Essays on Gross Domestic Product

Data Exercise

Part 1 As the table above shows, the Nominal GDP is always higher than real GDP (Bureau of Economic Analysis, 2016, Table 1.1.5). The difference is attributed to the inflation that is accounted by real GDP. Thus, in other words, real GDP is a nominal GDP adjusted for the inflation. This adjustment is measured by GDP deflator that reflects the price change in the current year comparing to the base or previous year. The percentage change of the nominal GDP in the last quarter analyzed compared to the previous period was 1.2 %, while the percentage change of the nominal ...

Despite the country’s small size, Japan has depicted quite contrasting economies before and after the Second World War. Up to the moment, the country has had three distinct political and economic periods; the Edo which began in 1603 and went on up to 1868, the Meiji Restoration and the final period which began after the Japan’s defeat in the Second World War in 1945 and runs up to now. Each of the three economic periods was characterized by unique factors which necessitated the government to initiate remedies so as to avoid plunging the country into an economic ...

International Business Division

International Business Division

The population of Germany accounts for 80.6 million, out of which 74% population accounts for the urban population. The ethnic amalgamation is found to be extensive due to the prevalence of German population with the majority of 91.5%, Turkish population with the majority of 2.4%, whereas 6.1% population accounts for the Greek, polish, Italian and Spanish minorities. In accordance with the religious aspects, 34% population accounts for the Protestant, whereas 34% population accounts for the Roman Catholic. Similarly, 3.7% population accounts for the Muslim religion, however, 28.3% population account for the other unaffiliated religions (Statista, 2016b). ...

Introduction

Economic performance is an important aspect that every country needs to consider if it intends to monitor its progress development-wise. Conducting this performance reviews involves reviewing the Gross domestic product values that a country registers every year and formulates a trend upon which certain conclusions can be drawn. The information obtained from this process is very reliable which means that decisions can be made based on this. Therefore, the essence of this paper is to apply various macroeconomic concepts to the economy of Singapore. From the information, it is possible to extract significant information such as unemployment rate in ...

Literature Review

It is found that oil prices have undergone critical decline over past couple of years for several reasons at the bottom of this decline. However, reducing demand triggered by increased production of oil in USA, over production by OPEC, and shift towards renewable sources of energy is considered the most fundamental reason behind current downtrend of oil prices. It conforms to the simple theory of demand and supply according to which demand and price are in positive, while price and supply are in negative relationship with each other (Stafford, 2015; Scott, 2015; Goldenberg, 2016; Arnold, 2008; Hensher, Rose, & Greene, ...

Introduction

Brazil is one of the fascinating developing economies, which economic and social progress over the period of 2003-2014 lifted over 29 million people from extreme poverty. Based on the World Bank (2015) statistics, the inequality rate in the country fell by 11% with the income level of the poorest 40% of the population rose by as much as 7.1% over the same period. At the same time, global financial crisis and political instability in the country over the past few years have had its negative impact on the economy as a whole, reflecting stagnation in inequality reduction and deterioration ...

The journey towards the European Union (EU) integration has experienced several turnings. This section of the essay will detail some of the core turning points in the EU integration. Establishment of a Common Agricultural Policy (CAP) was a major turning point in EU integration. The Treaty of Rome defined the specific objectives of the CAP. The CAP was introduced in 1962 (Folmern.p). The establishment of the CAP was enshrined to the state of food shortages after World War II. The aim of the CAP was to build a common European Community market and to cut off tariffs on agricultural ...

Abstract

In 2009, the US government slashed Medicare reimbursements pushing over two-thirds of health care providers into losses. Medicare reimbursements are expected to increase in the future albeit more slowly than the rise in the cost of providing quality health care. The challenge for BSA is to be able to align its costs in a way that they are able to deliver quality health care at a much lower cost. The key is to measure both the cost and the outcomes of the health care. There is need to establish an accurate system of measuring costs, as well as to ...

