Shampoo Project

Topics: Economic growth, Purchasing power parity, Gross domestic product Pages: 3 (820 words) Published: May 17, 2013
Definition of Positive analysis
A positive statement is a statement about what is and that contains no indication of approval or disapproval. Notice that a positive statement can be wrong. "The moon is made of green cheese" is incorrect, but it is a positive statement because it is a statement about what exists. Positive analysis of economic growth

Economic growth is measured as the annual percent change of gross domestic product (GDP). The Gross Domestic Product (GDP) in Pakistan expanded 3.67 percent in the fiscal year 2011-12 from the previous year. GDP Growth Rate in Pakistan is reported by the Pakistan Bureau of Statistics. Historically, from 1952 until 2012, Pakistan GDP Growth Rate averaged 5.0 Percent reaching an all-time high of 10.2 Percent in the fiscal year of 1953-54 and a record low of -1.8 Percent in the fiscal year of 1951-52. Pakistan is one of the poorest and least developed countries in Asia. Pakistan has a growing semi-industrialized economy that relies on manufacturing, agriculture and remittances. Although since 2005 the GDP has been growing an average 5 percent a year, it is not enough to keep up with fast population growth. The economy of Pakistan is the 27 largest in the world in terms of purchasing power parity (PPP), and 44th largest in terms of nominal GDP. Agricultural sector contributes about 20.4 percent to Pakistan GDP. 26.6 percent is added by industrial sector as was estimated by 2008. 53 percent was received from service sectors during 2008. Poverty reduction is among main issues that have been taken up by government for economic growth of Pakistan in fiscal year (2011-2012. Government has plans to improve roads, dams and power generating plants to create more job opportunity and enhance possibilities of economic growth at Pakistan. For this purpose 541 billion rupees will be spent to accentuate Pakistan economic growth. Central bank of Pakistan has increased discount rate...
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