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Top competitors on query "discuss why real gdp is not regarded as an accurate measure of economic welfare"
http://www.foreignpolicy.com/articles/2011/01/02/think_again_american_decline Competition: low
The Industrial Revolution, European Colonialism and the efficiencies of capitalist production spelled the doom for both the Chinese and Indian economies. The Internet includes commercial, educational, governmental, and other networks, all of which use the same set of communications protocols." Note how "Internet" starts with a capitalized letter
DEPweb: Beyond Economic Growth, Glossary
http://www.worldbank.org/depweb/english/beyond/global/glossary.html Competition: low
Although this poverty line is useful for international comparisons, it is impossible to create an indicator of poverty that is strictly comparable across countries. The population growth rate is the sum of the difference between the birth rate and the death rate- the natural population increase- and the difference between the population entering and leaving the country- the net migration rate
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x1989989 Competition: low
Capitalism essentially implements an evolutionary algorithm by which business and technical processes adapt to changing circumstance in pursuit of consumer wants. A bit more on CREW:The irony is that this watchdog group -- more than any other -- might have been expected to prove a politically useful ally for the Democrats
business cycle: Definition from Answers.com
http://www.answers.com/topic/business-cycle Competition: low
Studying these along with the aggregate variables, analysts attempt to forecast cycles, which is especially difficult when predicting the timing of turning points between expansion and contraction. Economists increasingly have recognized, however, that an understanding of business cycles requires microeconomic foundations, that is, an under-standing of how the interaction of individuals and firms in the markets for goods and services, finance, and labor generates business cycles.Theories of business cycles can be divided into two broad categories
http://www.imf.org/external/np/speeches/2000/082500.htm Competition: low
More recently, if less dramatically, it is clear that tastes for products and services produced in far away locations (including tastes exercised through travel and tourism), as well as for investment in foreign assets, depend to an important degree on experience. If Lincoln was right about this issue (as he was about slavery, but not about tariffs), then the recent and continuing advances in communications promise to have profound effects on innovation across a very broad spectrum and on a global scale
http://dalrock.wordpress.com/2013/03/29/why-arent-men-responding-to-economic-signals/ Competition: low
The simple fact appears to be that, having moved to America and away from the protection of her family, he somehow got into his head these absurd notions about what scripture was licensing him to do. 29 Woe unto you, scribes and Pharisees, hypocrites! because ye build the tombs of the prophets, and garnish the sepulchres of the righteous, 30 And say, If we had been in the days of our fathers, we would not have been partakers with them in the blood of the prophets
SurvivalBlog.com Glossary
http://www.survivalblog.com/glossary.html Competition: low
ISDA: International Swaps and Derivatives Association Ishapore: The Indian Army arsenal, best known for its 7.62mm NATO variant of the Enfield bolt action rifle. Early AR-180s (made in the US, England, and and Japan) use a proprietary magazine, some of which do not interchange with AR-15 magazines, because their narrow magazine catch notches were on the opposite side of the magazine
Definitions of Anthropological Terms
http://oregonstate.edu/instruct/anth370/gloss.html Competition: low
leveling device - a cultural mechanism which reduces wealth differentials between individuals often by inducing the wealthy to sponsor feasts or to destroy or give away surplus in return for increased prestige. Initially, these groups were called "primitives." This term came to be viewed as too ethnocentric since it emphasized they were less developed than "modern" cultures
http://welkerswikinomics.wikifoundry.com/thread/1151297/Is+GDP+really+a+good+measure+of+well-being Competition: low
Even though GDP lacks the ability to show the well-being of a country, GDP does acts as a way of comparison between years in one country to indicate whether there was any growth . It does not count in any nonmarket activities that brings in an increase of well-being, improvements in product quality, the environment, the distribution and composition of output
Department of Labor - Introduction To SF98
http://www.dol.gov/whd/govcontracts/sca/sf98/index.asp Competition: low
WHD will issue the average cost fringe benefit wage determinations only for those contracts where the formerly grandfathered high-level benefit rate applied. We welcome your comments on how we can make our site more useful." All external links to non-federal sites include an exit pop-up disclaimer that includes the following language: "You are now leaving the Section 508 website
