The HPI uses the Ecological Footprint promoted by the environmental charity WW as a measure of resource consumption. As the country becomes more polluted and less able to produce resources like food, the less likely it is their people will have a good or long life. New Zealand achieved 4.3 and ranked 112 of 151. This is not a good result according to the HPI, to achieve high results New Zealand must improve environment issues, as that will reduce global warming in the long run.
OECD
OECD is a common name for “organisation for economic co operation and development”. “The government of 34 democracies with market economies work with each other” (OECD, 2016). People with common goals come together to exchange ideas, solve problems, meet challenges, …show more content…
1. The benefit of GDP is that we can count up Real GDP, as economists use this information to decide whether the growth rate of real GDP is positive or negative. If it is a positive rate, that indicates the country’s economy is booming but if it is negative growth rate, that indicates the economy is in recession. It not only allows us to compare ourselves against other countries, it also shows how well the economy is doing in general.
2. GDP is good in calculation as it keeps track of all the dollars spent in a country in a year. As there is a problem with ranking country by happiness, because happiness is subjective and is difficult to track across the country. GDP is a tool used by economists to show which countries are doing well economically and which are not.
c. In terms of wellbeing, GDP shows the total value of goods and services a country produces. However, it doesn 't show the things that matter the most for its people such as clean air, accessible education, working public services, safety from violence and harassment, and freedom of speech. In addition to that GDP can 't measure the community involvement and people who participate in groups and organisations who work to benefit the community such as Plunket Society, which provides voluntary checkups, work, assistance and information to parents about their infant’s health and …show more content…
Expansion. Expansion is the stage where the new business starts growing up on the top level with expansion in every part of business including employment, profits, prices and income. At this level the production rate of products is increasing and it is the phase when a business moves from trough to peak. Since more money is available from which the business can expand more and they can increase in the level of production of goods, services and many new construction projects. The expansion period can last anywhere from 12 months to 4 years but sometimes the expansion phase of business can last 10 years. This will increase the rate of employment, so incomes are higher and people will spend more, and also increase the GDP of the economy. There are many factors that help a company expand for example – weather conditions, technical changes, and change in the interest rates, monetary policies and regulatory policies (Layton, Robinson & Tucker,
OECD
OECD is a common name for “organisation for economic co operation and development”. “The government of 34 democracies with market economies work with each other” (OECD, 2016). People with common goals come together to exchange ideas, solve problems, meet challenges, …show more content…
1. The benefit of GDP is that we can count up Real GDP, as economists use this information to decide whether the growth rate of real GDP is positive or negative. If it is a positive rate, that indicates the country’s economy is booming but if it is negative growth rate, that indicates the economy is in recession. It not only allows us to compare ourselves against other countries, it also shows how well the economy is doing in general.
2. GDP is good in calculation as it keeps track of all the dollars spent in a country in a year. As there is a problem with ranking country by happiness, because happiness is subjective and is difficult to track across the country. GDP is a tool used by economists to show which countries are doing well economically and which are not.
c. In terms of wellbeing, GDP shows the total value of goods and services a country produces. However, it doesn 't show the things that matter the most for its people such as clean air, accessible education, working public services, safety from violence and harassment, and freedom of speech. In addition to that GDP can 't measure the community involvement and people who participate in groups and organisations who work to benefit the community such as Plunket Society, which provides voluntary checkups, work, assistance and information to parents about their infant’s health and …show more content…
Expansion. Expansion is the stage where the new business starts growing up on the top level with expansion in every part of business including employment, profits, prices and income. At this level the production rate of products is increasing and it is the phase when a business moves from trough to peak. Since more money is available from which the business can expand more and they can increase in the level of production of goods, services and many new construction projects. The expansion period can last anywhere from 12 months to 4 years but sometimes the expansion phase of business can last 10 years. This will increase the rate of employment, so incomes are higher and people will spend more, and also increase the GDP of the economy. There are many factors that help a company expand for example – weather conditions, technical changes, and change in the interest rates, monetary policies and regulatory policies (Layton, Robinson & Tucker,