Adjusted Gross Income

order to be self-sufficient. While the majority of Australia’s land is not useful besides for tourist purposes such as visiting the beach or the Dundee to see the wild life. Thus, Australia relies on outside people coming in for its main source of income. Australia’s economy has been primarily focused on the service sector, because of an increase of people seeking higher education, globalization, and spatial interaction. One thing that is unique about Australia is that it’s not just a country…

As we learned in chapter six and seven of macroeconomics textbook by Krugman & Wells, GDP is a measure of the wealth of a country. It is an abbreviation of the Gross Domestic Product. GDP is the value of all outcome of goods and services in a country during a particular time. GDP shows how wealthy a country is and how much the economy was active during a given period. “GDP is important because it is a leading indicator of a country 's economic health. It gives economists an idea of the nation…

a positive impact on GDP in developing countries. Makki and Somwaru’s statistical testing revealed that this positive impact is related to the ability of FDI to stimulate domestic investment, a category of investment that could conceivably include gross capital formation, technology development, infrastructure development, and the improvement of human resources via education and other factors. Finally, Makki and Somwaru also found that the relationship between FDI and economic growth was…

Overall, it can be concluded that KMG’s profitability has been falling over time. Gross profit margin went down from 32.9% to 27.6% in the period of 2010-2013. As KMG’s upstream, midstream and downstream operations volume increased, it can be concluded that falling gross profit is a result of a rising cost, particularly maintenance and extraction costs. In the same period, net profit margin went down from 23.6% to 15.0%, hitting 14.0% in 2013. In a similar trend, KMG’s ROA and ROCE have fallen…

Gutema 2008: The paper estimates a health production function for Sub-Saharan Africa based on the Grossman model (1972). The paper used social, economic, and environmental factors as inputs of the production function. Those factors are represented by income per capita, illiteracy rate, food availability, ratio of health expenditure to GDP, urbanization rate, and carbon dioxide emission per worker. The output of the production function is health status measured by life expectancy at birth. The…

knowledge-seeking as more important push factors for travelling. Education level is closely associated with income, these two elements influence travelers on choosing whether nearby or farther destinations. Tourists who have higher level of education background and disposable income prefer travelling farther away from home. (Zimmer, Brayley & Searle, 1995) Respondents with higher monthly income (more than HK$15,000) and higher educational level (Undergraduate or Postgraduate) chose relatively…

today’s society, but gender and income has also played a key role as well. Social stratification involves hierarchical differences not only in economic positions, but also in other important areas, such as status, or social honor, and power (Ritzer, 150). A major concern in the sociological study of stratification is inequality, a condition whereby some positions in society yield a great deal of money, status, and…

This is because GDP at purchasing power higher than other years, which was $ 3.92 trillion. In contrast, the real gross domestic product (GDP) rate in year 2013 was the lowest percentage throughout 17 years (2001-2017), which was 3.2%. This is because the poor performance in agriculture, manufacturing, and mining sectors (The Times Of India Business, 2013). The real gross domestic product (GDP) rate of India in year 2017 was lower percentage than year 2016, which was 0.9% (2017= 6.7%, 2016=…

climate through issues revolving around how their information is collected and whether that they can accurately describe the full picture. While these metrics are commonly used, they only provide a rough measurement of what is happening in an economy. Gross Domestic Product (GDP) is commonly used to measure the…

GDP is a measure of economic activity. GDP gives us a better idea of what is produced within the United States rather than what is produced by Americans-whether in the U.S or elsewhere. GDP is designed better to give information on the state of the business cycle of the United States because it only focuses on the activity within the United States. Switching to GDP makes it easier to compare with other countries because most countries were already using GDP. What GDP measures and does not…