Nominal GDP: Nominal GDP is a macroeconomic index of the value of economic output that is not adjusted for price changes such as inflation or deflation in an economy. Government spending, taxes, output, consumption, imports and exports are all factors in the GDP. GDP = C + G + I...
A) Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment" unemployment rate (NAIRU) and remained at that low level f Why does the economy ...
In this regard, we choose the IESA-Opt and ThreeME models for their high level of detail in the energy system and economy, respectively. Then, firstly, we demonstrate the soft-linking process of IESA-Opt and ThreeME, its steps, and underlying assumptions. Secondly, we show the impact of ...
Formulae for sales aggregates 34 4.20. Market-clearing equations 35 4.21. Purchasers prices 35 4.22. Indirect taxes 37 4.23. GDP from the income and expenditure sides 40 4.24. The trade balance and other aggregates 43 4.25. Primary factor aggregates 43 4.26. Rates of return and investment ...
Taoxin Zhang (2012) selected the urbanization rate, per capita GDP, urban residents' consumption level, and transportation energy intensity as the independent variables from three perspectives of urbanization, economic development, and technological progress, and took urban road traffic carbon emission as...
The exchange rate is one of the most important and complex macroeconomic indicators. It embodies both all the troubles and the positive trends of the economy. At the microeconomic level, the exchange rate signals market participants about the quality of currency and monetary policy measures. Thus,...
When converted using the CEPII PPP, the medium-developed country level for 2035 is equivalent to USD 24,000–36,000 in 2024. The actual value of China’s per capita gross domestic product (GDP), calculated based on the average exchange rate in 2023, is USD 12,681 (RMB 89,400). ...
The water deficit ratios of Jiyang County and Shanghe County in the normal year exceed the average level of Jinan and reach up to 3.0% and 2.6%, respectively. It is obvious when there is less rainfall, as there are values of 5.7% and 4.4% in the moderately dry year and 7.1% and 8.2...