http://wps.prenhall.com/bp_casefair_econf_7e/31/7936/2031704.cw/index.html Competition: low
You will see later that it is very important to note that inventories count as part of business investment! It is also important to distinguish between gross investment, which is the total value of all newly produced capital goods produced in a given period, and net investment, which is gross investment less depreciation. Calculating GDP -- The Expenditure Approach As we mentioned earlier, GDP can be calculated by either adding up all of the expenditures on goods and services produced in the economy or by adding up all of the income received by labor and other inputs in the economy
What is the difference between GNP and GDP? - Yahoo! Answers India
http://in.answers.yahoo.com/question/index?qid=20070908103217AAeAuUL Competition: low
They are measured in money value terms to get around the problem of adding up total output of many different goods and services that are normally expressed in many different kinds of incomparable physical units. has exported about as many jobs to other countries as has been imported to the U.S.? A little different picture than the ones painted by the Textile Manufacturers Association and U.S
http://dieoff.org/page11.htm Competition: low
It broadens the conventional accounting framework to include the economic contributions of the family and community realms, and of the natural habitat, along with conventionally measured economic production. The GPI is intended to provide citizens and policy-makers with a more accurate barometer of the overall health of the economy, and of how our national condition is changing over time
http://www.harpercollege.edu/mhealy/eco212i/lectures/measecon/measecon.htm Competition: low
We WOULD include the profits earned by the used car salesperson in 2001 since he or she did clean, advertise, and sell the used car in that year, but we would not include the value of the 1999 car itself. But WHAT NUMBERS do we put on the axes? How do we measure the price level and real domestic output? We have seen that you measure real domestic output with REAL GDP and we have learned how to calculate GDP
http://daliaeconblog.wordpress.com/2010/04/25/three-limitations-of-using-gdp-as-a-measure-of-welfare-between-countries/ Competition: low
Other ways to measure domestic output and income, as well as health, happiness, and fortunes of a person can be through the gross happiness index, the genuine progress index, and the human development index. Is Clinton assuming that with an expanded economy, there would be more currency circulating so that more people would have access to material wealth? 2
GDP as a false measure of a country economic output
http://www.softpanorama.org/Skeptics/Financial_skeptic/Casino_capitalism/Number_racket/gdp_is_a_questionable_measure_of_economic_growth.shtml Competition: low
Most western countries are likely to see net immigration for the foreseeable future, which would bring with it opportunities for new investment without any need for whipping up artificial needs and anxieties. What might then happen if a majority of people were to turn their backs on further improvements in their real spending? The basic answer is that, in this no-growth new world, people could enjoy the fruits of technological progress with a mixture of increased leisure and a more congenial and relaxed working life
http://hanseconomics.com/2012/01/29/the-shortcomings-of-gdp-as-a-measure-of-economic-growth/ Competition: low
Perhaps the most significant shortcoming of GDP as a measure of economic growth is its inclusion of government spending alongside other voluntary market transactions. But the GDP possesses some serious shortcomings as a measure of economic growth, and should not be relied upon as the sole means of determining the health of an economy
Recession - Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Recession Competition: low
One remedy to a liquidity trap is expanding the money supply via quantitative easing or other techniques in which money is effectively printed to purchase assets, thereby creating inflationary expectations that cause savers to begin spending again. Monetarists would favor the use of expansionary monetary policy, while Keynesian economists may advocate increased government spending to spark economic growth
Gross domestic product - Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Gross_domestic_product Competition: low
used Google Trends data to demonstrate that Internet users from countries with a higher per capita gross domestic product (GDP) are more likely to search for information about the future than information about the past. For instance, if a government embarks on the building of a pyramid, which adds absolutely nothing to the well-being of individuals, the GDP framework will regard this as economic growth
Which is a better measure of economic well-being real GDP or Nominal GDP
