Affordable Care Act also called the Affordable Care Act (ACA) was signed into law on March 23‚ 2010. It has been the source of many heated political debates and has been under scrutiny since its inception. Currently‚ 18 percent of our U.S. gross domestic product is spent on healthcare‚ that equals out to approximately 2.9 trillion dollars and we don’t have the quality care to show as the results. With the costs continually increasing and the lack of positive results‚ something has to change in our
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governments and relevant organizations to understand‚ analyze‚ and to carry out cross-period and cross-region comparisons Perspectives from which to measure the quality of life and the case of Hong Kong Economic Perspective (i) Per Capita Gross Domestic Product 1.Relevant Concepts -GDP=total value of goods and services produced by all resident producing units in a specific period of time -it can reflect the general economic performance and people’s general quality of life 2.Relationship between
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Discuss 4 reasons‚ why using percentage change in Nominal GDP is an inadequate measure of Economic Growth? Nominal GDP (Gross Domestic Product) measures the total value of goods and services produced by an economy over a period of time‚ which is normally one annum‚ and is not adjusted. There are factors which means that the fact the Nominal GDP is not adjusted makes it an inadequate measure of economic growth. Economic growth is the increase in the amount of the goods and services produced by an economy over
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financial services. * Customer processing operations – the customer is transformed by the operation. Hospitals‚ hairdressers‚ education. * Services – the intangible outputs from an operation * Tangibility – goods are physical products that can be touched‚ seen‚ tasted‚ or smelled. * Simultaneity - services are distinguishable from goods in that their productions and consumption usually take place simultaneously. * Customer contact – services normally require some
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Teacher: Today we will talk about GDP. What is GDP? GDP is the abbreviation of Gross Domestic Product‚ which can present the economic growth in a country annually. (Every students is sleeping) Teacher: Hey! Everybody! Wake up! I will show you guys an interesting example. (The picture change) (There are 2 economists are walking on the street and debating about some economy question. Suddenly they notice that there was a poop.) E1 (shouted): Why there is a poop here! That looks so disgusting! Stranger:
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started this course‚ I had no idea of what GDP was and how this effect in the US economy. GDP Output‚ the most important concept of macroeconomics‚ refers to the total amount of goods and services a country produces‚ commonly known as the gross domestic product. The figure is like a snapshot of the economy at a certain point in time. Another subject I learned during this course was that Inflation is the third main factor that macroeconomists look at is the inflation rate‚ or the rate at which prices
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rise of China as a major economic power within a time span of about three decades is often described by analysts as one of the greatest economic success stories in modern times. From 1979 (when economic reforms began) to 2011‚ China’s real gross domestic product (GDP) grew at an average annual rate of nearly 10%. From 1980 to 2011‚ real GDP grew 19-fold in real terms‚ real per capita GDP increased 14-fold‚ and an estimated 500 million people were raised out of extreme poverty. China is now the world’s
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CONTRIBUTION OF AGRICULTURE‚ INDUSTRIES AND SERVICE SECTORTO GDP IN BANGLADESH FROM LATE 1950 TO TILL NOW Gross domestic product refers to the market value of all officially recognized final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country’s standard living. Economy of Bangladesh is composed of three main sectors 1) Agriculture‚ 2) Industry‚ 3) Service. Sector Wise GDP change in percentage: Year | Sector Wise GDP Change
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Bangladesh remains a poor‚ overpopulated‚ and inefficiently governed nation. Although more than half of GDP is generated through the service sector‚ 45% of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Bangladesh ’s growth was resilient during the 2008-2009 global financial crisis and recession. Garment export‚ totaling $12.3 billion in the fiscal year 2009 and remittance from Bangladeshis‚ totaling $11 billion in fiscal year 2010‚ accounted for
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Economic Survey of Pakistan 2002-03 An online publication by Chapter 1. Growth and Investment 1. Growth and Investment The outgoing fiscal year 2002-03 has region are expected to be the star performers with witnessed a sharp recovery in economic growth growth exceeding 6.0 percent. With the exception accompanied by equally impressive performance of Thailand‚ the other ASEAN countries are of agriculture and large-scale manufacturing. projected to grow by less than
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