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Top competitors on query "real gdp is not a perfect measure of economic welfare"
Economic News and Articles - MoneyWeek
http://moneyweek.com/economics/ Competition: low
The US recovery is hurtling off a fiscal cliff Markets are being held hostage to the wrangling in America over raising the limit the government can borrow
GDP (per capita) statistics - Countries Compared - NationMaster
http://www.nationmaster.com/graph/eco_gdp_percap-economy-gdp-per-capita Competition: low
This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services
http://www.irp.wisc.edu/faqs/faq3.htm Competition: low
Because government spending on means-tested noncash benefits and tax credits has increased more rapidly than spending on means-tested cash benefits over the years, ignoring noncash benefits is an increasingly serious omission if we want a broad picture of the impact of government programs on poverty. The Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC), from which the official poverty statistics are drawn, implemented a new question in 2003 to collect information on race, allowing individuals to report one or more races
http://www.debate.org/opinions/is-gdp-growth-a-good-indicator-of-improving-quality-of-life Competition: low
The GDP measures the gross domestic product of a nation, which is the market value of all final goods and services that is produced during a given time. Posted by: AnonymousReport Post Like Reply00(Maximum 900 words)SubmitIt is not a good measure Since GDP does not take into account the working hours, the leisure time available and whether the income is equality distributed across the economy
Definitions Country Codes geographic.org Courty Profiles - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistics, Political System
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The following terms and abbreviations are used throughout the entry: Africa ONE - a fiber-optic submarine cable link encircling the continent of Africa. Hoa Hao: a minority tradition of Buddhism practiced in Vietnam that stresses lay participation, primarily by peasant farmers; it eschews expensive ceremonies and temples and relocates the primary practices into the home
Business Cycle Dating Committee, National Bureau of Economic Research
http://www.nber.org/cycles/sept2010.html Competition: low
The committee concluded that strong growth in both real GDP and real GDI in the fourth quarter of 2009 ruled out the possibility that the trough occurred later than the third quarter. The committee noted the contrast between the June trough date for the majority of the monthly indicators and the October trough date for real personal income less transfers
Yahoo! Canada Answers - What is a shortcoming of GDP per capita as a measure of a countries wealth?
http://ca.answers.yahoo.com/question/index?qid=20080213150202AAi4p1V Competition: low
But once again, the poorest in the very rich countries have been observed to enjoy a better standard of living than even the middle-income households in poor countries. But over the entire per capita GDP PPP range, most countries in the top of the league enjoy a better quality of life (higher HDI) than the countries in the middle or lower GDP PPP per capita range
Real Time Economics - WSJ
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Some would have preferred to start scaling it back at that meeting; others explained why they wanted to continue the program unchanged and one said they might consider taking more action to stimulate the weak economy. Argentina in June petitioned the Supreme Court to review a case related to a long-running and rancorous dispute with hedge funds, asking the court to overturn a lower court ruling against the country
http://www.ehow.com/about_6504706_difference-between-nominal-real-gdp.html Competition: low
Whereas nominal GDP is the total, unadjusted worth of products and services, real GDP is adjusted to examine what the overall worth is considering what a currency can buy
Nominal vs. Real GDP or Prices, the use of the GDP deflator
http://www.freeeconhelp.com/2011/06/nominal-vs-real-gdp-or-prices-use-of.html Competition: low
The 7 best sites for learning economics for free Since creating this website I have scoured the web to see which sites do a good job at teaching economics, and trying to find ways to do it ... How to calculate point price elasticity of demand with examples Point elasticity is the price elasticity of demand at a specific point on the demand curve instead of over a range of it
Problems with GDP as a measurement of well-being and alternatives to GDP, part 2
http://www.freeeconhelp.com/2011/09/problems-with-gdp-as-measurement-of.html Competition: low
The 7 best sites for learning economics for free Since creating this website I have scoured the web to see which sites do a good job at teaching economics, and trying to find ways to do it ... How to calculate point price elasticity of demand with examples Point elasticity is the price elasticity of demand at a specific point on the demand curve instead of over a range of it
Measures of Economic Development
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The increase in real per capita income can be achieved if the nation has the ability to expand its output at a rate faster than the changes in price level. In the words of Okun and Richardson, ``Economic development is a sustained and secular improvement in the material well-being which is reflected in increase in goods and services.'' The basic defects with these definitions are if an increase in the goods and services produced have been created at the expense of too much hard work, or unequal distribution of wealth or at the expense of health, safety and comfort or at the expense of dignity etc., it would be unjustified to link rise in income or material welfare to an increase in economic welfare or economic development of the country
GDP: An Imperfect Measure of Progress - Bloomberg
http://www.bloomberg.com/news/2013-01-30/gdp-an-imperfect-measure-of-progress.html Competition: low
