Gross domestic product

After the election was called in favor of Donald Trump, many began to question the direction our nation would take, but it was widely perceived that we would move backwards due to his slogan “Make America Great Again.” It is commonly known, although not widely acknowledged, that America was not initially designed for the minorities to flourish. Our government was established to grant the white male all possession of political power, so moving backwards is clearly not an option, and stagnation is…

Literature Review Much of research has studied the concept of the production function of health, which summarizes the relationship between health inputs and outputs. Yet, few of them have analyzed the impact of the economic, social, and environmental factors on the health status of the individuals as well as the society. In this section, we are going to mention some previous researches that are related to this subject: 1. James Thornton 2002: This study provides some new evidence on the effect…

Results and Discussion Not only Hong Kong acts as a significant linkage between Mainland China’s outbound tourism market and in other Asia countries, but also Hong Kong has a unique outbound tourism market of it own. According to the report republished by UNWTO in 2010, Hong Kong ranked as the 4th largest outbound tourism market in Asia and 14th in the world regarding international tourism expenditure. (Export.gov) Also, Hong Kong has about 85.3 million outbound tourists in 2012 as well as a…

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…

Delta sells one of its airplanes to Korean Air, this transaction is not included in the GDP, because it does not represent production during the current time. The airplane would have been included in the GDP when it was produced, not when it is a product already produced for sale.  Ms. Moneybags buys an existing share of Disney stock • When…

Lastly, is the interactionist perspective is a sociological approach that generalizes about everyday forms of social interaction in order to explain society as a whole. (Schaefer, 2009) Unfortunately, in today’s economy it is hard to make ends meet with minimum wage pay (7.25 per hour) having to spend $3.00 per gallons at the pumps and $8.00 to buy a loaf of bread and a gallon of milk. Everything has increased. The cost of living is through the ceiling for those on fixed or low income. To…

Morocco Morocco is a unique country, growing and growing at accelerating rates and increasing economic growth everyday. All sectors of the county’s financials, economies, and likewise seem to be flourishing with little to change. Due to the monarchy and strict restrictions on writing anything bad about the kingdom, the country seems to be on paper a fantastic place to live with a population, government, and king all aiming to bring the country up to its highest potential. The one fault however…

What is Subjective Well-Being? Psychologists have been studying subjective well-being (SWB) for decades, but mostly in developed countries, especially the United States. However, there is little information of SWB in developing countries, especially Sub-Saharan Africa. There is an increasing studies showing that that material goods do not necessarily increase or cause happiness. A study conducted from Brickman, Coates and Janoff-Bulman (1978) shows that lottery winners were not significantly…

Should We Move To Jamaica? Jamaica the third largest island in the Caribbean Sea, best known for its’ food, music, culture, plants, and not to mention the benefits of tourism. Slavery here was abolished on August 1st, 1834. Its population as of 2015 was 2,950,210 with a population growth of .68%. Will it be able to help with the expansion of a new company? PEST Analysis of Jamaica Political Jamaica’s government includes a parliament system based off the UK’s with Queen Elizabeth II as chief…

In recent decades income inequality has become an emergent epidemic, specifically for countries experiencing rapid economic growth. Since the Mao era, China has grown increasingly susceptible to this problem as it has developed to become the second largest economy in the world. To further contextualize China’s economic growth, Wang Jisi explains, “As recently as 2001, China’s total GDP was only 12.8% of U.S GDP. In 2011, China’s GDP reached $7.3 trillion, amounting to 48.5% of U.S. GDP”…