problems of comparing the economic growth of the UK and developing economies using GDP as a measure One problem with comparing the economics growth of the UK and developing economies using GDP‚ is that GDP is not an accurate measure of the output of an economy because of the black economy. This means that certain pieces of data are not included in the calculation of GDP‚ therefore undervaluing the real output. Secondly GDP cannot be an accurate measure of the entire economic growth of a country. Factors
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Fiscal Federalism and the Growth of Local Government Expenditure in Nigeria (1976 – 2006): A Structural Analysis By Muhammed Tanimu NSU/ADM/Ph.D./032/10/11 A Seminar Paper Presented in partial fulfillment of the requirement for the award of Ph.D in Public Administration to the Department of Public Administration‚ Faculty of Administration‚ Nasarawa State University‚ Keffi 2012 Abstract The paper highlights and assesses the nature‚ quality‚ value of particular issues and matters that have
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he fear is widerspread among environmentalists that free trade increases economic growth and that growth harms the environment. That fear is misplaced. Growth enables governments to tax and to raise resources for a variety of objectives‚ including the atatement of pollution and the general protection of the environment. Without such revenues‚ little can be achieved‚ no matter how pure one’s motives may be. "Marathon runner threatens to pull out of 2008 Olympics fearing Beijing’s air quality"
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2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and The National Economic Reconstruction Fund (NERFUND) (Ojo‚ 2011). This makes it Nigeria’s oldest‚ largest and most
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Department of Economics‚ University of Uyo‚ Uyo‚ Nigeria Abstract: Unemployment in Nigeria is alarming. Its measurement by statistical authorities does not pose red alert. It has been discovered that the observed situation of unemployment is more serious than what official statistics want us to believe. The aim of this study is to examine unacceptable unemployment rate in Nigeria. Our findings show that labor force in Nigeria grows at more or less a steady rate of 0.3% every year while GDP growth rate at
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The ultimate engine of economic growth is new technology. According to economists‚ the growth of output per capita is a fairly recent phenomenon. This can be attributed to all the new technology people have discovered in the past few centuries‚ causing output growth to surge and accelerate faster than ever before in history. The result of all these ingenious‚ innovative inventions has been a total revolution in the way people live their lives. After examining the multitude of invention descriptions
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| Whole foods Market | Financial Findings | Table of contents: Summary of Operations…………………………………………………………….3-4 Financial position…………………………………………………………………….4-6 Financial ratios……………………………………………………………………...6-10 Historical view of the financial performance…………………………………....11-13 Industry comparison……………………………………………………………….14-15 References……………………………………………………………………………..16 Appendix……………………………………………………………………………16-28 (Investopedia) (Investopedia) (Yahoo Finance) II. Summary
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the firm is horizontal. No new firms enter or leave the industry. The number of firms in the industry‚ therefore‚ remain the same. Under perfect competition‚ the firm takes the price of the product as determined in the market. The firm sells all its output at the prevailing market price. The firm‚ in other words‚ is a price taker. Equilibrium of a Competitive Firm: The short-run equilibrium of a firm can be easily explained with the help of marginal revenue = marginal
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last twenty years the global economy has undergone enormous economic growth. Europe and North America‚ created a consumer based‚ materialist Tower Babel made of debt and excessive leverage. This Tower collapsed as confidence in the language of the financial world (debt‚ securitization‚ leverage and antidotes trust‚ liquidity and interbank lending) collapsed. Although the latest crisis appears to originate in the financial sector‚ the origins are much deeper. Capitalism and the relentless
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Macroeconomics Project Does the Economic growth of Philippines impact India Introduction The Economy of the Philippines is the 40th largest in the world according to 2012 International Monetary Fund statistics and it is also one of the emerging markets in the world. The Philippines is considered as a newly industrialized country‚ it has been transitioning from one based on agriculture to one based more on services and manufacturing. According to the CIA Factbook‚ the estimated 2012
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