Now, let's understand if you can use the GDP growth rate when you want to compare the growth between two or more countries. The more the population, the larger is the GDP. Trying to gauge the growth of countries based on GDP alone isn't the right way to compare their progress. Instea...
What is the difference between GDP and GDP PPP and how is it calculated? Explain the difference between real GDP and nominal GDP. How do we know that calculating GDP by the expenditure approach yields the same answer as calculating GDP b...
Section A Directions: In this section, you will hear three news reports. At the end of each news report, you will hear two or three questions. Both the news report and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four cho...
Gross domestic product (GDP) is the most common measure of economic growth. This is because GDP—which measures the value of goods and services produced within a country—is often used proxy for monetary expenditures. If a statistician wants to understand the productive output of the steel indust...
Real gross domestic product (GDP) per capita is an economic measure of a nation's standard of living. Learn how the savings rate, population, and productivity factor into real GDP per capita and understand how these affect a nation's standard of living. ...
Economics is a branch of the sciences that seeks to understand the way a population functions by studying the way its economy functions. Every group of people develops a survival plan based on shared labor and resources. How they do that, and how well they succeed at it, is the central fo...
And you know, they want to learn. 出自-2016年6月听力原文 When turning work into a game, it is necessary to understand what makes games interesting. 出自-2016年12月阅读原文 What motivates employees to do their jobs well? Competition with coworkers, for some. 出自-2016年12月阅读原文 What ...
The parliament of New Zealand has tasked the government with getting the national debt down to 20% of GDP by 2020. If that goal is framed in terms of net debt, then that aim has already been achieved. In terms of gross public debt, the government still has a little way to go. ...
Per capita is a way of averaging values on a per-person basis to better understand how each individual shares in aggregated figures. In economics, GDP and income per capita are used to understand a country’s average level of prosperity and for making like comparisons across countries. You can...
Inflation and interest rates tend to move in the same direction because interest rates are the primary tool used by the U.S. central bank to manage inflation.1 The Federal Reserve Act directs the Fed to promote maximum employment and stable prices. Since 2012, the Federal Reserve has ...