This paper will entail some trends, forecasts, and statistics for the expected growth rate of the United States’ gross domestic products (GDP). It will detail how the GDP is determined and how it can be interpreted. Every month the Bureau of Economic Analysis (BEA) updates the trend, forecasts, and statistics for the GDP. It announces the growth of the GDP and depicts how quickly the economy has flourished from the last quarter. The BEA suggests that the quarterly yield should be 2-3% because
Words: 775 - Pages: 4
GDP Research Paper Kechen Sun Econ-201 Spring 2016 Gross Domestic Product, also known as GDP, is defined as the dollar value of all final goods and service produced within the border of a country during a specific period of time, typically in one year. GDP measures the value for the whole country, and it also changes quickly. We can take a look at the trends of US GDP in the website of the U.S. Bureau of Economic Analysis. In the time period shown in the BEA release highlights document
Words: 739 - Pages: 3
future. To meet up with this expectation, Gross Domestic Product (GDP for short) has been used as a method of evaluating the human well-being for a long time all over the world. But with the introduction of Human Development Report in 1990, the Human Development Index (HDI) has attracted great attention of policy and academic circles, as well as broader community around the world. This appearance also helps raising the question: Is GDP still an adequate measure of societal well-being and should it be
Words: 1727 - Pages: 7
GDP Research Paper The definition of Gross Domestic Product (GDP) defines aggregate output as the dollar value of all final goods and services produced within the borders of a country during a specific period of time, typically a year, while the real GDP is the GDP that has been deflated or inflated to reflect changes in the price level (McConnell, C. (2011). Macroeconomics [VitalSouce bookshelf version]. Retrieved from http://online.vitalsource.com/books/1259174522/epubcfi/6/52). According
Words: 641 - Pages: 3
India's GDP seen rising but skepticism remains Nyshka Chandran | @nyshkac Monday, 30 Nov 2015 Growth in Asia's third-largest economy likely picked up pace during the July-September period but don't cheer just yet, economists warn. India's real gross domestic product (GDP) is expected to expand 7.3 percent on year, up from 7 percent in the April-June quarter, on the back of improved consumption and rising industrial production, according to widespread estimates from private sector economists
Words: 577 - Pages: 3
portion to the Gross Domestic Product (GDP). We are now going to analyze on the economic condition of Japan which is a developed country, Malaysia as a developing country, and South Africa as an undeveloped country. Analysis on immigrants’ contribution on the economic condition will be done. 2.0 Japan 2.1 Gross Domestic Product (GDP) from 2000 to 2008 Please refer to Attachment 1.0. It is a table of Gross Domestic Product of Japan since 2000 to 2008. The GDP of Japan shows increase since year
Words: 5898 - Pages: 24
country. But GDP figure does not indicate the distribution of wealth. It may happen that very small percentage of the population may control significant share of wealth, which actually depicts the prevailing condition of most underdeveloped and developing countries. GDP of economies increase due to inputs from so many sectors of the economy while per capita GDP is based on certain consumer sector and inclusive monetary policy, employment and savings and real income generation .Though the GDP has been
Words: 470 - Pages: 2
African Union. Notwithstanding, it is a part of the Arab League, Arab Maghreb Union, Organization of the Islamic Conference, Mediterranean Dialog gathering, and Group of 77, and is a major non-NATO partner. As per the African Development Bank, Morocco's GDP of $147 billion records for 6% of the African mainland. This makes Morocco the fifth biggest economy in Africa, after South Africa, Egypt, Algeria and Nigeria. The economy is described by trade with nations outside of Africa, with France as its biggest
Words: 970 - Pages: 4
ECO 151 Robin Turner September 10, 2013 Virginia GDP Virginia GDP was ranked 40th in the nation back in 2012. In 1997 Virginia’s GDP was 210.97 billion, and by 2012 it had risen to over 400 billion. From Richmond down to Lee County southwest includes military installations, cattle, tobacco and peanut farming in Southside Virginia. Tomatoes recently surpassed soy as the most profitable crop in Virginia. However, income statistics showed mixed results in FY 2012. Personal income increased by
Words: 292 - Pages: 2
audience. * Topic: Expected U.S. GDP growth rate going forward * Audience: Local chamber of commerce * Purpose: To give business leaders an idea of what the economy may look like based on recent history and expected future conditions Part IWrite a 600-750 word research paper given the topic, purpose, and audience information above. In addressing GDP, consider the following: * Trends, forecasts, and statistics * How GDP is determined * Interpreting GDP Part IIPrepare a PowerPoint presentation
Words: 311 - Pages: 2
