it serves first an adequate production of goods and second an equitable distribution of those goods. National Income is the science of how to measure an economy’s overall economic performance. It mainly focuses on the overall level of production of goods and services. The Gross Domestic Product (GDP) per person tells us the income and expenditure of the average person in the economy, though it is not intended to be a measure of happiness or quality of life, It is good to measure the material well-being
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understand the current sovereign debt crisis in Greece, a longer view is warranted The 20 year period 1989-2009 is bounded by two major fiscal crises in Greece: the 1989-1993 crisis, and the ongoing crisis. In both crises deficits exceeded 15,0% of GDP. In between, Greece entered the Economic and Monetary Union and adopted the Euro To facilitate discussion the 20 year period will be divided into two parts: the 1989-1999 period, and the 2000-2009 period. 2 1989-1999: securing EMU membership
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years running. Singapore’s GDP per capita is comparable to first world European nation’s counterparts as well. Singapore’s economy is largely dependent on exports, some examples are IT-related, user electronics products, pharmaceuticals, and financial services industries. For instance, the republic has one of highest volume in export refineries around the globe, oil exports accounted about 68.1m tons in 2007. The O&G industry accounted for 5% of Singapore’s GDP as well. (Economic Development
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encompass the world. Macroeconomics directly impact every part of our government and every individual’s quality of life. The health of the nation’s economy affects our economy. A few areas that determine economic health are the gross domestic product (GDP), gross national product (GNP) the unemployment rate, the inflation rate, and taxes. The Principle areas of Macroeconomics covered in this paper examines the flow of resources between three entities - government, businesses, and individual households
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Indicators | Value | GDP Growth Rate | 9.1% | IIP Growth Rate | 14% | Agricultural Growth Rate | 4.3% | Fiscal Deficit | 800 billion yuan | Interest Rates | 6.56% | Exports | 180.2 billion USD | Imports | 148.5 billion USD | Current Account Deficit | 59.8 billion USD | Inflation | 7.65% | Foreign Exchange Reserves | 3.24 trillion USD | GDP Growth Rate: * GDP (purchasing power parity) of china is $11.3 trillion second largest in the world. * Most of the GDP is comprised of
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Foreign trade accounted for 48.8% of India's GDP in 2015. Globally, India accounts for 1.44% of exports and 2.12% of imports for merchandise trade and 3.34% of exports and 3.31% of imports for commercial services trade. India's major trading partners are the European Union, China, the United States
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An Assignment On Relationship between GDP & HDI Submitted ToCourse Instructor Of B-University of DhakaDepartment of Banking | Submitted ByMd. Yasir ArafatId No. 62B.B.A 13th BatchDepartment of BankingUniversity of Dhaka | Date of Submission08.o7.09 | Introduction to GDP A region's gross domestic product, or GDP, is one of the ways of measuring the size of its economy. The GDP of a country is defined as the total market value of all final goods and services produced within
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|Veronika_Kostúrová | | | |Matej Bel University, Faculty of Economics | | | | | |Italy
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Albania, Macedonia, Montenegro and Serbia. It has a quite good geographical area but the political problems makes it feel like it’s not. According to the European economy Kosovo is a really poor country. It’s total GDP is 7.813 billion dollars where on the other side it’s GDP per capita is 4.420 dollars. Kosovo among all of the parts of Former Yugoslavia was the poorest one. Which is the one of the reasons why Kosovo still is poor than the rest. Problems with Serbia made it a little bit hard
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manufacturing economy, or a regulated mixed economy is liberalized. A current structural change in the world economy is globalization. Tabular representation of Indian GDP The Three Sectors of the Indian Economy Agriculture More than 52% of country's population depends on agriculture, a sector contributing only 17.5% of the GDP. Food grain production in 2009/10 is expected at 216.9mt, which is 17.6mt lower than the output in 2008/09. The Kharif season is the largest contributor to this shortfall
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