Gross Domestic Product College - Essay Example

Only on StudentShare

Extract of sample
Gross Domestic Product College

As for 'government spending' it is the sum of government expenditures on final goods and services, including salaries of public servants, purchase of weapons for the military, and any investment expenditure by a government.
First of all, it should be noted that GDP was not designed to evaluate the well-being of a country. Instead, it measures particular types of economic activities within the country, which does not necessarily refer to a standard of living. For one crude example, a country with all goods and services exported will have a high GDP but low well-being of its citizens.
Second, GDP takes into account only documented operations. It does include neither black market, nor non-monetary operations, like bartering, showing inaccurate information for countries where any of these issues plays an important role. Moreover, some companies commit a cross-border trade within themselves in order to escape high taxation - this distorts GDP, creating additional imports/exports data.
Third, GDP indicator shows little information for changes in ecology, society, and lifestyle. ...Show more

Summary

Gross Domestic Product or GDP has become an important indicator for economic health of a state since the beginning of industrial revolution. Generally, GDP of a country reflects the market value of all final goods and services produced within its borders for a set time period…
Author : larissamaggio
Save Your Time for More Important Things
Let us write a custom essay on your topic
"Gross Domestic Product College Essay"
with a personal 20% discount.
Find out more

Related Essays

Gross Domestic Product Essay
The methodologies include Production Approach, Income Approach as well as expenditure approach however what is most important is the fact that all three commonly used methodologies present the GDP at price levels i.e. at current market price and at constant market prices.
11 pages (2750 words) Essay
Corporate Finance College Essay
The Company has access to a large inventory of hotel rooms; has developed its own technology, which searches for hotel inventory to be used by travel agents and Internet portals, and owns or has agreements with travel agents for the distribution of its inventory.
7 pages (1750 words) Essay
Marketing communications College Essay
No frills ALDI (short for "Albrecht Discounts") bought cheap land mostly on city outskirts, built cheap warehouses, kept a tiny staff, and carried mostly private-label items, displaying them on pallets rather than shelves. ALDI has more than 780 stores in 26 US states, but Germany (where ALDI has a 40% share of the grocery market) accounts for about two-thirds of sales.
8 pages (2000 words) Essay
Gross Domestic Product
The data used to build and refine the econometric model was extracted from the Economic Trend Annual Supplement (ETAS) presented by the British Office for National Statistics (ONS). This was accomplished by applying fundamental econometric methods such as linear regression, misspecification testing, and hypothesis testing using the computer package E-Views.
8 pages (2000 words) Essay
Product Development Essay
The entire team of the company is committed towards attaining significant market share and secure financial interest for the company. The company has specific values attached to its policy, which are endorsed by both, the management and employees. L'Oreal has been successful in the establishment of healthy professional environment, where the employees have the feeling of ownership, responsibility and accountability; all employees are observed investing significant efforts for the attainment of professional goals; the professional objective of the company has been realised as personal ambition by the employees.
4 pages (1000 words) Essay
New Product Development Essay
Innovation is that element in the global market place which deals with variations of the same product for the creation of a unique selling point for each kind of product and producer of the same. The reason for using the word producer along with product when talking of unique selling point is the fact that in today's world of commerce, brand identity is everything and this brand identity comes from a successful marriage of the product and its producer.
6 pages (1500 words) Essay
W2 BA541 Disc "Identifying Customers"
d that their vision is embodied in four pillars: to work to create a better future; to help people feel good; to inspire people to take action in making a big difference in the world; and to “develop new ways of doing business with the aim of doubling the size of our company
1 pages (250 words) Essay
W1 BA541 Asign " Behavior vs Communication"
or relating to continuous two-way transfer of information between a user and the central point of a communication system, such as a computer or television” (Collins English Dictionary - Complete & Unabridged 10th Edition, n.d., p. 1). Technology, on the other hand, is “the
4 pages (1000 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT