Real gross domestic product

Ask an economist what a recession is, and you'll likely get the answer "a decline in gross domestic product lasting two or more consecutive quarters" (Gross domestic product, or GDP, is the total value of goods and services produced in a country.) At the time of this writing, America isn't officially in a recession (although many analysts say it's just a matter of getting the numbers that'll prove that the second-quarter decline has actually occurred), but the economy is definitely in a downturn.

354p zizaybay1104 29-05-2024 10 2   Download

Lecture Macroeconomics in context: A European perspective - Chapter 5: Macroeconomic Measurement: The Current Approach. In this chapter you will learn: An overview of national accounting; defining gross domestic product; measuring gross domestic product; growth, price changes and real GDP; savings, investment and trade.

56p runordie1 10-05-2022 13 1   Download

The present study aims to examine the short-run and long-run impact of China’s trade liberalization policies on its energy demand over the period from 1980 to 2018. The results of Autoregressive Distributed Lag approach of co-integration show that energy consumption significantly increases as a result of trade openness and increase in real Gross Domestic Product (GDP). The results of the granger causality test also confirm the unidirectional causality running from trade openness and real GDP to energy demand.

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Chapter 9 - Gross domestic product. In this chapter, we will address the following questions: What is GDP? How is GDP measured? What are the national income accounts? What is the difference between GDP and real GDP? How does our GDP compare to those of other nations? How is per capita GDP calculated? What are the shortcomings of GDP as a measure of national economic well-being?

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Chapter 2 The data of macroeconomics. After studying this chapter you will be able to understand: Gross Domestic Product (GDP) measures both total income and total expenditure on the economy’s output of goods & services; nominal GDP values output at current prices; real GDP values output at constant prices; GDP is the sum of consumption, investment, government purchases, and net exports;...

54p lovebychance02 04-05-2021 19 2   Download

The current study examined the determinants of electricity consumption and also intends to forecast the electricity consumption in Pakistan. The study has used time series data analysis, applied Johansen Cointegration Test, error correction mechanisms and regression for examining determinants and autoregressive integrated moving average model is used for forecasting. The study has used times series secondary annual data on different variables for the period ranging from 1970 to 2018.

8p nguaconbaynhay10 22-02-2021 17 2   Download

Chapter 2 The data of macroeconomics- GDP, unemployment & inflation. After studying this chapter you will be able to understand: Gross Domestic Product (GDP) measures both total income and total expenditure on the economy’s output of goods & services; nominal GDP values output at current prices; real GDP values output at constant prices; GDP is the sum of consumption, investment, government purchases, and net exports;...

9p larachdumlanat126 31-12-2020 16 1   Download

After completing this chapter, students will be able to: Learn how gross domestic product (GDP) is defined and calculated, see the breakdown of GDP into its four major components, learn the distinction between real GDP and nominal GDP, consider whether GDP is a good measure of economic well-being.

19p larachdumlanat125 01-12-2020 22 2   Download

Lecture 5 - National income: Where it comes from and where it goes - II. The main contents of the chapter consist of the following: Consider why an economy’s total income equals its total expenditure, learn how gross domestic product (GDP) is defined and calculated, see the breakdown of GDP into its four major components, learn the distinction between real GDP and nominal GDP, consider whether GDP is a good measure of economic well-being.

30p larachdumlanat124 28-11-2020 20 1   Download

Chapter 24 - Measuring the wealth of nations. In this chapter you will learn: How to calculate gross domestic product (GDP)? Why each component of GDP is important? What different approaches are used to calculate GDP? What the difference is between real and nominal GDP?...

11p koxih_kothogmih6 22-09-2020 15 0   Download

This study aims to investigate the relationship between real non-oil GDP growth of Azerbaijan and exchange rate and oil prices. Zivot-Andrews unit root test is applied to deal with structural breaks in data and the Gregory-Hansen (GH) test for robustness. While conventional unit-root tests decision that the series are not stationary at their level, the Ziwot-Andrews test decision that the series is stationary with structural break.

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After reading this chapter, you should be able to: Explain how gross domestic product (GDP) is defined and measured; describe the relationships among GDP, net domestic product, national income, personal income, and disposable income; discuss the nature and function of a GDP price index, and describe the difference between nominal GDP and real GDP; list and explain some limitations of the GDP measure.

21p nanhankhuoctai10 23-07-2020 22 2   Download

This study examined the impact of the capital market on Nigerian economy. Time series data were collected on Real Gross Domestic Product, Market Capitalization, All Share Index and Turnover Ratio from 1981 - 2014.

9p guineverehuynh 21-06-2020 21 4   Download

This paper assesses the stock market development and economic growth in these BRICS nations. In doing this, quarterly time series data from 1994 to 2014 was sourced from World Bank Indicators.

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This paper examines the impact of economic and financial factors on tax revenue of Bahrain and Oman from 1990 to 2010. For this purpose, panel regression analysis is performed by considering economic and financial factors including growth domestic product (GDP), Deposit Interest Rate, Lending Interest Rate, Interest Rate Spread, Real Interest Rate, Bank Capital to Asset Ratio, Bank nonperforming loans to total gross loans, Risk premium on lending, Foreign direct investment net inflow and Cash surplus deficit.

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In this chapter you will learn: How to calculate gross domestic product (GDP)? Why each component of GDP is important? What different approaches are used to calculate GDP? What the difference is between real and nominal GDP?...

41p nanhankhuoctai1 06-05-2020 10 1   Download

This paper aims at modeling and analyzing the short and long run effects of export diversification on economic growth using the countries Gulf Cooperation Council (GCC) panel data for the period 1992-2017. The paper introduces the panel auto regressive distributed lag/pooled mean group (ARDL/PMG) to reach its purpose. The export diversification measured by Theil index.

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The study empirically investigates the influence of financial development on economic growth in South Asia by using six indicators of financial development, which include Gross Fixed Capital Formation (GFCP), Broad Money (M2), Domestic Credit to Private Sector (DCPS), Market Capitalization (MC), Trade Openness (TO) and Foreign Direct Investment (FDI). While Economic Growth is measured by Real Gross Domestic Product per Capita (GDP).

9p vimadrid2711 18-12-2019 12 0   Download

The study investigated the impact of internally generated revenue (IGR) on economic development of Nigeria. The inability of States and Local governments in Nigeria to generate enough revenue to cope with their expenditure responsibilities has been a serious challenge. The improper use of IGR and corruption have remained a setback to economic development in Nigeria, hence the clamour from the citizens.

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After reading this chapter, you should be able to: Explain how gross domestic product (GDP) is defined and measured; describe the relationships among GDP, net domestic product, national income, personal income, and disposable income; discuss the nature and function of a GDP price index, and describe the difference between nominal GDP and real GDP; list and explain some limitations of the GDP measure.

18p dien_vi03 08-10-2018 24 0   Download