Here is a description of what gross domestic product is and why it is one of the main indicators for comparing economic growth between countries
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. ...
Earlier in the day, U.K. Finance Minister Rachel Reeves addressed the trade deficits that newly inaugurated U.S. President Donald Trump is hoping to bring under control. "We arenot a part of the problemhere. So we, the U.K., increased trade with President Trump last time he was in ...
The residual sum of squares (RSS) is a statistical technique used to measure the variance in a data set that is not explained by the regression model.
In 2024, the average salary in Romania is 9,010 RON (Romanian leu, the Romanian national currency) per month or 108,000 RON per year. That’s approximately 2,002 USD per month, according to the exchange rates in September 2024. These are approximate figures that can change depending on ...
What is the Impact of Piracy? Various studies have shown that by 2022 the estimated losses to the industry would be as high as $52 billion globally (Digital TV Research 2017) along with massive GDP losses. Talking about The United States only, the GDP losses due to piracy have been ...
A value-added tax (VAT) is a consumption tax that is levied at every stage of production for a good or service at which value has been added. Every business in the production process receives a VAT tax credit for the VAT that has been paid except for the final consumer, who pays the...
ByRob Peto, below, Vice President of Operations – UK and Ireland,FedExExpress With 2024 just around the corner, now is a good time to reflect on the key trends and opportunities to capitalise upon in the new year. While overall GDP growth in the UK is expected to remainbelow 1%in 2023...
The abstentions came from 12 countries: Belgium, Czech Republic, Greece, Spain, Croatia, Cyprus, Luxembourg, Austria, Portugal, Romania, Sweden, and Finland. It is noteworthy that the amount of electric vehicles imported from China does not logically correlate with a EU member’s stance towards...
Although the arguments in support of the tax claim that it is a tax on profits (which are already subject to corporate income tax), it is in fact a tax on the main component of revenue: net interest income plus net fees and commissions. In real terms and like GDP, net interes...