Gross domestic product

that a group of people in a certain geographic area experience by promoting economic growth. The standard of living takes into account many factors, some being; income gap, unemployment rate, poverty level, inflation rate, and gross domestic product. Gross domestic product or GDP is the sum of a country’s consumption, investment, government spending, and net exports. The most common measurement of a country’s standard of living is the average real GDP per capita which breaks down the country’s…

Australian and Indonesia, while similar in many ways, have very considerable differences, particularly in their economies. Both are mixed market economies, but while Australia’s economy is well developed and has a large proportion of government interference helping to make Australia one of the most desirable nations to live in, Indonesia’s economy is less advanced with a lower level of income per capita and a lower standard of living than Australia. Though Australia is four times larger than…

Well-Being Assessment Task 1. Explain why GDP/capita is thought to be a suitable measure for comparing human well-being across countries. GDP stands for Gross Domestic Product which means, "the total value of goods produced, and services provided in a country during one year". GDP per capita is a suitable measure for comparing human well-being across countries because the GDP indicates the society's standard of living. The higher the GDP the higher society's overall well-being will be. But this…

V. Poverty Traps in South Africa and India Hassen (2009) investigates the mechanisms in the South African economy that continually enforce poverty within the region and proposals from the new form of government dealing with structural problems in the South African economy. Evidence was gathered through primary sources and compiled in order to accurately answer the questions at hand. Hassen believes that no matter which policy is taken in light of the economic crisis, the region will not see…

Industrial Pollution comes from contaminated wastes that gets disposed of into the air and water. Pollution affects the entire globe, causing there to be raised health risks. Since there has been multiple accounts for industries contaminating living factors, there has been a plentiful amount of researches that have been finding solutions to these epidemics. This paper will reflect the numerous studies which explores economic country developments with industrial pollution. Canfei He, Zhiji Huang,…

Economic growth is the change of national income usually measured by real GDP(gross domestic product). Economic growth rates have fluctuated over the years and closely been related to economic construction and expansion regarding employment, inflation. Especially, sustainable, high economic growth is one of main objective pursued by most of governments. There is global hot issue associated with economic growth. Recently, China recorded 6.8% of GDP which is lowest figure since 2009 and has…

the average bound rate in other developing countries for agricultural imports such as China and Brazil is 16 percent and 35 percent respectively, whereas India is 113 percent and higher than its 37 percent average bound rate for non-agricultural products. Therefore, tariff will be a huge barrier for foreign investor to enter India market but China has not this major impediment to larger FDI inflows in. Lastly, why I want to do business, especially mobile game in China? In above, we can find…

Data For the purpose of this analysis, I choose to use the World Bank 2007 data to come up with a detailed conclusion. I used 32 different countries scattered throughout the world in my analysis, to provide an unbiased result. Three relevant variables were chosen to be analyzed and discussed later on in this section. These variables as mentioned earlier include foreign direct investments, agriculture and industry. The graph provided below is a summary statistic of the three variables in thirty…

converses. Another study by Refaei and Sameti (2015) investigates the association between foreign aid and per capita GDP growth of Iran by using annual data from the 1980 to 2012 period. The suggestion of this paper is that, aid is more productive than domestic resources and other capital inflows. Their results showed that, the effect of foreign aid on economic growth is positive, statistically significant, and substantial in the long run. The study by Basharat Hossain (2014), examined 33 years…

Yingru Ouyang Econ 324 Prof. Lopez Dec.10. 2016 Female Asian Immigrants’ in the U.S. Labor Market Introduction After 1980, the number of immigrants increase dramatically. In 1980, the size of immigrants are 14.1 millions which takes 6.2% of US population. In 2015, the U.S. immigrant population is more than 42.4 million, or 13.3 percent, of the total U.S. population. Simultaneously, the migration from Asia to the United States rose from 5% share of population in 1960 to 30% in 2014. This is…