Total household consumption component of the gdp

Assignment Help Business Management
Reference no: EM131176743

The Genuine Progress Indicator (GPI) intends to expand the accuracy and utility of the GDP by adapting its methodology to discount the value of some expenditures, and by adapting its content to include items such as unpaid household and volunteer labour, leisure time, and environmental degradation.

The GPI's gains in accuracy are paid for by a significantly increased complexity. The formula begins with the total household consumption component of the GDP (roughly 60% of its total value), and moves it through a series of adjustments as follows

Reference no: EM131176743

Questions Cloud

Describe the difference between induction and deduction : Describe the difference between induction and deduction. Which approach to reasoning, in your opinion, is the "highest" form of homeland security analysis and why?
Representative to human welfare growth : The goal of these adjustments is to show that GDP growth is not quite representative to human welfare growth, and that, in fact, "over time, more and more economic activity may be self-canceling from a welfare perspective"
Focused upon the private sectors role related to our nation : Thus far, we have focused upon the private sector's role related to our nation's critical infrastructure, as well as the necessity of ensuring the goods and services they offer are provided in an uninterrupted manner.
Evaluative criteria for national economic performance : Building on our critiques of using GDP as the dominant evaluative criteria for national economic performance, I would like you to: 1. Discuss what you think of GDP and how it has been developed and is utilized.
Total household consumption component of the gdp : The GPI's gains in accuracy are paid for by a significantly increased complexity. The formula begins with the total household consumption component of the GDP (roughly 60% of its total value), and moves it through a series of adjustments as follow..
Determine the tensile force s in the string : A ball of weight Q and radius r is attached by a string AD to a vertical wall AB, as shownin Fig. Determine the tensile force S in the string and the reaction Rb against the wall atB if Q = 90 N, r = 75 mm, AB = 100 mm. Neglect friction at wall.
Write the report on given case study : write the report on given Case Study.  - Assume the role of the investigator for the following foodborne illness case file.
Health hazards trigger defensive or repair expenditures : GDP increases when convivial reciprocity is replaced by anonymous market relations and when rising crime, pollution, catastrophes, or health hazards trigger defensive or repair expenditures. (Fleurbaey, 2009)
Find the the linearspeed of the sphere : Find the the linearspeed of the sphere (a) when it stops rotating and (b) when slippingfinally ceases and pure rolling starts

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd