CPI only considers prices for consumer goods and thus ignores a substantial part of the economy. Thus, the GDP deflator is the preferred measure. The equation for calculating real GDP is:
Why is the Real Gross Domestic Product (GDP) a more accurate measure of economic growth compared to the nominal GDP? If we want to measure an economy's output, why is real GDP a better measurement than nominal GDP? Why is the growth of per capita real ...
Economic performance of a country can be measured by nominal GDP, real GDP, per capita income and purchasing power parity. Nominal GDP measures a country's output at current prices, while real GDP uses base year prices. Wh...
Work and budget development and cost breakdown charts can help develop efficient construction cost control strategies to ensure the project remains profitable and on schedule. On the other hand, progress metrics like the SPI and the CPI can help assessconstruction productivityissues that can lead to ...
The CPI only measures all urban households.10 The PCE price index and the CPI use different types of formulas to calculate price changes. The CPI formula is more likely to be affected by categories with wide price swings such as computers and gasoline. The PCE calculations smooth out ...
Time-to-next treatment (i.e., time from starting initial CPI to 1st subsequent therapy post-CPI/death) served as a PFS proxy. Pre-specified survival analyses via Kaplan-Meier methods were used for CPI therapy (i.e., 1L, 2L, 3L) and class of post-CPI therapy. Results: 7639 pts (...
Thus, to calculate the ICN, a linear combination of the three standardized indexes analyzed for each economic sector and municipality in the study area was performed. The specific weights of each of the indexes in each of the productive sectors were obtained by applying principal components ...
Therefore, it is necessary to introduce the statistics of the GDP, CPI and other indicators of the level of social and economic development into the modification of the D value in EFM in future research [51]. Urbanization profoundly changes the natural landscape of a region. In essence, it ...
3.2. The Land Use Transition Matrix from 1990 to 2010 We used the tabulate command of ArcGIS software to calculate the Markov chain transmission matrix of land use in Shanghai with a further goal of analyzing the changing trend of land use types (see Tables 2 and 3). Over twenty years, ...
The method of a three-stage DEA is thus: the first stage uses a DEA method to calculate three related technologies; the second stage peels off the redundancy of input–output variables; while the third stage uses DEA to calculate the new efficiency. In the second stage, the stochastic ...