2012 P. K. Basu, Regional Head of Research & Economics pk.basu@maybank-ke.com.sg (65) 6432 1821 ASEAN’s Share of World Population & GDP Population 596mil Nominal GDP US$1.87tn (2010) • • • ASEAN’s population is more than double that of the US, but its nominal GDP is just over an eighth of the US. In its heyday, (1987-97) ASEAN’s nominal GDP expanded faster than even China’s. In the past decade, India and China outpaced ASEAN. As ASEAN integrates, it becomes a more enticing
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Gross Domestic Product? 1. GDP for 2009? According to the NIPA Tables 1.1.5, 2012 the Real GDP (Gross Domestic Product) for 2009 was 13,973.7. a. What does GDP tell us? The GDP acts as a yardstick used to gauge information concerning a country’s economy. It also tells us s the total dollar value of all services and goods made during a particular time period. b. How did GDP change from 2008? In the first two quarters, GDP saw growth. Although the GDP began to slightly decline in the
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table stating some of the economic factors that may affect Apple. China United Kingdom GDP China GDP is worth 5879 billion dollars or 9.48% of the world economy, according to the World Bank. from 1960 until 2010, China's average GDP was 839.37 billion dollars reaching a massive rate 5878.63 billion dollars in December of 2010 and a record low of 46.46 billion dollars in December of 1962 The United Kingdom GDP is worth 2246 billion dollars or 3.62% of the world economy, according to the World Bank
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short-run aggregate supply (SAS) curves: AD: Y = 1.25Aᴩ + 2.5Mˢ/P SAS: Y = 11,250 - 20W + 1,000P where Y is real GDP, Aᴩ is the amount of autonomous planned spending that is independent of the interest rate, Mˢ is the nominal money supply, P is the price level, and W is the nominal wage rate. Assume that Aᴩ equals 5,000, Mˢ equals 2,000, W equals 50, and natural real GDP, Yᴺ, equals 11,250. Use the values for the amounts of autonomous planned spending that is independent of the interest rate
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[pic] Question 1 Use the AS/AD framework to show the separate effects on GDP, inflation and public sector borrowing on any single national advanced economy of: a. an increase in public infrastructure spending b. an increase in the rate of tax on profits c. a slowdown in the GDP growth of less developed economies. (Make sure that you include clear and appropriate diagrams for this question). Answer a. an increase in public infrastructure spending An increase
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1. From the definition of GDP we arrive at the following expression: c + i + g + x-m = y = c + s + t Discuss the three important economic relationships that can be derived from this expression related to the definition of GDP and explain each carefully. The expression above depicts two different ways to come up with real GDP for a country. The left side of the expression explains expenditure side of computing real GDP which can be rewritten as: y = c + i + g +x – m In real terms, it could
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2 Group 7 1. The Philippines is No. 83 on HDI ranking last 2003, No.112 last 2011 and No. 114 as reported by UNDP for 2013. Account on the reasons for such changes. Compare the following factors; a. life expectancy b. literacy c. average GDP Despite gains it has made on the economic front, the Philippines remained at 114th globally for the 5th straight year in the Human Development Index (HDI) released by the United Nations Development Program (UNDP) on Friday, March 15. The HDI is
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Population Size | 5.18 million | Population Growth | 0.817% | Age distribution | 0-14 years: 13.8% 15-64 years: 77%65 years and over: 9.2% | Degree of Urbanization | 0.9% annual rate of change | GDP/ GDP growth | 84,237 / 1.6% | Contribution of GDP growth by manufacturing, service and agricultural sector | Manufacturing: -0.2%Service: 1.3%Agricultural sector: - | Purchasing power/PPP | $314.5 billion [US dollars] | Inflation | 4.6% | Economic System | Free market economy | Major
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Harfouche Doing the maths: how real is Ireland's economic growth? The article I reviewed discusses the issue of Ireland’s growth GDP and GNP wise. It addresses why the GDP of Ireland may not reflect its real growth due to the circumstances related to the Irish economy and the effect of the low corporate tax rate in increasing the GDP. So according to this article the GDP of Ireland had increased by 4.8pc and the Irish economy as a whole grew by 6.7pc. Many jobs have been added and the unemployment
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Economic situation of Italy during financial crisis and outlook for the next years Abstract This work takes into investigation the situation of Italy during the initial phase of the financial crisis that begun in 2008 and next we have gone through the short-term recovery in 2010 till the return of the bad results in 2012 and negative predictions for the future. We have analyzed the background of Italy economy, the main economic measures and the actions taken by the Italian government to
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