Nalewaik and several co-authors argued that a combined GDP-GDI measure would be more accurate, helping to offset some of the measurement errors that inhere in GDP and ideally giving policy makers a better economic picture when it most counts. A far better approach would be to improve some of the measurements used in national accounts, and develop a wider range of individual indicators of welfare to inform public policy
http://www.econedlink.org/economic-resources/focus-on-economic-data-real-gdp.php Competition: low
Current Key Economic Indicators as of May 5, 2013Inflation On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers decreased 0.2 percent in March after increasing 0.7 percent in February. Real GDP Real gross domestic product increased at an annual rate of 2.5 percent in the first quarter of 2013 (that is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the Bureau of Economic Analysis
http://www.mssresearch.org/?q=node/626 Competition: low
Regarding economic performance as a function of education, we adjust current level of economic welfare by an index that reflects the change in the enrollment rate at primary, secondary and tertiary levels over a period of time. Unfortunately in many countries even the most basic data on unemployment rates is unreliable, while the range of variables measured is severely limited
Is GDP a satisfactory measure of growth? - OECD Observer
http://www.oecdobserver.org/news/archivestory.php/aid/1518/Is_GDP_a_satisfactory_measure_of_growth_.html Competition: low
In market economies, this works because prices reflect both the marginal cost for the producer and the marginal utility for the consumer: people sell at a price that other people are willing to pay. GDP is a beacon, but it is not the only one.So GDP is here to stay? The times of major change, such as the one to include non-market production in GDP some 30 years ago, have passed, so do not expect any radical upheavals
Measures of national income and output - Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Measures_of_national_income_and_output Competition: low
For instance, some measures count only goods and services that are exchanged for money, excluding bartered goods, while other measures may attempt to include bartered goods by imputing monetary values to them. However, there are serious limitations to the usefulness of GDP as a measure of welfare: Measures of GDP typically exclude unpaid economic activity, most importantly domestic work such as childcare
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
Gross Domestic Product: Is GDP a good measure of economic growth? Why or why not? - Quora
http://www.quora.com/Gross-Domestic-Product/Is-GDP-a-good-measure-of-economic-growth-Why-or-why-not Competition: low
GDP would not take into account the loss of those goods and services if the stream was destroyed by mining but would probably register the income from the raw material extraction. Crime is great for GDP as it necessitates monetary transactions such as hiring guards, buying security systems, purchasing insurance, paying lawyers, building prisons, etc
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
News Release: Gross Domestic Product
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm Competition: low
Gross domestic income Real gross domestic income (GDI), which measures the output of the economy as the costs incurred and the incomes earned in the production of GDP, increased 2.6 percent in the second quarter, compared with an increase of 2.4 percent in the first. The acceleration in real GDP in the second quarter primarily reflected upturns in exports and in nonresidential fixed investment, a smaller decrease in federal government spending, and an upturn in state and local government spending that were partly offset by an acceleration in imports and decelerations in private inventory investment and in PCE
Economic News and Articles - MoneyWeek
The US recovery is hurtling off a fiscal cliff Markets are being held hostage to the wrangling in America over raising the limit the government can borrow
GDP (per capita) statistics - Countries Compared - NationMaster
This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services
Because government spending on means-tested noncash benefits and tax credits has increased more rapidly than spending on means-tested cash benefits over the years, ignoring noncash benefits is an increasingly serious omission if we want a broad picture of the impact of government programs on poverty. The Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC), from which the official poverty statistics are drawn, implemented a new question in 2003 to collect information on race, allowing individuals to report one or more races
The GDP measures the gross domestic product of a nation, which is the market value of all final goods and services that is produced during a given time. Posted by: AnonymousReport Post Like Reply00(Maximum 900 words)SubmitIt is not a good measure Since GDP does not take into account the working hours, the leisure time available and whether the income is equality distributed across the economy
Definitions Country Codes geographic.org Courty Profiles - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistics, Political System
The following terms and abbreviations are used throughout the entry: Africa ONE - a fiber-optic submarine cable link encircling the continent of Africa. Hoa Hao: a minority tradition of Buddhism practiced in Vietnam that stresses lay participation, primarily by peasant farmers; it eschews expensive ceremonies and temples and relocates the primary practices into the home
Business Cycle Dating Committee, National Bureau of Economic Research
The committee concluded that strong growth in both real GDP and real GDI in the fourth quarter of 2009 ruled out the possibility that the trough occurred later than the third quarter. The committee noted the contrast between the June trough date for the majority of the monthly indicators and the October trough date for real personal income less transfers
Yahoo! Canada Answers - What is a shortcoming of GDP per capita as a measure of a countries wealth?
