rates for Tamil Nadu (9.8)‚ Gujarat (9.6%)‚ Haryana (9.1%)‚ or Delhi (8.9%) were significantly higher than for Bihar (5.1%)‚ Uttar Pradesh(4.4%)‚ or Madhya Pradesh (6.5%).[2] India is the fourth-largest economy in the world and the third largest by purchasing power parity adjusted exchange rates (PPP). On per capita basis‚ it ranks128th in the world or 118th by PPP. The economic growth has been driven by the expansion of services that have been growing consistently faster than other sectors. It is argued
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UNIVERSITY OF ILLINOIS Department of Economics Economics 420 / 523 International. Economics Mid-Semester Examination October 20‚ 2005 Professor W. Baer a) Bretton WoodsSystem Marshall-Lerner conditions .’.F’ Purchasing power parity‚ ......_..-.--d) Amortization‚ ‚-~" ~ Offer curve‚ ‚:’\ ’~"--/ f-) Foreign trade mu1. tipl.ier. ~ g); Impact of capital. movementon exchange Autonomouscapital. movements ’" .$J i .\.~i h-!J. ‚" ~. !.. . "..... to’ :·-.r of citizens
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Longevity is measured by life expectancy. Knowledge is measured by a combination of adult literacy (two-thirds weight) and mean years of schooling (one-third weight). Standard of living is measured by purchasing power‚ based on real GDP per capita adjusted for the local cost of living (purchasing power parity‚ or PPP). How to Combine Indicators The breakthrough for HDI was to find a "measuring rod" for socio-economic achievement recorded in different units. The HDI sets aminimum and a
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products because of competition. But on the other hand it may affect negativily the domestic firms more over it may cause some kinf of monopoly as the BRICs taking the lead. 3. Compare and contrast the merits of GNI per capita versus the idea of purchasing power parity‚ human development‚ and green economies as indicators of economic potential in Brazil‚ Russia‚ China‚ and India. GNI per capita is an indicator on the wealth and PPP of the nation‚ but the Human Development Index measures life
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Major Functions Of RBI Introduction The RBI was established by passing "trasfer of public ownership Act" in Sep-1948 under which the ownership of the bank was passed into the hands of the Government of India with effect from 1st january 1949. Fuctions: The fuctions are classified into three heads‚viz.‚ A) Traditional functions B) Promotional functions and C) Supervisory functions. lets see the detailed accont in these heads.‚ A) Traditional functions 1.Monopoly of currency notes issue
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China’s rapidly growing economy and its pending implosion Granted the most recent and extreme circumstances of the United States Financial System‚ there has only been one International player that has received a comparable level of news coverage. Out of what investors refer to as the BRIC countries: Brazil‚ Russia‚ India and China; China and its rapidly growing economy has gained full attention by investors‚ and most importantly US and international federal policy makers. In the following paragraphs
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John Fernald‚ Prakash Lougani‚ and John Schindler. 2003. China and emerging Asia: Comrades or competitors? International Finance Discussion Asian Development Bank. 2007. Purchasing power parities and real expenditures. Bai‚ Chong-En‚ Chang-Tai Hsieh‚ and Qingyi Qian. 2006. Returns to capital in China Balassa‚ Bela. 1964. The purchasing power parity doctrine: A reappraisal. Journal of Political Economy 72 (6): 584–96. Bosworth‚ Barry. 2004. Valuing the renminbi. Paper presented at the Tokyo Club Foundation
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industries to employ more modern‚ environmentally friendly technology 3. A method which adjusts GDP to account for different prices in countries is called: A. Cumulative distribution function B. Nominal GDP C. Current currency exchange rate D. Purchasing power parity 4. The following are characteristics of the nature of India ’s current relationship with multinational business except: A. In recent years the number of multinational businesses investing in India have been sharply declining
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country. Also it only includes money in the country‚ if money made outside of the country was also included the income per capita for each country would change‚ some would increase by more than others‚ and give a better overall view of development. Purchasing Power Parity (PPP) is also not taken into account with income per capita; this means that the cost of living in each country is not accounted for so development may appear better in some countries than it actually is. Income per capita can be used
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MIDTERM REVIEW QUESTIONS NOVEMBER 2010: Zahlungsbilanz und Devisenmarkt (1) What accounts for most of the activity in the foreign exchange market? (a) Inter-bank trading (b) Government transfers (c) Sale of good and services (d) Government purchase of assets (e) Foreign imports Answer: A (2) A country’s current account (a) balance equals the change in its net foreign wealth. (b) balance equals the change in its foreign wealth. (c) surplus equals the change in its foreign wealth. (d)
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