Introduction………………………………………..……………………….. 01 1.1 Objective of the report……………………………………………………… 01 1.2 scope of the study: 1.3 Methodology of the Report …………………………………………………01 1.4 Limitations of the study……………………………………….……………. 02 2.0 The concept of GDP and its elaboration…………………..……………….. 02 3.0 Some important concepts and their implication…………………………… 03 3.1 Consumption……………………………………………………………….. 03 3.2 Investment………………………………………………………………….. 04 3.3 Government…………………………………………………………..……. 04 3.4 Factors
Premium Economics Gross domestic product Macroeconomics
Question: ‐ Is It Possible to Guarantee Development Having Zero Real GDP Growth Rate? GDP:‐GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). Economic development Generally refers to the sustained‚ concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area. Economic development
Free Gross domestic product Economics Economic growth
GDP Macroeconomics is a branch of economics dealing with the performance‚ structure‚ behavior‚ and decision-making of an economy as a whole‚ rather than individual markets. Macroeconomists study aggregated indicators such as GDP‚ unemployment rates‚ and price indices to understand how the whole economy functions. More precisely‚ I want to talk about GDP which is Gross Domestic Product. GDP measures two things at once: 1. the total income of everyone in the economy. 2. The total expenditure on
Premium Goods Gross domestic product Macroeconomics
years 2010 and 2011. As seen in the graph‚ Japan’s economy made a plunge from year 2007 to year 2008‚ where GDP fell from ¥525‚469‚000 to ¥505‚794‚000 at a rate of 3.74%. This recession is the result of the world financial crisis that occurs from year 2007 to 2009. From the respective years of 2008 to 2009‚ Japan’s economy had made a further plummet by 2.02%. The sharp decline in real GDP of Japan results in an economic trough at ¥495‚570‚000 in the business cycle. Economists estimates that it was
Premium Recession Inflation Financial crisis
2.1 The comparison of GDP between Malaysia and Sri Lanka and its reasons The Comparison of Gross Domestic Product between Malaysia & Sri Lanka Year Country | Gross Domestic Product-Real Growth Rate | Malaysia | Sri Lanka | 2009 | -1.70% | 3.50% | 2010 | 7.20% | 9.10% | 2011 | 5.10% | 8.20% | Gross domestic product (GDP) is one the primary indicators used to gauge the health of a country’s economy. This is the statistic
Premium Tea Sri Lanka Economic growth
U.S. Economic Outlook: 2005-06 GDP Analysis In order to ensure competent and accurate forecasts for both 2005 and 2006‚ I obtained GDP information from a few different sources. Accessing the information without having to register at a "nominal" fee was a bit interesting at times‚ but nonetheless I found a couple of sites that all forecasted GDP and all of it’s components within a tenth of a percent of each other. The one I found easiest to follow and analyze was the TD Quarterly Economic Forecast
Free Unemployment Macroeconomics Economic growth
Gross Domestic Product‚ or GDP‚ is the value of all final goods or services produced in an economy in a given year. It is split into four different components: consumption‚ investment‚ government spending‚ and net exports. Consumption is 66% of GDP‚ and is divided into three separate parts: durable goods‚ nondurable goods‚ and services. Investment is 17% of GDP‚ and is divided into four separate parts: residential construction‚ nonresidential construction‚ purchase of capital equipment‚ and
Premium Macroeconomics Government spending Gross domestic product
Q 1. Describe three means by which a current account deficit in a developing country is financed When there is trade deficit‚ trade in goods and services and net flows from transfers and investment income are taking more money out of the economy than is flowing in. Aggregate demand will fall. It has to be repaid dissolving the following assets country holds 1. Foreign exchange deposits country has earned through the trade 2. Inward remittances done by nationals of that country staying abroad 3
Premium Economics Inflation Macroeconomics
Question 1 1. Economics studies _____. How society manages its scarce resources social welfare ethical use of resources protection of workers’ rights 5 points Question 2 1. GDP ______ Is the Gross Domestic Price Index Measures the market value of all final goods and services produced in the U.S. in a given year Measures the cost of inputs to factories in a given year Measures the unemployment rate 5 points Question 3 1. Inflation results in _____. A general decrease in
Premium Inflation
Gross Domestic Product (GDP)‚ since its introduction during World War II as a measure of wartime production capacity‚ has become the nation’s foremost indicator of economic progress. It is currently widely used by policymakers‚ economists‚ and the media as the primary scorecard of a nation’s economic health and well-being. However‚ GDP was never intended for this role. It is merely a gross tally of products and services bought and sold‚ with no distinctions between transactions that add to well-being
Premium Chernobyl disaster Nuclear power Nuclear fission