B. Real GDP is less than its potential real GDP. C. Real GDP is equal to its potential real GDP. D. Nominal GDP is le Which of the following statements is true? A. If real GDP grows faster that population, real GDP per capita will decrease...
Real GDP increases only when ___ grows faster than the price level. A) actual GDP B) potential GDP C) per-capita real GDP D) nominal GDP E) planned AE GDP: GDP or Gross Domestic Product can be defined as...
This is projected to rise to $1.4 trillion over the next decade if real GDP continues to grow at its current pace. Food and beverage spending is projected to increase more in absolute terms than any other consumer category, though spending ...
We base this projection on growth in China's real GDP of 6.8 percent per year.3 In most developed countries, per capita energy consumption generally grows consistently until household income hits a threshold of ...
This strong productivity trajectory would lift real GDP by nearly 5% over the baseline by 2033, or the equivalent of a US$1.2t boost over a decade. The potential benefits to the global economy from increased GenAI productivity could also be substantial. With the US market likely to remain at...
That is why this strategy sets out proactive steps to help the UK maintain and increase market share, even as the global market grows more competitive. 1.3 Championing the UK’s world leading education offer We want to continue to promote the UK’s education sector and its potential to ...
As the sector grows in size and reputation, it will attract more finance and a wider variety of funding channels. A number of steps can help meet this goal. Define a country-wide ambition, supported by a long- term agenda and commitment from all stakeholders As we discussed on page 2, ...
US wealth-to-GDP now exceeds 500%, i.e. it must drop 25-30% for the long-term mean value to be re-established. That can happen in two ways: either GDP grows faster than wealth for an extended period of time or 25-30% of all US household wealth is destroyed. ...
Over the past decades, labor productivity and per capita GDP have increased steadily, while real wages for most workers have remained stagnant. This challenges conventional economic wisdom according to which the remuneration of a production factor is determined by its productivity. Considering industrial...
For those reasons, we have been using predictive analytics tools and real time decision engines to primarily minimize gap between available customer data, knowledge, strategy and execution. Figure 3. Growing data over years (Source: Gartner) 4 BUSINESS OBJECTIVE Telecommunication industry is the ...