5 most important economic variables (1) GDP (2) Interest rate (3) Personal income and consumption (4) Debt (5) Inflation 【GDP】The gross domestic product (GDP) is one of the most important indicators to evaluate the condition of a country 's economy. It represents the total dollar value of all goods and services produced over a specific time period; thus the size GDP would also indicate the size of the economy of the country. Normally, GDP is used to compare with the previous quarter or year’s…
What is Gross Domestic Product (GDP)? It is defined as, ‘The value of a country’s overall output of goods and services at market prices, excluding net income from abroad.’ There are three ways it can be estimated, expenditure basis-the amount of money spent, output basis-the amount of goods and services sold, and income basis-the amount of money earned. The estimates are published on a quarterly basis. (GDP 2016) The most common way the gross domestic product is expressed, as a comparison to…
2010) Netflix used this growing trend to build its business and it’s brand. Netflix first product was DVD copies that were shipped to the consumer’s home, and then returned when the consumer was finished with the DVD. Netflix realized that people would rather rent a movie, and watch it once for a lower price, rather than own that movie with the potential of watching it as many times as they wished. That product became directly competitive with traditional video rental stores, such as…
In less than 40 years, China has developed from a weak economy, and an impoverished society, to the world’s second largest economy by nominal Gross Domestic Product (GDP) and the largest by purchasing power parity. With a GDP recorded in 2014 to be worth 10360.10 billion US dollars that represents 16.71% of the world’s economy, China has earned its place as a member of BRICS - Brazil, Russia, India, China and South America – a term devised by O’Neil for five of the world’s fasted and largest…
An economy can usually be understood and judged on efficiency through a number of different statistics, one of these is the GDP or the Gross Domestic Product. The Gross Domestic Product is the sum of four different components: Consumption, Investment (business and personal), Government Purchases, and Net Exports. The anticipated cost of living in an apartment will eventually prevent people from moving out. This is because with a shortness in the labor force the supply for apartments goes down so…
small company, COM DEV in Cambridge, Ontario. Not understanding at that time what cultural shock meant, working for a small company I suddenly had to wear many hats and extend my capabilities beyond the safe haven and comfort zone enjoyed during my twilight years in the UK. Within 3 months and many work hours, I was called into a conference room with 5 others only to be told we are now managers. Having an excitable ego, I was quick to call my parents and share with…
Gross Domestic Product Gross Domestic Product (GDP) is a metric produced by the Bureau of Economic Analysis, and used for classifying and quantifying the financial well-being of nations. It seems GDP is the gold standard for measuring success of the world’s economies, but is it enough? One might question the attributes of success and determine the need for a more comprehensive tool. Mankiw (2015), defines GDP as “the market value of all final goods and services produced within a country in a…
Comparison of the Australian and Indonesian economy Intro: Australian economy. Australia is classified by the World Bank as a developed country because its gross domestic product was US$1015 billion in purchasing power parity terms in 2008. Its per capita income was US$37,250 per annum, ranking it 11th highest in the world in terms of per capita income. The main sectors of the Australian economy include agriculture, forestry, fishing, mining, manufacturing and service. Indonesian economy.…
The demography of India is the youngest in the world right now. We have 65% of the population under the age of 35 years. Something which propels the growth of any nation. An ever-increasing young population with an ever-growing ambition. The coming decade will prove whether we can achieve our goals or not. That is, whether we as a country will be able to provide avenues for development. The biggest contributor to this is the creation of jobs. It is here that we see the importance of Sarkari…
Review the information on the Product Information Form (PIF) and consider the potential for inadvertent presence of allergens. • Do not include an allergenic ingredient unless necessary. • Minimise unintentional allergic cross-contamination • Labelling…