http://wiki.answers.com/Q/Which_is_a_better_measure_of_economic_well-being_real_GDP_or_Nominal_GDP Competition: low
spending + net exports (exports - imports).Real GDP is the va Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP? Growth in real GDP is the only true indicator of weather or not an economy is growing. Last edit by Vishnubond Answer History Related Answers: Which is a better measure of economic well-being real GDP or Nominal GDP? AnswerWell real GDP takes into account the inflation rate and thus is more accurate at recording the Which of the following is one of the major shortcomings of GDP as a measure of economic well-being? excludes international transactions How is real GDP and nominal GDP effected by inflation? Nominal GDP is the GDP without inflation subtracted from it
The Industrial Revolution, European Colonialism and the efficiencies of capitalist production spelled the doom for both the Chinese and Indian economies. The Internet includes commercial, educational, governmental, and other networks, all of which use the same set of communications protocols." Note how "Internet" starts with a capitalized letter
DEPweb: Beyond Economic Growth, Glossary
Although this poverty line is useful for international comparisons, it is impossible to create an indicator of poverty that is strictly comparable across countries. The population growth rate is the sum of the difference between the birth rate and the death rate- the natural population increase- and the difference between the population entering and leaving the country- the net migration rate
Capitalism essentially implements an evolutionary algorithm by which business and technical processes adapt to changing circumstance in pursuit of consumer wants. A bit more on CREW:The irony is that this watchdog group -- more than any other -- might have been expected to prove a politically useful ally for the Democrats
business cycle: Definition from Answers.com
Studying these along with the aggregate variables, analysts attempt to forecast cycles, which is especially difficult when predicting the timing of turning points between expansion and contraction. Economists increasingly have recognized, however, that an understanding of business cycles requires microeconomic foundations, that is, an under-standing of how the interaction of individuals and firms in the markets for goods and services, finance, and labor generates business cycles.Theories of business cycles can be divided into two broad categories
More recently, if less dramatically, it is clear that tastes for products and services produced in far away locations (including tastes exercised through travel and tourism), as well as for investment in foreign assets, depend to an important degree on experience. If Lincoln was right about this issue (as he was about slavery, but not about tariffs), then the recent and continuing advances in communications promise to have profound effects on innovation across a very broad spectrum and on a global scale
http://dalrock.wordpress.com/2013/03/29/why-arent-men-responding-to-economic-signals/ Competition: lowThe simple fact appears to be that, having moved to America and away from the protection of her family, he somehow got into his head these absurd notions about what scripture was licensing him to do. 29 Woe unto you, scribes and Pharisees, hypocrites! because ye build the tombs of the prophets, and garnish the sepulchres of the righteous, 30 And say, If we had been in the days of our fathers, we would not have been partakers with them in the blood of the prophets
SurvivalBlog.com Glossary
ISDA: International Swaps and Derivatives Association Ishapore: The Indian Army arsenal, best known for its 7.62mm NATO variant of the Enfield bolt action rifle. Early AR-180s (made in the US, England, and and Japan) use a proprietary magazine, some of which do not interchange with AR-15 magazines, because their narrow magazine catch notches were on the opposite side of the magazine
Definitions of Anthropological Terms
leveling device - a cultural mechanism which reduces wealth differentials between individuals often by inducing the wealthy to sponsor feasts or to destroy or give away surplus in return for increased prestige. Initially, these groups were called "primitives." This term came to be viewed as too ethnocentric since it emphasized they were less developed than "modern" cultures
Even though GDP lacks the ability to show the well-being of a country, GDP does acts as a way of comparison between years in one country to indicate whether there was any growth . It does not count in any nonmarket activities that brings in an increase of well-being, improvements in product quality, the environment, the distribution and composition of output
Department of Labor - Introduction To SF98
WHD will issue the average cost fringe benefit wage determinations only for those contracts where the formerly grandfathered high-level benefit rate applied. We welcome your comments on how we can make our site more useful." All external links to non-federal sites include an exit pop-up disclaimer that includes the following language: "You are now leaving the Section 508 website
