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Understanding The Gross Domestic Product And The Gross National Product
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Book Synopsis Understanding the Gross Domestic Product and the Gross National Product by : Corona Brezina
Download or read book Understanding the Gross Domestic Product and the Gross National Product written by Corona Brezina and published by The Rosen Publishing Group, Inc. This book was released on 2011-12-15 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains what the gross domestic product and gross national product are, discussing their role in the global economy, economic indicators, and the limitations of the GDP.
Book Synopsis Understanding the Concepts of Gross Domestic Product and Gross National Product by : Hong Kong Census and Statistics Department
Download or read book Understanding the Concepts of Gross Domestic Product and Gross National Product written by Hong Kong Census and Statistics Department and published by . This book was released on 2000 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Power of a Single Number by : Philipp Lepenies
Download or read book The Power of a Single Number written by Philipp Lepenies and published by Columbia University Press. This book was released on 2016-04-26 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Widely used since the mid-twentieth century, GDP (gross domestic product) has become the world's most powerful statistical indicator of national development and progress. Practically all governments adhere to the idea that GDP growth is a primary economic target, and while criticism of this measure has grown, neither its champions nor its detractors deny its central importance in our political culture. In The Power of a Single Number, Philipp Lepenies recounts the lively history of GDP's political acceptance—and eventual dominance. Locating the origins of GDP measurements in Renaissance England, Lepenies explores the social and political factors that originally hindered its use. It was not until the early 1900s that an ingenuous lone-wolf economist revived and honed GDP's statistical approach. These ideas were then extended by John Maynard Keynes, and a more focused study of national income was born. American economists furthered this work by emphasizing GDP's ties to social well-being, setting the stage for its ascent. GDP finally achieved its singular status during World War II, assuming the importance it retains today. Lepenies's absorbing account helps us understand the personalities and popular events that propelled GDP to supremacy and clarifies current debates over the wisdom of the number's rule.
Book Synopsis GROSS DOMESTIC PRODUCT by : PRABHU TL
Download or read book GROSS DOMESTIC PRODUCT written by PRABHU TL and published by NestFame Creations Pvt Ltd.. This book was released on with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term "Gross Domestic Product" refers to the total monetary value of all final goods and services produced (and sold on the market) within a country over a given time period (typically 1 year). The gross domestic product (GDP) is the most widely used indicator of economic activity. At the end of the 18th century, the first basic concept of GDP was developed. The modern concept was developed by American economist Simon Kuznets in 1934 and adopted as the primary indicator of a country's economy at the 1944 Bretton Woods Conference. What does the term "Gross" mean? The term "gross" (as in "Gross Domestic Product") denotes that goods are counted regardless of how they are used. A product can be consumed, invested in, or used to replace an asset. In every case, the final "sales receipt" for the product will be added to the total GDP figure. "Net," on the other hand, does not take into account products used to replace an asset (in order to offset depreciation). The term "net" only refers to products that are intended for consumption or investment. What does"Domestic" stand for? (GDP vs. GNP and GNI) Household (GDP) The term "domestic" (as in "Gross Domestic Product") denotes a geographical inclusion criterion: goods and services counted are those produced within the country's borders, regardless of the producer's nationality. The output of a German-owned factory in the United States, for example, will be counted as part of the country's GDP. Gross National Product (GNP) "National" (in "Gross National Product"), on the other hand, indicates that the inclusion criterion is based on citizenship (nationality): goods and services are counted when produced by a country's national, regardless of where the production takes place physically. In this case, the output of a German-owned factory in the United States will be counted both as part of Germany's GNP and as part of the United States' GDP. GNI Because both are based on nationality rather than geography, GNI (Gross National Income) is a metric similar to GNP. The difference is that GNI uses the income approach to calculate total value, whereas GNP uses the production approach to calculate GDP. Theoretically, GNP and GNI should produce the same result. What does the term "Product" mean? The term "product" (as in "Gross Domestic Product") refers to the final goods and services that are sold on the market.
Download or read book GDP written by Diane Coyle and published by Princeton University Press. This book was released on 2015-09-22 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: How GDP came to rule our lives—and why it needs to change Why did the size of the U.S. economy increase by 3 percent on one day in mid-2013—or Ghana's balloon by 60 percent overnight in 2010? Why did the U.K. financial industry show its fastest expansion ever at the end of 2008—just as the world’s financial system went into meltdown? And why was Greece’s chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his country’s economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. This entertaining and informative book tells the story of GDP, making sense of a statistic that appears constantly in the news, business, and politics, and that seems to rule our lives—but that hardly anyone actually understands. Diane Coyle traces the history of this artificial, abstract, complex, but exceedingly important statistic from its eighteenth- and nineteenth-century precursors through its invention in the 1940s and its postwar golden age, and then through the Great Crash up to today. The reader learns why this standard measure of the size of a country’s economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. The book explains why even small changes in GDP can decide elections, influence major political decisions, and determine whether countries can keep borrowing or be thrown into recession. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.
