Gross Domestic Product‚ Which will be presented as the abbreviation GDP below‚ is a measure of the economic situation within a territorial area. Moreover‚ it is defined as Total market value of all goods and services that produced in the economy during a given time period. Personal Consumption Expenditure‚ equally important‚ refers to the fees paid by people in order to satisfy their daily needs. It’s an important indicator that measuring consumers’ spending levels on goods and services‚ for example
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Student Name: Jeffrey Ang Schoggi Wong Bobby Kwok Yu Hoi Shan Michelle Instructor : Ms. Maggie Pua Submission Date : 18/12/2013 Table of Contents Company Background Our company call that Jesman is since 1970’s Our company is selling sport shoes such as basketball shoes and football shoes. Our first shop was opened in Hong Kong. After a few years‚ we started to have more than one shops. Mission and vision Our company want become an international sports shoes
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Calculate nominal GDP‚ real GDP‚ and GDP Deflator for each year (Use 2005 as the base year). b. By what percentage do nominal GDP and Real GDP rise from one year to the next? c. Calculate the rate of inflation between 2005 and 2006? Answer: a. Year 2005 2006 Nominal GDP $200 $600 Real GDP 200 400 GDP Deflator 100 150 b. Percentage change in Nominal GDP(2005-6) = 600-200 x 100 = 200% 200 Percentage change in Real GDP(2005-6) = 400-200
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List the two things that GDP measures. How can GDP measures two things at once? GDP measures the total economy income and total output of goods and services. The reason why GDP measures two things at once is that the output of goods and services and total income‚ quantitatively‚ are the same. For instance‚ every dollar of expenditure by a buyer must become a dollar of income to a seller. 2. What does the consumer price index measure? How is it different from the GDP deflator? Consumer Price Index
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time. These Indices can be 1. Wholesale Price Index (WPI) 2. Consumer Price Index (CPI) 3. GDP Deflator Today‚ most economists favor a low‚ steady rate of inflation. In this Report we try to find Inflation through all these three indices. All the data used here is sourced from RBI website. Q1. Calculate the inflation rate based on the wholesale price index‚ CPI (IW) and GDP deflator for the period of 1993- 1994 to 2009-2010. The inflation rate is calculated by Whole Sale Price
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Introduction You would not buy a home‚ car or other large purchases without researching what product offered you the most for your money. The same is true when investing in a company. Investors do avid research on multiple companies to find what company matches the investors’ criteria. In this paper Team C will research both AT&T and Verizon’s financial documents. Team C will compare selected ratios‚ cash flow and make recommendations how both companies can manage cash flow for the future. Financial
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example of each. 6. Why do economists use real GDP rather than nominal GDP to gauge economic well-being? Define the GDP deflator. 7. What is the CPI? Which do you think has a greater effect on the consumer price index: a 10 percent increase in the price of chicken‚ or a 10 percent increase in the price of caviar? Why? 8. Describe the three factors that make the consumer price index an imperfect measure of the cost of living. Then explain how the GDP deflator differs from the CPI. 9. List and describe
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Quantity Indexes. Question: Why are Fisher Indexes useful averages of Laspeyres and Paasche Indexes? Answer: The advantage of the geometric averages is revealed by considering the ratio of nominal values where $G is the rate of change of nominal GDP: Note that both prices and quantities are different‚ comparing the numerator and the denominator. If the ratio were 2‚ for example‚ value has doubled (). A
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HA NOI FOREIGN TRADE UNIVERSITY [pic] | | |Macroeconomics Essay | |Some people believe that Gross Domestic Product (GDP) is an inadequate measure of societal well-being and should be replaced by the Human | |Development Index (HDI). Do you agree with them? | |
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Chapter 7 Measuring a nation’s income The economy’s income and expenditure GDP measures two things at once: the total income of everyone in the economy and the total expenditure on the economy’s output of goods and services. GDP can perform the trick of measuring both total expenditure because these two things are really nearly the same. For an economy as a whole‚ generally‚ income must equal expenditure This is true because: An economy’s income is the same as its expenditure because every
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