Macroeconomics 3 Home assignment 1 Exercise 9.1 Data description Country: Mexico Indicator: Real GDP per capita (Constant Prices: Chain series) (I$ in 2005 Constant Prices) Name of variable: rdgp Frequency: Annual Period: 1950-2007 Number of observations: 58 Our first task is to compute the trend component of GDP: Let’s use the method described in Doepke’s book. First of all we need to compute the growth rate of real GDP for each period: we will create new variable GRATET it shows us the
Premium Menstrual cycle Economics Gross domestic product
NIGERIAN ECONOMY/GDP AND PRODUCTION Nigeria recorded a Current Account surplus of 11.60 percent of the country’s Gross Domestic Product in 2011. Current Account to GDP in Nigeria is reported by the African Economic Outlook. Historically‚ from 1980 until 2011‚ Nigeria Current Account to GDP averaged 1.2 Percent reaching an all time high of 37.9 Percent in December of 2008 and a record low of -18.7 Percent in December of 1986. The Current account balance as a percent of GDP provides an indication
Premium Balance of trade Balance of payments Macroeconomics
Chain-Weighted GDP Worked Example (corrected version of pg. 35 in text) One problem with traditional “real GDP” calculations is that‚ since it values all goods at base year prices‚ it looks like prices never change. As time goes on‚ goods whose prices go down (and quantities usually go up) are still weighted by the old prices‚ and consequently get too much weight in later years’ GDP calculations. The goods don’t require a large expenditure share‚ but if they are valued at base year prices‚ it would
Premium Gross domestic product Price Investment
Measuring National Income - GDP Name For the following items‚ follow the directions‚ write the correct answer in the blank‚ or circle the correct answer. Having applied for a job at the Commerce Department’s Bureau of Economic Analysis‚ you are given the following hypothetical data to study before your interview. Figures are total value in billions of dollars. Household spending on: Services = $3‚008 Nondurable goods = $1‚776 Durable goods = $706 Business spending on plant and
Premium Government spending Gross domestic product
has long been underestimated by economic authors but also by the government. The evolution of business ideas from the mercantile era (15th century BC) has yielded a lot in today’s business world. Businesses exist both in developing and developed countries. Each year‚ a large number of new businesses are started of which only a few are successful and grow larger. These businesses are both made by foreigners and nationals. This is also often by those who have worked for others and now want to use the
Premium Investment Economics Capital accumulation
The Reasons for Malaysia GDP to fall. (i) Conditions of Labour Market The employment condition in Malaysia is affecting mostly the manufacturing sector‚ which is represented by around 10% of the country as total labour force. Despite that‚ the revival of the local labour market seems to put ahead that the procedures taken by the Government under its fiscal stimulus packages to enclose the increase of unemployment in the country are effective. As firms in the manufacturing sector that were
Premium Inflation Economics Investment
Why is GDP per capita useful as a measure of living standards? What are the limitations of GDP per capita as a comparable measure of living standards? Gross Domestic Product (GDP) measures the monetary value of final goods and services produced in a given year by factors of production within a country. GDP reports are released on the last day of each quarter‚ reflecting the previous quarter. Therefore‚ it is measured on a quarterly basis and measures the level of economic growth in different countries
Premium Gross domestic product Economics Purchasing power parity
GDP or Gross Domestic Product is defined as the total market value of all final good and service produced in a given year. It is a simple formula that adds together personal consumption expenditures‚ gross private domestic investment‚ government purchases‚ and Net Exports‚ otherwise expressed as GDP= C+ Ig+G+Xn. The Social Security number was never supposed to be a number for identification. Just the same‚ GDP is being used for a purpose other than what it was designed for. It was not to be an indicator
Premium
com/1stock1_139.htm http://data.bls.gov/timeseries/LNU04000000?years_option=all_years&periods_option=specific_periods&periods=Annual+Data http://financeandinvestments.blogspot.com/2011/05/historical-annual-returns-for-s-500.html Jain‚ Rajiv‚ and Daniel Kranson. "The Myth of GDP and Stock Market Returns."2009. Web. 4 Mar. 2012. <http://www.virtus.com/vsitemanager/Upload/Docs/6141_GDPwhitepaper.pdf>. Rao‚ Rama. "Forecasting Future Returns." Financial Physics. N.p.‚ n.d. Web. 5 Mar 2012. <http://www
Premium Stock market Economic growth Gross domestic product
GDP is the best measure of a country’s “standard of living” Discuss Gross Domestic Product (GDP) is the value of everything produced in the economy for the year. It usually is used to provide economic growth rates and other important data‚ it is valued in terms of the cost of all inputs. Gross means total; domestic means it applies to everything produced within the economy‚ product means output. Standard of living refers to the wellbeing of the population‚ this requires a very wide range of data
Premium Gross domestic product Economics Purchasing power parity