Potential GDP是指一国的常态生产能力。 老师画个图,同学就清楚啦。 potential GDP可以理解为产能。 actual GDP可以理解为产量。 当actual GDP 大于potential GDP,表示在超负荷生产,超负荷生产意味着,产品热销,因此要涨价。 当actual GDP 小于potential GDP,表示工厂产能利用不足,工厂未满产,一般是产品卖不动,因此...
National income国民收入:the value of total output produced by an economy over a period of time, which also means total output=total income =total expenditure Gross domestic product(GDP)国民生产总值:is the market value of all final goo...
Definition:Real GDP, also known as inflation-adjusted gross domestic product, measures the value of finished goods and services at constant base-year prices. The real gross domestic product is adjusted for inflation or deflation with the use ofnominal GDPand the GDP deflator. What Does Real GDP ...
Full Employment GDP is an economic term that is used to describe a healthy economy producing at its potential. The term itself can be a bit of a misnomer because the entire country does not have to be employed for the economy to reach a state of full employment GDP. There will always ...
The aggregate supply curve in phase 1 is perfectly elastic because at low levels of economic activity,firms can raise their levels of output without incurring higher average costs.(the existence of spare capacity) Phase 2: As the economy app...
key metrics and indicators, such as unemployment, inflation, sales, consumer confidence, and more. Forecasting is vulnerable to bias and subjectivity. Therefore, economic forecasting can occasionally fail to properly judge potential economic headwinds or to accurately predict the onset of financial crises...
What Are the Potential Downsides of High Economic Growth? High economic growth, when not managed sustainably and equitably, can lead to environmental degradation, resource depletion, and social challenges. It may also exacerbate income inequality if not accompanied by inclusive policies. ...
Soaring Value of Financial Assets Since financialization began in the 1970s and '80s, the overall value of global financial assets has skyrocketed. In 1990, the value of global financial assets stood at $56 trillion, 263% of global GDP. That number reached a staggering $219 trillion two decad...
the U.K., Japan, and Canada. This is contrasted with emerging or developing economies, which have a lower standard of living but high growth potential. Keep in mind
There are different types of GDP, including real, actual, potential, and nominal. Nominal GDP is an assessment of economicproductionin an economy that includes current prices in its calculation. In other words, it doesn't strip out inflation or the pace of rising prices, which can inflate the...