GDP: GDP or the Gross Domestic Product is the monetary value in local currency of the final goods and services produced within the boundary of the country in a specific period of time. Answer and Explanation:1 GDP is basically the value of total production of goods and services produced in ...
When the economy goes into a recession the real GDP falls and unemployment rises. During a recession, less output is created. The real GDP is a...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question ...
The tax-to-GDP ratio is a gauge of a nation's tax revenue relative to the size of its economy as measured bygross domestic product(GDP). The ratio provides a useful look at a country's tax revenue because it reveals potential taxation relative to the economy. It also enables a view of...
大多数经济学家、政治家和企业家都希望看到GDP稳步上升,为GDP增长意味着更多人消费,更多工作被创造,更多税收,工人能够得到更多的工资。 If GDP is falling, then the economy is shrinking - bad news for businesses and workers. If GDP falls for two quarters in a row, that is known as a recession, w...
Last year, the central government signaled that more money would be spent in areas such as 5G and green energy — the “New Infrastructure” — but if the real estate sector staggers to a halt, there will be no money to turn these plans into actual hardware. “There are not many high-...
Supporters of increased labor market flexibility argue that it leads to lowerunemployment ratesand higher gross domestic product (GDP) due to the unintended consequences of tight labor market restrictions. A firm may consider hiring a full-time employee, for example, but be concerned that the employ...
On October 20th the National Bureau of Statistics said that GDP grew in the third quarter by 9%. This was lower than many had expected and the first time in four years a quarterly growth figure was in single digits. One Chinese newspaper said the government was considering the launch of ...
Assume inflation rate is 3% and nominal GDP goes up by 3%. Real GDP growth will be what? Nominal GDP increases from roughly $10.3 trillion in 2001 to $14 trillion in 2009. In the same period, prices rose on average by roughly 20.88%. By how much did real...
Fiscal policy is used to influence the “macroeconomic” variables—inflation, consumer prices, economic growth, national income,gross domestic product(GDP), and unemployment. In the United States, the importance of these uses of government revenues and spending developed in response to theGreat Depres...
So, what Kennedy was referring to was that while GDP has been the most common method for measuring the economic activity of nations , as a measure , it is no longer enough. 出自-2017年考研阅读原文 If everything was going so well, then why did over 17 million people vote for Brexit, ...