Eclectic Forecasting Research Paper

1. The year 2007 is the third year of a series of three consecutive years of broad-based growth in the world. Although developed economies and underdeveloped economies had a world average growth of 3.4 % in 2007 with a previous growth of 4.9 in 2006, the perspective for that year was to an increase in the world growth in 2008 with a value of 3.6% (QUOTE). In the year 2006, 96 of 159 economies of the world increased their gross domestic product with a value higher than 3%, and only nine countries had a negative growth in 2006. The challenge ...

Abstract

The US economy thrives on the proper functioning of the monetary policy of the government of the day. Interest rates, inflation and recession are all related and happen to influence proper functions of the government warranting their clear understanding. As a victim of a recent economic recession, a consideration of the role of interest rates on the overall functioning of the economy becomes particularly important. This paper shall seek to understand the concept of interest rates and how they affect the economy of the United States of America. The paper, in doing this, shall consider the causes of the ...

Introduction

Modern economies have multiple agents. A proper understanding of economic principles enables agents to work successfully in their endeavors. Mankiw (2015) describes economic principles which will be used in this paper to answer specific questions.

How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources

Scientists develop different hypotheses and models to explain world phenomena. Likewise, economists attempt to create models which describe reality and, more significantly, use those to make predictions that guides people, businesses, and governments (Mankiw, 2015). Since economists can hardly use a laboratory as in a physical experiment – although there has been mock economic experimentation – they usually refer to the natural experiments offered by history ( ...

INVESTMENT ANALYSIS OF VIETNAM

INVESTMENT ANALYSIS OF VIETNAM

Summary

Vietnam has changed in the last thirty years from an agrarian country to a service and manufacture country leader in the world in growth and economic activity. The country has a communist system legally but, in the practice, the country has a liberal policy in the economy signing the Trans-Pacific Free Trade Agreement but maintaining the political control under the rule of one party. The country offers opportunities and risks for individual and corporation with the intention to invest.

Introduction

Vietnam is known in the world as the country where United States of America lost a ...

REFLECTION

Answer # 1 A research shows that the four functions of the management process are planning and decision-making, organizing, controlling, and leading. The management sets the company’s objectives and determines methods to attain them in the planning and decision-making stage. In organizing, the management decides the effective way to group engagements and reserves. The controlling stage screens and adjusts continuing jobs for facilitating the achievement of objectives. The last function of the management process is leading which motivates workers to undertake tasks seriously for a company’s best interest (Ricky Griffin 6-8). I worked for Great Experience, where I ...

Gross Domestic Product

In this document, readers will be presented with the concept of macroeconomic and its involvement in the development of a gross domestic product. Macroeconomics deals with the routine, arrangement, performance, and management of an economy. It includes national, provincial, and international economies. The most important measure of economic activity in a country is the Gross Domestic Product (GDP). The GDP of any country can be improved by increasing its disbursement, production, and profit. To measure the GDP of any country, one needs a consequential aggregation of all categories of manufactured produced. The territory's manufactured products are the crossing result ...

Introduction

Health has been defined as the best wealth for mankind. The age old proverb that, ‘Health is Wealth’ stands true all the more today, in this contemporary world where suddenly the number of illnesses are on the rise and each day mankind is confronted with a new type of disease caused by some virus or the arise of some new mutant bacteria. The result is an outbreak of an epidemic, causing a huge loss to humanity and a situation of panic for the entire world. Such consequences require immense support in terms of disaster mitigation and sound health care ...

COUNTRY COMPARATIVE ANALYSIS REPORT

Introduction 3 Economy 3 Government 3 Ecology 4 Culture 5 Gender Relations 5 Religion 6 Healthcare and Wellness 6 Food System 6 Education System 7 Housing and transportation 7 Sports 8 Conclusion 8

Reference List 9

Introduction China and United States of America are considered the two world superpowers, both are fixed members of the Security Council and established official relations since the visit of Richard Nixon to China in 1976. Both countries are leaders in different fields as economy, sports, culture and its influence in the world. Economy The China economy is the most important of the world measured in Gross ...

