Canadian trade is twice as large‚ relative to GDP‚ as Australia’s. Canada and Australia are (mainly) English-speaking countries with populations that are not too different in size (Canada is 60 percent larger). But Canadian trade is twice as large‚ relative to GDP‚ as Australia’s. Why should this be the case? Canada has a GDP of $1.8 trillion and Australia has a GDP of $1.5 trillion‚ they belong to the top 15 countries in the world in terms of GDP according to the World Bank. Canada
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American Culture: Money! Money! Money! Fast food is probably the most popular form of diet here in America. Because most of the people are busy trying to make money‚ they do not have enough time to spare to prepare a nutritious home-cooked meal. Since life these days is fast-paced‚ people settle for fast food chains located near their work place and house; fast food for breakfast‚ lunch‚ and dinner most days of the week. While reading Eric Schlosser’s best-selling book‚ the Fast Food Nation‚ it
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Gross domestic product (GDP) Market value of recognized goods and services produced in a country over a period of time. Real GDP Real GDP reflects the value of all goods and services produced in a year with inflation-adjusted measures. Nominal GDP GDP figures that have not been adjusted for inflation. Unemployment rate Unemployment rate is figured by people that are actively looking for work and are available to work at the present moment. Inflation rate The rate of increase in a price
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Nancy Clayton Microeconomics: week 4 September 22‚ 2011 Effects of Supply and Demand on the Price of Oil Each time you pull up to the pump or open your utility bill‚ you may notice the price of fuel may have changed. There are many factors that can influence fuel prices. The marketplace forces of supply and demand determine the price of fuel. If demand grows or if a disruption in supply occurs‚ there will be upward pressure on prices. By the same token‚ if demand falls or there is an oversupply
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Foreign Direct Investment (FDI) is a key component of the global capital flow that entails world economic growth through investment opportunities. As an investment tool FDI also affect the aggregated growth of the host country. FDI as a share of GDP has become the largest source of capital moving from developed nations to developing ones. FDI inflow usually involves starting new production facilities namely Greenfield investments or purchase of existing business through mergers and acquisitions
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most taxes. Specially‚ we truly care about how tax rates can lead to the changes in labor supply and aggregate demand (AD). What does economic theory suggest about the relationship between labor supply‚ AD and taxation? Our limitation is only in our country- Vietnam. The Law on Personal Income Tax‚ approved by Vietnam National Assembly XII on 21 November 2007‚ officially coming into effect on 1st‚ January 2009‚ marked the great effort of the Government in perfecting its personal
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The Affects of Money and Religion on Antonio and Shylock In The Merchant of Venice money plays a huge role in the lives many of its characters‚ especially the main protagonists Antonio and Shylock. Antonio is shown as the stereotypical generous Christian and Shylock as a stereotypical moneylending Jew‚ being greedy and living in isolation. In the play money is used as a means of exploring the characters of Antonio and Shylock’s religion and inclusion within society. Shylock as a Jewish moneylender
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Project—— The real meaning of GDP I. Background Since 1985‚ when the State Council of China approved to establish a System of National Accounting (SNA)‚ using the gross domestic product (GDP) to measure the national economy‚ more and more people are getting familiar to this word. We must have heard about it for countless times. At the end of 2010‚ China has overtaken Japan as the world’s second biggest economy in terms of GDP‚ which has drawn attention all around the world and has made Chinese
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GDP vs GNP GDP can be contrasted with gross national product (GNP) or gross national income (GNI). The difference is that GDP defines its scope according to location‚ while GNP defines its scope according to ownership. In a global context‚ world GDP and world GNP are therefore equivalent terms. GDP is product produced within a country’s borders; GNP is product produced by enterprises owned by a country’s citizens. The two would be the same if all of the productive enterprises in a country were
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Differences Between Gross Domestic Income and Gross National Income. GDP stands for Gross Domestic Product and GNI stands for Gross National Income. GDP is the sum of the gross values added by all resident producers in the economy plus any product taxes and minus all subsidies not included in the value of the products. GDP is measured by the country’s overall economic output. GDP is the market value of all services and goods within the borders of a nation. Besides that‚ GNI
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