Book Synopsis Gross National Income by : Fouad Sabry
Download or read book Gross National Income written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-18 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Gross National Income The total domestic and foreign output claimed by residents of a country is referred to as the gross national income (GNI), which was formerly known as the gross national product (GNP). The GNI is comprised of the gross domestic product (GDP), plus factor incomes earned by foreign residents, and minus income earned in the domestic economy by nonresidents. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Gross national income Chapter 2: Economy of Armenia Chapter 3: Gross domestic product Chapter 4: Economy of Slovakia Chapter 5: Economy of Switzerland Chapter 6: Measures of national income and output Chapter 7: Gross world product Chapter 8: Bureau of Economic Analysis Chapter 9: Government budget balance Chapter 10: Lists of countries by GDP per capita Chapter 11: National Income and Product Accounts Chapter 12: Economy of the European Union Chapter 13: Gross output Chapter 14: Net international investment position Chapter 15: Net national income Chapter 16: Income in India Chapter 17: Green national product Chapter 18: Economy of the Republic of Ireland Chapter 19: Gross national income in the European Union Chapter 20: Leprechaun economics Chapter 21: Modified gross national income (II) Answering the public top questions about gross national income. (III) Real world examples for the usage of gross national income in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of gross national income.
Book Synopsis Stakeholder Capitalism by : Klaus Schwab
Download or read book Stakeholder Capitalism written by Klaus Schwab and published by John Wiley & Sons. This book was released on 2021-01-27 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.
Book Synopsis Gross Domestic Product by : Fouad Sabry
Download or read book Gross Domestic Product written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-14 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Gross Domestic Product The term "gross domestic product" (GDP) refers to a monetary measurement that is used to determine the market worth of all of the final products and services that are produced by a country or countries within a certain time period. When attempting to evaluate the state of the economy of a particular nation, the government of that nation most frequently use the Gross Domestic Product (GDP). The fact that this measurement is both subjective and complicated means that it is frequently susceptible to revision before it can be regarded a trustworthy indication. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Gross domestic product Chapter 2: Economy of Denmark Chapter 3: Measures of national income and output Chapter 4: Purchasing power parity Chapter 5: GDP deflator Chapter 6: Bureau of Economic Analysis Chapter 7: Potential output Chapter 8: Genuine progress indicator Chapter 9: National Income and Product Accounts Chapter 10: Index of Sustainable Economic Welfare Chapter 11: Government spending Chapter 12: Gross national income Chapter 13: National accounts Chapter 14: Gross fixed capital formation Chapter 15: Intermediate consumption Chapter 16: Gross output Chapter 17: Net output Chapter 18: Gross value added Chapter 19: Income in India Chapter 20: United Kingdom National Accounts - The Blue Book Chapter 21: Economic statistics of Singapore (II) Answering the public top questions about gross domestic product. (III) Real world examples for the usage of gross domestic product in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of gross domestic product.
Book Synopsis Understanding National Accounts Second Edition by : Lequiller François
Download or read book Understanding National Accounts Second Edition written by Lequiller François and published by OECD Publishing. This book was released on 2014-10-20 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an update of OECD 2006 "Understanding National Accounts". It contains new data, new chapters and is adapted to the new systems of national accounts, SNA 2008 and ESA 2010.
Book Synopsis Gross Domestic Problem by : Doctor Lorenzo Fioramonti
Download or read book Gross Domestic Problem written by Doctor Lorenzo Fioramonti and published by Zed Books Ltd.. This book was released on 2013-01-17 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gross domestic product is arguably the best-known statistic in the contemporary world, and certainly amongst the most powerful. It drives government policy and sets priorities in a variety of vital social fields - from schooling to healthcare. Yet for perhaps the first time since it was invented in the 1930s, this popular icon of economic growth has come to be regarded by a wide range of people as a 'problem'. After all, does our quality of life really improve when our economy grows 2 or 3 per cent? Can we continue to sacrifice the environment to safeguard a vision of the world based on the illusion of infinite economic growth? Lorenzo Fioramonti takes apart the 'content' of GDP - what it measures, what it doesn't and why - and reveals the powerful political interests that have allowed it to dominate today's economies. In doing so, he demonstrates just how little relevance GDP has to moral principles such as equity, social justice and redistribution, and shows that an alternative is possible, as evinced by the 'de-growth' movement and initiatives such as transition towns. A startling insight into the politics of a number that has come to dominate our everyday lives.
