and budget deficit. Economic growth is the expansion or the outward shift of an economy’s production possibility frontier which leads to an up rise to the living standards and welfare of the economy‚. economic growth is measured by real Gross Domestic Product (GDP)‚ this being the value of total income earned by factors of production in an economy in a year / quarter. When all the factors of production of an economy are fully employed the value of the economy’s production is potential GDP‚ (Parkin
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2.1: Country/Economy Profiles Vietnam Key indicators‚ 2013 GDP (PPP) per capita (int’l $)‚ 1990–2013 Population (millions) ........................................ 89.7 GDP (US$ billions) ........................................ 170.6 GDP per capita (US$) ................................... 1‚902 GDP (PPP) as share (%) of world total ............ 0.41 Vietnam 8‚000 7‚000 6‚000 5‚000 4‚000 3‚000 2‚000 1‚000 0 1990 1992 Emerging and Developing Asia 1994 1996 1998 2000 2002 2004 2006
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published in 2012. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.This page includes a historical data chart
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rates‚ the unemployment rate of the country rises more than ever as technology continue to be more advanced. The Philippines’ full year Gross Domestic Product (GDP) in 2013 grew by 7.2 percent‚ higher than the government’s expectations of 6 percent to 7 percent and despite several challenges that strained the economy last year (Lopez‚ 2014). Gross National Product in Philippines increased to 2075531 PHP Million in the fourth quarter of 2013 from 2047706 PHP Million in the third quarter of 2013 (Trading
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growth culminating in a 7.5% GDP growth rate in 2010 that was the country’s best economic performance in 25 years. But since 2010‚ Brazil’s economic growth‚ though still on the positive side‚ has been declining. (E. Bradford Burns‚ 2015) The gross domestic product (GDP) in Brazil was worth 2476.69 billion US dollars in 2011‚ according to a report published by the World Bank. The GDP value of Brazil is roughly equivalent to 3.99 percent of the world economy. Historically‚ from 1960 until 2011‚ Brazil
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strongest economies in the world. Also France is the wealthiest nation in Europe and the fourth wealthiest in the world in aggregate household wealth. French people take a lot care on their well-being and they spend a lot of money for high quality products. France has a high public education level and one of the highest standards in terms of living. It is the most visited country in the world with nearly 80 million foreign tourists every year which generates even more potential customers. The DESTEP
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GDP vs GNP GDP can be contrasted with gross national product (GNP) or gross national income (GNI). The difference is that GDP defines its scope according to location‚ while GNP defines its scope according to ownership. In a global context‚ world GDP and world GNP are therefore equivalent terms. GDP is product produced within a country’s borders; GNP is product produced by enterprises owned by a country’s citizens. The two would be the same if all of the productive enterprises in a country were
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of as the most significant single measurement of an economy’s performance. Economic growth is measured by the as the percentage increase in the value of goods and services an economy produces over a period of time‚ this also refers to the “Gross Domestic Product” GDP. The total GDP of Australia is 1.52 trillion dollars in 2013‚ expanded 0.80% in the fourth quarter of 2013 over the previous quarter. Whilst the total GDP of Japan is 4.52 trillion dollars in 2013‚ expanded 0.30% in the fourth quarter
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material affluence and of well-being have gone in opposite directions since the 1950s. We measure affluence in dollars or by other crude material measures. A person with more is more affluent. The affluence of a country is expressed as its gross domestic product (GDP)‚ the total value of all goods and services produced in and by a nation. It has long been observed‚ though‚ that GDP fails to measure what truly counts for human well being. A million dollars spent on prisons and toxic waste clean-up
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002CP Chandrasekhar_사 2010.6.23 5:47 PM 페이지29 (주)anyprinting(pmac) DEVELOPMENT AND SOCIETY Volume 39 | Number 1 | June 2010‚ 29-59 From Dirgisme to Neoliberalism: Aspects of the Political Economy of the Transition in India C.P. CHANDRASEKHAR | Jawaharlal Nehru University This paper argues that internal contradictions arising from the inability of the postIndependence Indian state to introduce the institutional changes and adopt the interventions needed for successful import-substituting
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