owner-occupied housing. Thus‚ national income refers to the market value or imputed value of additional goods and services produced and services performed in the current period. GDP‚ GNP‚ NDP and NNP National income in many countries are either in Gross Domestic Product (GDP) or Gross National Product (GNP). Gross Domestic product (GDP) refers to the total value of goods and services produced within the geographical boundary of a country before the deduction of capital consumption. Net Domestic product
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COUNTRY ANALYSIS OF PHILIPPINES Group -3‚ Section-2 POLITICAL HISTORY Nacionalista Party leader Ferdinand Marcos dominated the political scene of Philippines for two decades after his election to presidency in 1965. In 1967‚ Philippines became a founding member of ASEAN (Association of Southeast Asian Nations). He became the first President to be re-elected in 1969. In 1972 Marcos declared the tyrannical Martial Law i.e. the imposition of military
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primary measure of the economy’s performance is its annual total output of goods and services or‚ as it is called‚ its aggregate output. Aggregate output is labeled Gross Domestic Product (GDP): the total market value of all final goods and services produced in a given year. Three approaches of computing GDP. 1. The Expenditure Approach (Output Approach) Personal Consumption Expenditure (C)……………… xxxxx Gross Private Domestic Investment (Ig)………….……. xxxxx Government Spending (G)…………………………
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industries‚ biotechnology‚ and services. The NAJIB administration also is continuing efforts to boost domestic demand and reduce the economy’s dependence on exports. Population- 27 millons A- Total 1. Growth rate-: This entry gives GDP growth on an annual basis adjusted for inflation and expressed as a percent. |2011 |7.20 % |23 |-523.53 % |2010 est. | 2. Number of live birth- Life expectancy at birth; total (years) in Malaysia was reported
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do the same job‚ GDP would have been higher‚ even though the amount of output would have been identical. Why is this? Does this make sense? A.: 1: If a secretary were hired to type the manuscript‚ they would have had the opportunity to provide a service at a price. We know that each good and service produced and brought to market has a price. That price serves as a measure of value for calculating total output; in this case‚ the task of completing the typing for this book. GDP is the total market
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( - ) DEPRECIATION DOMESTIC ( + )NET FACTOR INCOME FROM ABROAD > NATIONAL ( - )NET FACTOR INCOME FROM ABROAD FACTOR COST ( + )NET INDIRECT TAXES ( - )NET INDIRECT TAXES > MARKET PRICE Q. From the following data calculate GNP at factor cost by Income Method & E penditure Method Sr. No. Items Rs. in Crore 1 Net Domestic capital formation 500 2 Compensation of employees 1850 3 Consumption of fi ed capital 100 4 Govt. Final consumption
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employed: Data for the economy of Trinidad and Tobago was collected from the CSO (Central Statistical Office) Information was collected for the period (1995- 2005) in the areas of economic growth as represented by changes in GDP (Gross Domestic Product) as well as GNP (Gross National Product)‚ unemployment‚ inflation and the balance of payments. This data was then evaluated and analysed to determine major trends or findings and make recommendations. AIMS:
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(1) What was Real GDP for 2009? The Real GDP for 2009 was that there was a decrease at an annual rate of 6.1 percent in the first quarter of 2009‚ (that is from the first quarter to the fourth quarter)‚ according to advance estimates released by the Bureau of Economic Analysis. In the fourth quarter‚ the real GDP decreased 6.3 percent. Also the Real GDP for 2009 was 13‚973.7 in billions of current dollars‚ 12.757.9 in billions of chained
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Macroeconomic Analysis Stock and Flow Variables Stock: quantity of a variable at a point in time. Eg: Capital stock‚ money supply‚ unemployment level‚ foreign exchange reserve‚ etc. Flow: quantity expressed for a period of time. Eg: GDP‚ inflation‚ exports‚ consumption‚ etc. Aggregate Demand and Aggregate Supply Aggregate Demand: sum of demands for all consumer goods and services and for capital goods – Sum of consumption‚ investment‚ government expenditure and net export
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FOR MANAGERS Q1.What is the difference between GNP and GDP? Ans) The difference between GNP and GDP are as follow: GNP: An estimated value of the total worth of production and services‚ produced in one year by labor and property supplied by the citizens of a country. Allocates production based on location of ownership. GNP=GDP + NR (Net income inflow from assets abroad or Net Income Receipts) - NP (Net payment outflow to foreign assets). GDP: An estimated value of the total worth of a country’s
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