But once again, the poorest in the very rich countries have been observed to enjoy a better standard of living than even the middle-income households in poor countries. But over the entire per capita GDP PPP range, most countries in the top of the league enjoy a better quality of life (higher HDI) than the countries in the middle or lower GDP PPP per capita range
Real Time Economics - WSJ
Some would have preferred to start scaling it back at that meeting; others explained why they wanted to continue the program unchanged and one said they might consider taking more action to stimulate the weak economy. Argentina in June petitioned the Supreme Court to review a case related to a long-running and rancorous dispute with hedge funds, asking the court to overturn a lower court ruling against the country
Whereas nominal GDP is the total, unadjusted worth of products and services, real GDP is adjusted to examine what the overall worth is considering what a currency can buy
Nominal vs. Real GDP or Prices, the use of the GDP deflator
The 7 best sites for learning economics for free Since creating this website I have scoured the web to see which sites do a good job at teaching economics, and trying to find ways to do it ... How to calculate point price elasticity of demand with examples Point elasticity is the price elasticity of demand at a specific point on the demand curve instead of over a range of it
Problems with GDP as a measurement of well-being and alternatives to GDP, part 2
The 7 best sites for learning economics for free Since creating this website I have scoured the web to see which sites do a good job at teaching economics, and trying to find ways to do it ... How to calculate point price elasticity of demand with examples Point elasticity is the price elasticity of demand at a specific point on the demand curve instead of over a range of it
Measures of Economic Development
The increase in real per capita income can be achieved if the nation has the ability to expand its output at a rate faster than the changes in price level. In the words of Okun and Richardson, ``Economic development is a sustained and secular improvement in the material well-being which is reflected in increase in goods and services.'' The basic defects with these definitions are if an increase in the goods and services produced have been created at the expense of too much hard work, or unequal distribution of wealth or at the expense of health, safety and comfort or at the expense of dignity etc., it would be unjustified to link rise in income or material welfare to an increase in economic welfare or economic development of the country
GDP: An Imperfect Measure of Progress - Bloomberg
Nalewaik and several co-authors argued that a combined GDP-GDI measure would be more accurate, helping to offset some of the measurement errors that inhere in GDP and ideally giving policy makers a better economic picture when it most counts. A far better approach would be to improve some of the measurements used in national accounts, and develop a wider range of individual indicators of welfare to inform public policy
Current Key Economic Indicators as of May 5, 2013Inflation On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers decreased 0.2 percent in March after increasing 0.7 percent in February. Real GDP Real gross domestic product increased at an annual rate of 2.5 percent in the first quarter of 2013 (that is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the Bureau of Economic Analysis
Regarding economic performance as a function of education, we adjust current level of economic welfare by an index that reflects the change in the enrollment rate at primary, secondary and tertiary levels over a period of time. Unfortunately in many countries even the most basic data on unemployment rates is unreliable, while the range of variables measured is severely limited
Is GDP a satisfactory measure of growth? - OECD Observer
In market economies, this works because prices reflect both the marginal cost for the producer and the marginal utility for the consumer: people sell at a price that other people are willing to pay. GDP is a beacon, but it is not the only one.So GDP is here to stay? The times of major change, such as the one to include non-market production in GDP some 30 years ago, have passed, so do not expect any radical upheavals
Measures of national income and output - Wikipedia, the free encyclopedia
For instance, some measures count only goods and services that are exchanged for money, excluding bartered goods, while other measures may attempt to include bartered goods by imputing monetary values to them. However, there are serious limitations to the usefulness of GDP as a measure of welfare: Measures of GDP typically exclude unpaid economic activity, most importantly domestic work such as childcare
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
Gross Domestic Product: Is GDP a good measure of economic growth? Why or why not? - Quora
GDP would not take into account the loss of those goods and services if the stream was destroyed by mining but would probably register the income from the raw material extraction. Crime is great for GDP as it necessitates monetary transactions such as hiring guards, buying security systems, purchasing insurance, paying lawyers, building prisons, etc
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
News Release: Gross Domestic Product
Gross domestic income Real gross domestic income (GDI), which measures the output of the economy as the costs incurred and the incomes earned in the production of GDP, increased 2.6 percent in the second quarter, compared with an increase of 2.4 percent in the first. The acceleration in real GDP in the second quarter primarily reflected upturns in exports and in nonresidential fixed investment, a smaller decrease in federal government spending, and an upturn in state and local government spending that were partly offset by an acceleration in imports and decelerations in private inventory investment and in PCE
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