Ladies and Gentlemen: Thank you all for coming here today. As I come here today‚ I will explain to you the current state of the United States macro economy. In this press conference‚ we will be discussing some of the questions and concerns. Afterwards‚ if there are any more questions‚ we will answer them then. Macroeconomics can be simply explained as stating it is the way that the economy is examined. It helps us understand how a part of the economy grows and why sometimes it does not. It can
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After 60 years of Independence where do people of India stand today? We are one of the poorest nations in the world with over 612 million people – that is a staggering 50% of our population – suffering from multidimensional poverty. India stands at 161st position in terms of per capita GDP of the countries of the world. Our per capita GDP is $ 3500. We are behind even war-torn countries like Iraq‚ whose per capita GDP stands at $ 3800. Qatar has the highest GDP per capita of $ 160‚000. USA‚ in its
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INDIA VS PAKISTAN A MACROECONOMIC COMPARISON Prepared By: Tarun Gupta (119278005) Roy Paul Mathew (119278134) To compare any two countries‚ It is important to discuss about their economic growth and stability. This report compares India and Pakistan in macroeconomic view. We will discuss about GDPs ‚ PPPs‚ unemployment rate ‚ inflation rate of both the countries. Gross Domestic Product: Gross domestic product is the total value of goods and services
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Linda Luc Duong International Trade and Finance ECO/372 August 27‚ 2012 Matthew J. Angner International Trade and Finance When there is a surplus of imports brought into the United States it means that the price of the products will drop. Companies in the United States are competing with the Chinese made products will suffer from price drops on goods. Lower prices on goods will benefit consumers. Large screen Liquid Crystal Display (LCD) and High Definition Television (HDTV) is a good example
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Unit 7 Assignment Student Name: Please answer the following questions. Submit as a Microsoft Word® document to the Dropbox when completed. 1. Why does inflation make nominal GDP a poor measure of the increase in total production? 2. Which component of GDP will be affected by each of the following transactions involving FlyCheap Airlines? If you do not believe any component will be affected‚ briefly
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ECON (2155) DOCUMENT DATA EXERCISE #1 Consists of four parts Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade) Complete the following exercise Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under National click on Gross Domestic Product (GDP)‚ then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables‚ click “Begin using the data”‚ and use Section 1 - Tables 1.1.5 and 1.1.6 to
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Assignment 2 Problems for Chapter 11 1. The residents of Vegopia spend all of their income on cauliflower‚ broccoli‚ and carrots. In 2010‚ they buy 100 heads of cauliflower for $200‚ 50 bunches of broccoli for $75‚ and 500 carrots for $50. In 2011‚ they buy 75 heads of cauliflower for $225‚ 80 bunches of broccoli for $120‚ and 500 carrots for $100. a. Calculate the price of each vegetable in each year b. Using 2010 as the base year‚ calculate the CPI for each year (use 100 heads of cauliflower
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Exhibit 3.1 20000211DL-ZXL350_8(ECO-PERF) OUTPUT GROWTH IN SELECTED COUNTRIES Country GDP per capita growth (CAGR) GDP per capita at starting point (% of US) China (1990-97) 10.0 5 Korea (1970-85) 8.2 6 Thailand (1985-95) 7.8 10 Indonesia (1988-97) 5.9 6 India (1993-99) 4.2 4 Source: World Development Indicators; The Economist (2000) Exhibit 3.2 20000211DL-ZXL350_8(ECO-PERF) Indexed to US in 1996 = 100‚ 1990-99 BREAK-UP OF INDIAN
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INTRODUCTION Bangladesh has a population around 160 million (July 2008 est.). About 45% of them are still living below the poverty line. Bangladesh’s Human development index (HDI) is 139 (out of 177)‚ ranking as the lowest in the Asian country list. GDP per capita (PPP US$) is 1‚770‚ which make the countries HDI rank almost the same as the GDP rank. In Bangladesh Garment exports began in the late 1970s. But the scale was for a number of years modest up until the government’s 1982 New Industrial
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Topic 2 Explain why comparing the G.D.P. of various nations might not tell you which nation is better off. Use information from the World Bank website to support your answers. In your explanation refer to the limitations of using G.D.P. as a measure of economic welfare and where possible‚ refer to the countries in your table above. Due to the very complex methods used in estimating gross domestic product and the sheer enormity of the task‚ gross domestic product is very necessarily a less than
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