and electricity. Main goods to export from Indonesia are oil & gases‚ rubber‚ cement‚ plywood and food. In addition‚ Indonesia main export partners are Japan‚ China‚ and Singapore. PRODUCTION OUTPUT PERFORMANCE ANALYSIS Gross Domestic Product (GDP) Gross domestic product is the market value of the final goods and services produced within a country in a given time of period (Parkin‚ 2010). Indonesia GDP itself shows tremendous changes over 10 years. Starting with 234.77 billion USD in 2004‚ President
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utilized‚ an economy can only grow through increased productivity‚ i.e. grater output per person ( Sloman‚ Mark‚ 2000‚ pg 300). A more practical definition would go into the way that Economic Growth is calculated‚ generally in terms of the Gross Domestic Product which is the most common measurement of the income of a country; it is the sum total of the value of a country’s output over the course of a year (Atkinson‚ 1995‚ pg 33). On the other hand‚ GDP figures can be misleading‚ for example‚ a growing
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2 The Market Structure Perfect Competition - Pure competition - Large number of firms all producing essentially the same product. - Assumes that firms and buyers are “ PRICE-TAKERS” 4 conditions for Perfect Competition - Many buyers and sellers participate in the market - Sellers offer identical products - Buyers and Sellers are well-informed about products (perfect knowledge) - Sellers are able to enter or exit the market freely SUMMARY: No. of firms: Many Variety of goods: None Barriers
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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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Motivating factors of foreign direct investment in Pakistan Abstract: Purpose – the influence of market size and growth to attract FDI has been examined. Methodology/approach – This paper investigates whether FDI motivators affect FDI based on time series data for Pakistan covering period from 1988-2011. Findings – The result of the study indicate positive and significant relationship between FDI and market size and between FDI and growth rate. Originality/value – The basic contribution
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Acknowledgement In preparing a report‚ one needs a lot of assistance and guidance from reliable sources. This report also stands on basis of such efforts. This is a pleasure express my gratitude to the course instructor for giving us the opportunity from which we have achieved a lot of practical experience. At the very outset‚ I would like to express my deep respect to my honorable instructor‚ K.M. Zahidul IslamLecturer of Economics‚ Business school‚ Independent University‚ Bangladesh‚ for
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has become one of the fastest growing economies of the world. The main source of economic growth is the mining‚ substantial part of nation’s economy based on investments; although recently the role of consumer demand significantly increased in the domestic market. Kazakhstan’s economy in 2013 was characterized by a gradual decrease in the rate of GDP growth. Reason for the decline of GDP growth was negative factor of state of the world’s macroeconomic. Guideline I. Introduction The Republic of
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associated with rising profits and consumption? A B C Prosperity Downswing Trough 1.1.3 Deliberate action by the South African Reserve Bank to lower the value of the rand is known as … A B C depreciation. appreciation. devaluation. 1.1.4 Products of a perfect competitor are … A B C unique. differentiated. homogenous. 1.1.5 Industries where economies of scale are so large that a single business can supply the
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behavior of the entire economy of a country. So in addition to households and firms‚ it also looks at the government and frequently at the rest of the world. The four target variables that all macroeconomists are concerned about are: (1) Gross Domestic Product (GDP): This looks at how much goods and services are being produced in the country (or how much is everyone’s income taken together). They try to maximize this. (2) Unemployment: This has to do with how many people have jobs and how many
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half of 1950’s as by an increase in income per capita compared to other East and Southern Asian countries. The implementation resulted to rapid growth of manufacturing net domestic product (NDP)‚ averaging 12 percent growth per annum in real terms contributory to an average 7.7 percent growth in the Gross National Product (GNP). In the second half of 1950’s‚ the real GNP growth was down to 4.9 percent. In respond to this‚ the government took actions to oppose the declining economy by devaluating
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