of the nation. The important concepts of national income are: 1. Gross Domestic Product (GDP) 2. Gross National Product (GNP) 3. Net National Product (NNP) at Market Prices 4. Net National Product (NNP) at Factor Cost or National Income 5. Personal Income 6. Disposable Income Let us explain these concepts of National Income in detail. 1. Gross Domestic Product (GDP): Gross Domestic Product (GDP) is the total market value of all final goods and services currently produced within the domestic
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HP Envy dv7t-7200 Quad Edition Notebook PC Acer Aspire V3-571-9890 1) Compare the following items for your selections: a. Price: HP $999.99, Acer $729.99 b. Delivery Charges: HP Standard shipping $9.99, Acer Standard Ground Shipping $15.00 c. Financing Options: HP No payments/Interest if paid full in 12 months, Acer no current offer d. Discounts: HP additional 15% off accessories with pc purchase, Acer free overnight shipping e. Coupons: Could not find coupons, companies
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Economic Growth- GDP Economic Growth… …An increase in an economy’s ability to produce goods and services Gross Domestic Product- represents the value of a country’s national income in one year. An increase in real GDP means that the standard of living within a country is increasing. It is therefore used as a way of measuring a country’s economic growth. The Business Cycle- there are discernable patterns in these levels over time, there will be periods of time when economic activity is rising
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For a company owning a worth business in any big stock market always have a tool to analyze its performance. The tool could be like an annual report which deliberately assesses a company’s fiscal health, financial status and market position within any specific period (Thomsett, 2007). Annual reports hold a great importance for organization, especially when the organization is owned by multiple owners or is a public limited firm (Thomsett, 2007). To develop the prospect of the company there is a need
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1. Intermediate goods are (a) capital goods, which are used up in the production of other goods but were produced in earlier periods. (b) final goods that remain in inventories. (c) goods that are used up in the production of other goods in the same period that they were produced. (d) either capital goods or inventories. Ans: C 2. The three methods to measuring national income are the (a) cost, income, and expenditure methods. (b) product, income, and expenditure
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big decisions about business expansion, firms use forecasts of GDP. What exactly is GDP? How do we use GDP to tell us whether our economy is in a recession or how rapidly our economy is expanding? How do we take the effects of inflation out of GDP to reveal the growth rate of our economic well-being? And how to we compare economic well-being across countries? © 2010 Pearson Education Canada Gross Domestic Product GDP Defined GDP or gross domestic product is the market value of all final goods
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predictive qualities of the Baltic Dry Index and how it can be used as an indicator of potential economic activity. That by watching an index that deals with the cost of transporting raw materials it will signal both an upcoming rise and decline in the GDP . The very nature of the BDI prevents it from being manipulated by governments or other outside entities and since the supply of ships to haul materials is for all purposes inelastic, it is a true indicator of economic activity as the index will rise
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700 – QW MRW = 700 – 2QW 700 – 2QW = 50 QW = 325 PW = $375 b. Demand is more elastic in the East. This elasticity can be shown because the monopolist has a lower optimal price in that market. It can also be shown by directly calculating the elasticity in each market using the point price elasticity of demand formula: eP = P/(P – a) When P = $400, price elasticity in the East is 400/(400 – 450) = 400/–50 = –8.0. Price elasticity in the West is 400/(400 – 700) = 400/–300 =
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currency, the British Pound. Their GDP is 2.862 trillion US dollars. The country has demonstrated good economic resilience with effective rule of law, an open trading environment, and a well-developed financial sector. The overall tax burden equals 32.6 percent of total domestic income. The spending by thte government has come to a total of forty-four percent of the total output GDP in the past three years. Along with this, budget deficits have averaged 5.2 perfect of the GDP.
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The Role of Unethical Decisions The Great Recession was caused by a massive movement of the whole banking industry disregarding ethical behavior and leaving the philosophy of sound investing strategies for a philosophy of profits. In evaluating the role of unethical decisions in causing the financial crisis, we will start by defining ethics. Ethics can be defined as rules of behavior based on ideas about what is morally good and bad. In every profession, each person has to abide by codes of ethical
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