Book Synopsis Gross Domestic Product (GDP) and Gross National Product (GNP). by : Antonio Argandoña
Download or read book Gross Domestic Product (GDP) and Gross National Product (GNP). written by Antonio Argandoña and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work is an entry for the second edition of Sage's Encyclopedia of Business Ethics and Society. It provides an explanation of the concepts of gross domestic product and gross national product, their economic significance and their ethical implications. Although both GDP and GNP are technical quantities, they have considerable ethical significance because they refer to the population's standard of living and to growth policy objectives. In any case, it is important not to confuse GDP with human well-being or welfare. The limitations of GDP and the alternatives that have been proposed to overcome them are discussed.
Book Synopsis Understanding National Accounts by : Lequiller François
Download or read book Understanding National Accounts written by Lequiller François and published by OECD Publishing. This book was released on 2007-03-09 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: This manual explains what GDP and GNI and their components are, and what they mean. It shows how they are used and what they are used for. And it uses practical examples and exercises to clearly explain these notions.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9789211613520 Total Pages :778 pages Book Rating :4.6/5 (135 download)
Book Synopsis System of National Accounts, 1993 by : International Monetary Fund
Download or read book System of National Accounts, 1993 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1993-03-15 with total page 778 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1993 SNA represents a major advance in national accounting. While updating and clarifying the 1968 SNA, the 1993 SNA provides the basis for improving compilation of national accounts statistics, promoting integration of economic and related statistics, and enhancing analysis of economic developments. The 1993 SNA deals more clearly with relationships between economic flows (such as production, income, savings, accumulation, and financing) and links between these flows and stocks. At the same time the 1993 SNA reflects the many significant developments that have taken place in financial markets and completes the integration of balance sheets into the system. The 1993 SNA also suggests how satellite accounts (e.g. environmental accounts) and alternative classifications (e.g., through social accounting matrices) an be used to augment the central framework of the system.
Book Synopsis The Growth Delusion by : David Pilling
Download or read book The Growth Delusion written by David Pilling and published by Tim Duggan Books. This book was released on 2018-01-30 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative critique of the pieties and fallacies of our obsession with economic growth We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are currently witnessing suggests that people are turning against the experts and their faulty understanding of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever, and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long, economics has relied on a language which fails to resonate with people's actual experience, and we are now living with the consequences. In this powerful, incisive book, David Pilling reveals the hidden biases of economic orthodoxy and explores the alternatives to GDP, from measures of wealth, equality, and sustainability to measures of subjective wellbeing. Authoritative, provocative, and eye-opening, The Growth Delusion offers witty and unexpected insights into how our society can respond to the needs of real people instead of pursuing growth at any cost.
Book Synopsis Difference Between Gross National Product and Gross Domestic Product at the Different Levels of Development by : Soo Byung Choi
Download or read book Difference Between Gross National Product and Gross Domestic Product at the Different Levels of Development written by Soo Byung Choi and published by . This book was released on 1966 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Patterns and Stories by : Edward E. Leamer
Download or read book Macroeconomic Patterns and Stories written by Edward E. Leamer and published by Springer Science & Business Media. This book was released on 2008-11-21 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The story of this book began with my dif?cult transition from teaching international economics and econometrics in Economics Ph. D. programs at Harvard and UCLA to teaching in the MBA programs at the Anderson School at UCLA. On the basis of 20 years of apparent teaching success in Ph. D. education, I arrived at the Anderson School in 1990 with a self-image as a star teacher, but I was greeted with highly disturbingmediocreteachingevaluations. Facedwithadatasetthatwasinconsistent with my view of reality, I did what analysts usually do – I formulated a theory why the data were misleading. Here is how I thought about it. Two aspects of the course – content and amu- ment – drive numerical course evaluations. If you rank courses by the average of the content score and the amusement score, then the component that can be measured most accurately will determine the ranking. Do you understand why? It is what - eraging does: it eliminates the noise. Suppose, for example, that a student cannot tell anything about the content, and the content score is simply a random number, varying from student to student. Those random numbers will average out across students to about the same number for each course. As the average course content score is about the same for every course, it is the amusement score that will drive the rankings.
Book Synopsis The Little Big Number by : Dirk Philipsen
Download or read book The Little Big Number written by Dirk Philipsen and published by Princeton University Press. This book was released on 2015-05-26 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: A professor of economic history discusses why he believes the Gross Domestic Product, a measure of output, should not be the sole indicator of economic performance and outlines a way to develop smarter measurements and goals.
