Report on Macroeconomics

Topics: Gross domestic product, Quality of life, Economic growth Pages: 12 (3747 words) Published: May 12, 2013
Report on

“In Long Run, A Country’s Capacity to Produce Goods and Service Determines the Standard of Livings of Its Citizen”

Report On
“In Long run,A Country’s Capacity To Produce Goods And Service Determines The Standard Of Livings Of It’s Citizen”

Course: BUS 505 Macroeconomics Analysis

Prepared for:
Dr .K.M Zahidul Islam
Asstt. Professor
Course Instructor, Macroeconomics Analysis

Submitted By :
Nowazish Ahmed
ID: 201202002
Roshedul islam
ID: 201203052
Suman sarkar
ID: 201202009
Khizir ahmed
ID: 201202003

Institute Of Business Administration (IBA-JU)
WMBA Program
Jahangirnagar University
Date: April 5, 2013

Letter of Transmittal
March 01, 2013
Dr .K.M Zahidul Islam
Asstt. Professor
Course Instructor, Macroeconomics Analysis

Subject: Submission of Group Report
Dear Sir:
With humble honor and respect, we are pleased to submit the group report on “In Long, A Country’s Capacity To Produce Goods And Service Determines The Standard Of Livings Of It’s Citizen” which is prepared on the dynamic leadership and supervision of a person like you.

This report is an integral part of our academic course of the MBA program which has given us the opportunity to have an inside into the process of “A Country’s Capacity To Produce Goods And Service which Determines The Standard Of Livings Of It’s Citizen” We have given sincerity to make this report a good one and we are optimistic that this report will meet the criteria of a good group assignment. We humbly request you to accept this report for your kind evaluation.

Sincerely yours,

The accomplishment and completion of this report would not have been successful without the contribution of some people who took their time to guide in our project work. We deeply appreciate and value their suggestions and recommendations through the entire course of our report work.

At the beginning, we would like to convey our sincere gratitude and appreciation to our course instructor Dr. K.M Zahidul Islam, for his precious suggestion and imperative supervision

GDP is one of the best measures economics well-being. Real GDP measures the economy’s total output of goods and service and therefore an country’s ability to satisfy the needs and desire of its citizen. Nations with higher GDP per person have more of almost everything-bigger homes, more cars, higher literacy, better healthcare, and longer life expectancy and more internet connections. GDP depends on the factors of production capital (K), labor (L) and the on the technology for turning capital and labor into output. GDP grows when the factors when the factors of production increases or when economy becomes better at turning these inputs into output of goods and services. Public policies can raise GDP in the long run only by improving the productive capability of the economy .by raising national saving leads to a larger capital stock and by raising efficiency of labor such as by improving education system and technological progress will lead to higher use of capital and labor. And with rising of GDP determinates the standard of living goes up. People can afford better living, better education, better heath and better financial ability to have good food.


Chapter No.DescriptionPage No.
Title Flyi
Title Pageii
Letter of Transmittaliii
2.1 Data Collection
2.2 Technique
2.3 Limitation

Chapter 1: Introduction
Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period of time. GDP per capita is often considered an indicator of a country's standard of living;[2][3]...

References: [01] Barro, R. J. “Inflation and Economic Growth,” National Bureau of Economic Research (NBER) Working Paper No. 5326 (October 1995)..
[02] N.Greogry Mankiw “Macroeconomics”, sixth Edition
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