a parents mind when making decisions when it comes to their children’s education. Both home schooling and public schooling have their pros and cons‚ but many parents often question which one is actually better for their child. Home schooling will provide a more direct and focused education than public school. Public school is better in many ways including children get to be social among children of
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of time to another. It can be measured by gross domestic product (GDP) and this can give us a measure of economic performance. Actual economic growth is an increase in GDP. There are various distinctions used in the context of economic growth such as nominal GDP so the face value and real GDP which is when GDP is adjusted for inflation. It can be said that economic growth can be a useful measure of economic performance because GDP can be calculated per capita‚ or per head of population. Economic
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The Gross Domestic Product (GDP) The Gross Domestic Product (GDP) of a country is commonly defined as the total market value of all final goods and services produced in a country in a given year. The fact that it is measured regularly and quite consistently in practically all countries of the world allows a direct comparison of the standard of living in individual countries. The frequent measuring also makes it possible to quickly recognize changing trends. For example‚ it is used to
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Compare and contrast eating at home and eating out Life is more and more modern and convenience but people are busier. Nowadays‚ eating out becomes more popular. Restaurants are like heroes which rescue busy people from cooking because they have no time to prepare food at home. Some people choose restaurants to enjoy their meals‚ while others prefer to prepare and eat at home. Therefore‚ the choice between eating at home and eating out still raises many debates. Eating at home and eating out share similarities
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as The Garden Depot‚ located in Barrie‚ Ontario. By 2007‚ The Garden Depot operated a successful 12‚000 square-foot retail store‚ a law maintenance division and‚ a landscaping division. Due to the nature of the gardening business‚ The Garden Depot’s sales fluctuated with seasonal demands. An important individual and key player in the business is Janice Bowman. After thirteen years of service with one of The Garden Depot’s competitor’s‚ Bowman was offered a position at The Garden Depot in 2005. In March
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are more convenient than going to the theatre because you save money‚ feel more comfortable‚ and waste less time. First of all‚ when you rent a video to watch at home‚ you can save a lot of money. Video rentals usually cost around $3.99‚ while a single ticket at the theater is $5.00. Everybody can sit down and enjoy the movie at home for the same price‚ but at the theater everybody has to pay for their own ticket‚ including kids‚ who have to pay $3.50 each. Four people would end up paying approximately
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Although home school is a more personal one on one atmosphere‚ public school offers teachers with degrees and individual teachers for each subject. This is a personal decision parents have to decide. Both options have their good points and bad points. When it comes to teaching a student‚ both educational ways have completely different ideas on how they think the best way. Public Schools use a general system that seems to work for a majority of the students. Home School is based a lot on the
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