Investment Report

Background In this section, a brief overview of my personal experience in this field of investment and the personal risk tolerance that comes up together with the objectives and the goals will be touched a little bit. No one can dispute my experience because I was able to manage a good portfolio successfully in the Saudi market regarding investments in stock and this has empowered me skillfully (Dunning, John H 30). The abilities gained and all the tricks learned shall be applied by me in the successful investment in the stock market field. The major aim of all these ...

Analysis of GDP and Its Limitations

Analysis of GDP and Its Limitations

Introduction

Predominantly, economic well-being has great connections with social well-being (Easterlin, 2001). As such, most of the public policies that are intended to improve the social welfare are usually directed towards variables that indicate economic welfare. However, not all aspects of social well-being have direct linkage with economic wellness. Thus, economic progress in a country does not entirely translate to social happiness among citizens since some economic growth policies involve trade-offs between social risk and income growth (Bok, 2009). In essence, economic well-being entails a measure of economic wellness of citizens in a country ...

Abstract

Regression analysis is the statistical technique commonly used in econometric modeling and carrying out economic forecasts. This study sought to assess the precision multiple linear regression in evaluating the evolution in real GDP per capita in the USA between 1998 and 2011 using expenditure approach. Three macroeconomic variables were used; Gross domestic product, net investment and final consumption. Net investment and final consumption are model regressors predicting GDP. The researcher used MS Excel to carry out all the statistical analysis on the data. The analysis result shows weak linear development GDP increment. Small fluctuations were observed around the fitted ...

Introduction

The hydrographic printing technology was developed in 1988. The investigator Motoyasu Nakanishi of company Kabushiki Kaisha Cubic Engineering registered the first patent for the hydrographic printing technology on 26 July 1992. The principle is almost the same of the current hydrographic printing technologies where a transcription film is inserted in a painting apparatus with water. The machine transfers the painting film to the surface. There are many applications in the hydrographic painting in the automotive industry, interior design and industrial applications. The needs of customization and personalization are the force that gives the energy to this industry and the ...

INDICATORS:

Income level: High Income Population: 35.54 million (“Data” 2014) GDP at market prices (Current US$): $1.785 trillion (“Data” 2014).

GDP per capita (current US$):

$50,230.8 (“Data” 2014). GDP growth (annual %): 2.44 (“Data” 2014). FDI Inflows: $59.6 billion in 2014 (“Trade Policy Review” 5). FDI Outflows: $58.2 billion in 2014 (“Trade Policy Review” 5).

Balance of Payment:

Current account balance (BoP, current US $): (-) $ 37.47 billion (“Data” 2014). Current account balance (% of GDP): (-)2.1% (“Data” 2014). Import of goods and services (BoP, current US$) : $580.7 billion (“Data” 2014). Exports of goods and services (BoP, current US$) : $564.6 billion (“Data” 2014). ...

ECON 4331W

Introduction The phrase "the rich get richer while the poor get poorer" has become a worldwide anthem at many political and economic forums. While these facts are actually true very few or practically no one goes forward to act in a manner seen to strike a balance if anything many individuals are individualistic and greedy. Elite economists from IMF recently released a study on the causes and consequences of rising income inequalities. It is believed as a result of income inequality there could arise a myriad of complex problems, most of which touch and significantly impact upon the economic ...

A lot of people in America have had a perception that people who are using marijuana have horrible characteristics in common, but the truth is that they failed to understand Marijuana have a lot of importance to not only the body of the user but to the entire life of an individual. Indeed, the threats of Marijuana have dependably been misrepresented, and its arrangement has been an exit from extent. The perspectives about the utilization of the cannabis have been developing throughout the decades. Indeed, as the plant has been there for centuries, its legality to use and distributed ...

The Global Economy and International Trade

Introduction At the same time, it would be paramount to draw attention to the importance of international trade concerning the economy of the United States of America. This is due to the facts that the country reveals as a superpower and because the entire amount of both exports and imports results in an honorable second place worldwide (fn. – America waives the first position to China, of course). In advance, I feel an inexorable desire to note that since the time the United States of America had become a state and until nowadays, the country has been altering its directivity ...