You will see later that it is very important to note that inventories count as part of business investment! It is also important to distinguish between gross investment, which is the total value of all newly produced capital goods produced in a given period, and net investment, which is gross investment less depreciation. Calculating GDP -- The Expenditure Approach As we mentioned earlier, GDP can be calculated by either adding up all of the expenditures on goods and services produced in the economy or by adding up all of the income received by labor and other inputs in the economy
What is the difference between GNP and GDP? - Yahoo! Answers India
They are measured in money value terms to get around the problem of adding up total output of many different goods and services that are normally expressed in many different kinds of incomparable physical units. has exported about as many jobs to other countries as has been imported to the U.S.? A little different picture than the ones painted by the Textile Manufacturers Association and U.S
It broadens the conventional accounting framework to include the economic contributions of the family and community realms, and of the natural habitat, along with conventionally measured economic production. The GPI is intended to provide citizens and policy-makers with a more accurate barometer of the overall health of the economy, and of how our national condition is changing over time
We WOULD include the profits earned by the used car salesperson in 2001 since he or she did clean, advertise, and sell the used car in that year, but we would not include the value of the 1999 car itself. But WHAT NUMBERS do we put on the axes? How do we measure the price level and real domestic output? We have seen that you measure real domestic output with REAL GDP and we have learned how to calculate GDP
http://daliaeconblog.wordpress.com/2010/04/25/three-limitations-of-using-gdp-as-a-measure-of-welfare-between-countries/ Competition: lowOther ways to measure domestic output and income, as well as health, happiness, and fortunes of a person can be through the gross happiness index, the genuine progress index, and the human development index. Is Clinton assuming that with an expanded economy, there would be more currency circulating so that more people would have access to material wealth? 2
GDP as a false measure of a country economic output
Most western countries are likely to see net immigration for the foreseeable future, which would bring with it opportunities for new investment without any need for whipping up artificial needs and anxieties. What might then happen if a majority of people were to turn their backs on further improvements in their real spending? The basic answer is that, in this no-growth new world, people could enjoy the fruits of technological progress with a mixture of increased leisure and a more congenial and relaxed working life
Perhaps the most significant shortcoming of GDP as a measure of economic growth is its inclusion of government spending alongside other voluntary market transactions. But the GDP possesses some serious shortcomings as a measure of economic growth, and should not be relied upon as the sole means of determining the health of an economy
Recession - Wikipedia, the free encyclopedia
One remedy to a liquidity trap is expanding the money supply via quantitative easing or other techniques in which money is effectively printed to purchase assets, thereby creating inflationary expectations that cause savers to begin spending again. Monetarists would favor the use of expansionary monetary policy, while Keynesian economists may advocate increased government spending to spark economic growth
Gross domestic product - Wikipedia, the free encyclopedia
used Google Trends data to demonstrate that Internet users from countries with a higher per capita gross domestic product (GDP) are more likely to search for information about the future than information about the past. For instance, if a government embarks on the building of a pyramid, which adds absolutely nothing to the well-being of individuals, the GDP framework will regard this as economic growth
Which is a better measure of economic well-being real GDP or Nominal GDP
spending + net exports (exports - imports).Real GDP is the va Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP? Growth in real GDP is the only true indicator of weather or not an economy is growing. Last edit by Vishnubond Answer History Related Answers: Which is a better measure of economic well-being real GDP or Nominal GDP? AnswerWell real GDP takes into account the inflation rate and thus is more accurate at recording the Which of the following is one of the major shortcomings of GDP as a measure of economic well-being? excludes international transactions How is real GDP and nominal GDP effected by inflation? Nominal GDP is the GDP without inflation subtracted from it
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