What are the shortcomings of gdp

Assignment Help Macroeconomics
Reference no: EM132471814

1) What are the shortcomings of GDP? Identify and describe some additional tools for measuring economic development.

2) Describe the difference between the Income Approach and The Expenditures approach of calculating GDP.

4) Describe the difference between real and nominal GDP.

4) Using the MIT Trade Atlas select a country and report on its Net Exports, and GDP per capita.

Net Exports = -$8.4B, GDP per capita $115K) Feel free to explore the different visualizations and ways you can organize the data. What is interesting, surprising, etc?

Reference no: EM132471814

Questions Cloud

Calculate the slope of the line you have graphed : Clearly and accurately construct a line graph using Excel based on all the information above.
Graph blossom daily production possibilities frontier : Blossom can allocate her 8-hour day between sewing and cooking. Each hour devoted to sewing yields 2 dresses whereas each hour spent cooking produces 4 cups of
Prepare journal entries for EDGET Corporation on January : Prepare journal entries for EDGET Corporation on January 31, 2004 to record the acquisition of net assets of HIBRET Company's except cash
Compute the value of the goodwill if stillman pays for ekc : Compute the value of the goodwill if Stillman pays $1,296,600 for EKC. No allowance for uncollectible accounts has been established.
What are the shortcomings of gdp : What are the shortcomings of GDP? Identify and describe some additional tools for measuring economic development.
Graph blossom daily production possibilities frontier : Blossom can allocate her 8-hour day between sewing and cooking. Each hour devoted to sewing yields 2 dresses whereas each hour spent cooking produces
What will be the book value of the equipment : What will be the book value of the equipment at the end of the first year, after the adjusting entries have been prepared and posted
Application of the concept of income elasticity of demand : What would be an example of the application of the concept of income elasticity of demand?
Determine the cause of the overtime is peak production : Allocate Greg's wages for the week between direct labour cost and manufacturing overhead cost. The cause of the overtime is peak production.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Find an equation for the relative supply curve

Economics 440 International Trade Fall 2016 Problem. Combine the answers to part (1) and part (3) to find an equation for the relative supply curve (QC/QF as a function of the relative price PC/PF). What can you say about the shape of the supply curv..

  Presentation for academic computing services

The Baypoint Group (TBG) needs your help with a presentation for Academic Computing Services (ACS), a nationwide organization that assists colleges and universities with technology issues.

  By how much will the money-creating potential

Suppose in the banking system as a whole, demand deposits are equal to $80,000,000 and reserves are equal to $17,000,000 with a legal reserve ratio of 10%. If the Fed doubles the required ratio, by how much will the money-creating potential.

  Economics and finance have two different meanings

Economics and finance have two different meanings when it comes to total cost. To an economist it means?

  Compute total revenue at each and every price

Compute total revenue at each and every price for this demand curve.

  Write assignment on international labor rights

Discuss whether or not workers are exploited in manufacturing of US imports. In your response consider whether they are better off in that type of job or an alternative.

  Find beta of the new portfolio

Suppose that you will receive $2000 a year in years 1 thru 5, $3000 a year in years 6 thru 8, and $4000 in year 9 with all cash flows to be received at the end of a year.

  Identify microeconomic analysis from macroeconomic analysis

Find an article in a business journal and 1st summarize the facts presented in the article and then relate these facts to some microeconomics/macroeconomic concept that you discovered in the reading.

  Theory of supply and demand to analyze specific markets

A key skill in economics is the ability to use the theory of supply and demand to analyze specific markets. In this week's discussion, you get a chance to demonstrate your ability to analyze the effects of several "shocks" to the market for coffee..

  Short run and long run profit maximizing price

Finding the short run and long run profit maximizing price - quantity and number of firms in industry.

  Calculate the point price elasticity of demand

In effort to decrease excess end of the model year inventory, Oaktown Ford offered a 1 percent discount off the average price of 4WD Escape gas-electric hybrid SUV's sold during the month of August.

  Identify the expected price level on graph

Draw the long run aagregate supply curve in an AD - AS ( aggregate demand - aggregate supply) diagram.

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