Introduction

One of the primary factors that influence the public transportation sector in Saudi Arabia is the low petrol prices. Saudi Arabia is well known for its abundance of oil. Given that it’s one of the global suppliers of oil, petrol in the country is very cheap. The low prices make it more desirable for the public to use private transportation since it is affordable and this may not change anytime soon. Nonetheless, Saudi Arabia still has a public transport network. It is, therefore, essential to look into the economic and societal impact public transportation has on the Saudi ...

Introduction

Germany is a leading and developed country of the Europe and has a remarkable influence on the economic structure and policies in the Europe. The country has an area of 357021 square kilometers and a population of 81.4 million people. The economic structure of Germany is social market structure. The country is rich in highly technical and skilled workforce, low levels of corruption and high capital stock. The major reliance is on the exports, and the country is the third largest exporter in the world. The economy of Germany is largest in the Europe, and the makes a fifth ...

The city of Dubai, in the United Arab Emirates, has long been revered as a beautiful and wealthy city. The tourist attraction boasts of “lush tropical landscapes implanted in its desert” and supports a local population of over 2.5 million people. In the center of its native climate, this developed city has come with some serious consequences and it is through development deficits, coupled with improper planning, that we see the most remarkable impact that this powerhouse has on the environment, society, and the world at large.

Context

Dubai is a city that seems to have it all in terms ...

Abstract

This study used Al Ahli Bank of Kuwait to complete research on the effects of the global economic crisis on the financial performance of conventional banks in Kuwait over the period from 2000-2015. The study results show that the global economic crisis does not have a statistically significant impact on the financial performance of conventional banks in Kuwait. However, the study finds out that some macroeconomic conditions such as equity and bank size are very crucial to traditional banks’ profitability. Increasing the owner's equity was found to decrease the impact of the financial crisis on the conventional banks in ...

The increase in taxes to those wealthy Americans will have a statistical impact on the growth of the economy and to its driving factors including the savings, investments, labor supply and the productivity growth. Having high taxes on the wealthy helps in financing more in investments that are found in different fields including those investments in the education, scientific research and infrastructure of which are critical to the growth of the economic prospects especially those in the middle class. It is possible because the high taxes on the wealthy leaves the country with much to spend on other main ...

Part One

Part Two The International Monetary Fund (IMF) aims at providing loans to the nations in need as well as stabilizing the exchange rates. Among the roles of this organization include helping countries handle the economic crisis, promoting the stability of their exchange rates, and surveilling the economies. Greece, Iceland, Ukraine, and Hungary are among the numerous countries that the International Monetary Fund has given financial support during their difficult economic and financial times. Thus, this part of the paper explains the recovery process in each of these four countries. Greece has been experiencing economic challenges and financial difficulties for ...

How the Economic Effect the Population

Population growth and economy are factors that must be considered for planning reasons. The last century saw growth of human population that was majorly because of improved health and various scientific innovations. Currently, the world population stands at 7 billion people. This is a great number that sustainable and effective economic activity must be pursued to help meet the demand for food. Generally, it is agreed that with increased in good economic outlooks of different countries, the general population will rise. There are different countries that have proved this trend right especially countries within Asia such as China and ...

Goal

The goal of this exercise is to explore the growth rate of the Gross Domestic Product and the Dow Jones Industrial Average between 1980 and 2015 and to determine whether there is a relationship between the two variables.

Method: Application of Statistical Methods

Step 1: Mean, Standard Deviation and Coefficient of Variation Step 2: Graph of Down Jones Industrial Average and Gross Domestic Product Figure 1 showing the graph of the Gross Domestic Product and the Dow Jones Industrial Average between 1980 and 2015 Figure 1 above shows that during the period considered, the Dow Jones Industrial Average experienced a more pronounced variation in ...

Gross National Product or Gross National Happiness

It will not be a matter for an ace economist or even a budding economic graduate to gauge the nation’s growth through its Gross Domestic Product (GDP). A vintage multiple, GDP has long been used to forecast the productivity of a nation by summing the amount of goods and services produced by a nation during the year. Ironically, this economic multiple has the biggest flaw: It only measures money. We believe that our generation knows least about the Great Depression so let us propose our ideas by citing the recent financial meltdown of 2007-08 when even the world’ ...

Abstract

The Eden Hotel Apartment project is a new service apartment concept for central Dublin. Dublin and Ireland as a whole are experiencing a resurgence in economy; with this resurgence has come the desire and market demand for more service hotel options in the city. This document includes the concept proposal associated with this particular project as well as market analysis, partnership information, and financing information that is prescient for the market this project would enter into in the city of Dublin. Financially, designing and implementing a service apartment project is a large task, but the foundational basis for this ...

Tourism and the Cuban Economy

I. Introduction and Background Worldwide, the tourism industry has always had a sufficient importance for every state’s economy. Still, this influence can reveal less or more weighty depending on how the tourism sector is conducted by a particular country in toto. Considering the given north Caribbean state, it seems worthwhile saying that the socialist society’s impact on Cuba’s economy has been more than just significant. In the last few decades, Cuba’s tourism has had a tendency to decline. This phenomenon has taken place due to the Cuban economic recession, superfluous internal economic limits, and, without ...

Countries around the world are classified into three broad categories purposely for analytic use. The grouping of these countries is intended to reflect the status of their economic conditions. The countries are grouped as advanced economies, developing economies and least developed according to some criteria. In most cases the countries are grouped basing on their Gross National Income per capita per year. A country is said to be a developing country if her Gross National Income stands at US$ 11900 or less. A developing country is said to be still undergoing industrialization and has low human development index. A ...

Immigration in America

The United States of America is clearly built on immigration. Most of these immigrants come to America tired and poor, but their aggressiveness has challenged their innovation and thus improved the economy of the nation. They bring with them talent, global connections, and youthfulness which in return bring about diversity leading to economic growth. The largest ethnic groups, including the German-America, have assimilated thoroughly above the levels of the American natives. Therefore, America should have an improved immigration system as the system is widely known for its lack of competitiveness. The following is a discussion of why America should ...

Introduction

Gross domestic product (GDP) and Gross National Product (GNP) is the indicators of the general economic condition of a country. These indicators give a description of the general economic and financial welfare of the nation, because the higher the level of production means higher level of the country's well-being. The subject of the study of the GDP and GNP is economic units - residents, producing goods and services for the end-user over a certain period of time (Investopedia, 2003). The indicator of GDP and GNP are very important for the economy as a whole. They are used to describe ...

Delivery date

ABSTRAC Developing countries are those countries which have not yet attained economic stability. Most of them thrive on debts and donations from other nations. They rely a lot on what others have to offer them in addition to the little they can produce using their natural resources. Such countries export primary products. They are yet to industrialize so that they can process their products and sell them to other nations as finished products. Developed countries take advantage of the developing countries. They buy their raw products at lower prices, process them, and then sell them back to these nations ...

In 1960's the government biggest proportion of its spending went to investment. In 1962, the amount of government expenditure on investments was around two and half times that of transfer payments. Currently, the boat has capsized, and the spending on transfer payments has grown to over three times the spending on investment. . This indicates a drift of government goals. Precisely, transfer payment was mere 15% of the federal budget in 1960’s but currently it is over fifty percent. Transfer payments refer to the money paid by the government to households for no work done. The payments are done ...

What explains the decline in mortality in developed countries? Are there lessons to be learned in relation to the poor in developing countries today? I. Introduction

A. General Information

In general, the mortality level is deservedly considered to be among one of the characteristics that reveals both economic and social health of the certain state and that clearly describes the effectiveness of the policies that governments get used to adopt. In this context, the most significant particular demographic indicators are commonly the following: 1) Infant mortality rate; 2) Maternal mortality rate; 3) Mortality amid able-bodied citizens; 4) Mortality caused by external factors; ...

There are two important economic indicators to analyze the economy of a country:

■ Trade balance (exports and imports surplus or deficit): This indicator reflects the current situation of the real economy. The import and export relation says about the strength and dynamism of the economy. The absolute values both exports and imports affect the Gross Domestic Product, the employment generation and the relation between the national and international currencies . ■ Future potential of country resources and growth: this indicator says the potential of the economy in the future, both physical and intangible resources that the country will use for development. The physical resources are oil, natural gas and metals reserves, installed capacity ...

Item 1: Marketing Strategy Planning

The process of marketing strategy planning involves creating the best opportunities and formulating a plan that provides superior value for target customers thus providing a competitive advantage for the firm. Marketers cannot directly control the environment, but they can influence it. This can be achieved by scanning the environment continually by the marketers and by looking for potential threats and opportunities. Managers in marketing need to understand the competitive environment. There are key issues that need to be considered when understanding the environment. These issues include: analyzing the competitor, this requires an approach that is organized so as to ...

Health care spending in USA has been reported to be high than most nations in the world. A greater percentage of the nation’s total income is spent on health care even though some people are not insured. It is the third largest public health care expenditure per capita due to the current high cost of medical care and utilization

The level of current health care expenditures

Health care costs have been increasing for many years. In 2008, health care expenditures surpassed $ 2.3 trillion which was more than the expenditure in 1990 that stood at $714 billion. In 1980 the nation spent $253 billion. The increase ...

Economics

Economics is a field of study that deals with analyzing the factors involved in the production, distribution and consumption of goods and services. Economics strives to explain how economies of different countries function and the interaction between different agents operating in those economies. Economics as a field of study finds application in different spheres of the society including businesses, governments, health, education, politics and other social institutions. There are two major categories in this field and they include microeconomics and macro economics.

Microeconomics and Macroeconomics

Micro economics is the branch of economics that deals with the basic elements of the economy. It deals with ...

This paper is going to discuss the European sovereign debt crisis of 2010 to date, and especially the crisis that hit two particular governments in the sovereignty, Greece and Ireland. The two governments have recently received bailouts, or financial support from the EU/ IMF following the two nation’s financial crisis of 2010. The two countries had similarities in regards to the support owing to the fact that the two states had troubles with their government finances. The causes of the troubles, in addition to the terms of the support received by each nation, and the prospects of the ...

Introduction

Various economic principles are applicable in purchasing of assets. When purchasing a house economic principle influence the choice made regarding the deal. This includes principles such as the principle of trade offs, opportunity cost, thinking at margin rationally and the principle of response to incentive. One ought to carry out a cost benefit consideration to gauge whether the net benefit of making the decision to purchase a new house is positive. The strength of the economy will influence the marginal costs and marginal benefits associated with an investment decision. A strong economy offers stable conditions for making a decision. Several factors in the ...

Introduction

An economic indicator refers is statistics which in most cases is issued by the government and indicates the growth and stability of the economy. Some of economic indicators include the gross domestic product (GDP), inflation rates, employment rates, consumer price index and changes in money supply among others. They apply in analyzing business conditions in a country.

Gross domestic product is the sum of all good and services produced within a country in a given fiscal year valued at the prevailing market prices. It can be measured using either income or expenditure approaches. Many governments use the GDP in estimating the economic ...

China

China comes second after the United States in the list of having the biggest economy. Its economy is known for growing at a high speed in the past three decades. China is also known for importing and exporting goods at a high rate in the world. The country usually trade with nations like America, Japan, and Germany among others, which create over half of China’s trade in the international market. In 2010, investments from other nations into the country were over $100 billion and Chinese oversea organizations brought $59 billion, an incidence that has never been experienced before (Hoffmann & Enright, ...

Abstract

Globally poverty has stricken many developing and under developed nations. People are unable to afford their human needs. In many developing countries for example children are unable to enroll and complete basic education, diseases like measles are still causing death and children are still suffering from malnutrition.

The issues which have put poverty on rise world wide are: drug and crime rate, political instability, international debts, investment and trade, climatic changes and globalization, diseases, clean water and sanitation among others. Due to the nature of interrelation of man kind the affected nations and the developed nations have tried to ...