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Topic: Natural gross domestic product


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GNP
GDP

In the News (Thu 23 May 19)

  
  Gross domestic product - Wikipedia, the free encyclopedia
In economics, gross domestic product (GDP) is a measure of the value of economic production of a particular territory in financial capital terms during a specified period.
GDP differs from gross national product (GNP) in excluding inter-country income transfers, in effect attributing to a territory the product generated within it rather than the incomes received in it.
Buying financial products is classed as saving in macroeconomics, as opposed to investment (which, in the GDP formula is a form of spending).
en.wikipedia.org /wiki/Gross_domestic_product   (2811 words)

  
 Potential output - Wikipedia, the free encyclopedia
In economics, potential output (also refered to as "natural real gross domestic product") refers to the highest level of real Gross Domestic Product output that can be sustained over the long term.
This is because of the limited supply of workers and their time, capital equipment, and natural resources, along with the limits of our technology and our management skills.
Potential output in macroeconomics corresponds to one point on the production possibilities frontier (or curve) for a society as a whole seen in introductory economics, reflecting natural, technological, and institutional contraints.
en.wikipedia.org /wiki/Natural_gross_domestic_product   (295 words)

  
 Encyclopedia: Gross Domestic Product
Jump to: navigation, search In economics, gross domestic product (GDP) is a measure of the value of economic production of a particular territory in financial capital terms during a specified period.
Jump to: navigation, search This is a list of countries of the world sorted by their Gross Domestic Product (nominal) per capita for the year 2004, the value of all final goods and services produced within a nation in a given year, divided by the average population for the same...
Natural gross domestic product (natural GDP) is defined as the optimal production capacity of a territorys economy given natural and institutional constraints.
www.nationmaster.com /encyclopedia/Gross-Domestic-Product   (5572 words)

  
 DEPweb: Beyond Economic Growth, Glossary
Gross domestic investment, along with foreign direct investment, is critical for economic growth and economic development.
Gross domestic product (GDP) minus consumption by government and the private sector, expressed as a percentage of GDP.
Natural resources include natural capital plus those gifts of nature that cannot be stocked (such as sunlight) or cannot be used in production (such as picturesque landscapes).See also ecosphere.
www.worldbank.org /depweb/english/beyond/global/glossary.html   (4706 words)

  
 Read about Gross domestic product at WorldVillage Encyclopedia. Research Gross domestic product and learn about Gross ...   (Site not responding. Last check: 2007-10-19)
In economics, the gross domestic product (GDP) is a measure of the amount of the economic production of a particular territory in
gross national product (GNP) in excluding inter-country income transfers, in effect attributing to a territory the product generated within it rather than the incomes received in it.
expenditure; if the chandellier you produced had been bought domestically it would have been included in the GDP figures (in C or I) when the spending receipts of the purchaser was sampled, but because it was exported it is necessary to 'correct' the amount consumed domestically to give the amount produced domestically.
encyclopedia.worldvillage.com /s/b/Gross_domestic_product   (1497 words)

  
 Gross domestic product   (Site not responding. Last check: 2007-10-19)
In economics, the gross domestic product (GDP) is a measure of the amount of the economic production of a particular territory in financial capital terms during a specific time period.
GDP differs from gross national product in excluding inter-country income transfers, in effect attributing to a territory the product generated within it rather than the incomes received in it.
GDP doesn't measure the sustainability of growth, as a country may achieve a temporary high GDP by over-exploiting natural resources.
www.bidprobe.com /en/wikipedia/g/gr/gross_domestic_product.html   (703 words)

  
 The Daily, Friday, January 30, 2004. Gross domestic product by industry   (Site not responding. Last check: 2007-10-19)
Production in the energy sector advanced 1.8%, the strongest month since February 2001, reflecting higher production and exploration of natural gas.
Industrial production (mining, utilities and manufacturing) remained unchanged, as higher utilities output was offset by a sharp reduction in the mining sector.
Diamond production fell 40% in November, after a sizable gain of 43% in September followed by a further increase of 3.5% in October, as the industry took advantage of a pocket of high-grade ore. Natural gas extraction was up 3.8% in November; however, output was down 6.6% since the start of the year.
www.statcan.ca /Daily/English/040130/d040130a.htm   (1084 words)

  
 Gross Domestic Product (GDP) - Hutchinson encyclopedia article about Gross Domestic Product (GDP)
GDP thus includes the production of foreign-owned firms within the country, but excludes the income from domestically-owned firms located abroad.
GDP ignores unpaid work and natural capital (for example, a forest is regarded as having no value until it is felled), and counts as economic benefits the costs of prisons, pollution, and so on, not distinguishing between desirable and undesirable consequences of economic activity.
In the UK, the percentage increase in GDP from one year to the next is the standard measure of economic growth.
encyclopedia.farlex.com /Gross+Domestic+Product+(GDP)   (396 words)

  
 chap1 notes
Gross Domestic Product (GDP) is the value of all currently produced goods and services sold on the market during a particular time interval (p.
Changes in hours worked and in labor productivity where labor productivity is defined as the ratio of real output divided by labor input; labor productivity is usually measured as the ratio of real GDP to hours worked (p.4).
Natural real GDP increased faster in the latter half of the 1990s than during the previous two decades because labor productivity was increasing faster.
www.ndsu.nodak.edu /instruct/swandal/ECON343s/notes/chap1.htm   (1343 words)

  
 The Daily, Thursday, September 30, 2004. Gross Domestic Product by Industry   (Site not responding. Last check: 2007-10-19)
Lumber products were mostly exported to the United States to satisfy the continuing demand for housing.
A 1.3% rise in the production of chemicals was mostly attributable to a 3.5% jump in pharmaceuticals.
Automobile and light truck production jumped 3.9% on the heels of a 2.2% increase in June, as exports to the United States remained strong.
www.statcan.ca /Daily/English/040930/d040930a.htm   (966 words)

  
 Gross domestic product -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-10-19)
Buying financial products is classed as (The activity of protecting something from loss or danger) saving in (Click link for more info and facts about macroeconomic) macroeconomics, as opposed to investment (which, in the GDP formula is a form of spending).
If the renovation envolves the purchase of a (Branched lighting fixture; often ornate; hangs from the ceiling) chandelier from abroad, that spending would also be counted as an increase in imports, so that NX drops and the total GDP is unaffected by the purchase.
Net interest expense is a (A public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services) transfer payment in all sectors except the financial sector.
www.absoluteastronomy.com /encyclopedia/g/gr/gross_domestic_product.htm   (2276 words)

  
 Brad DeLong's Semi-Daily Journal: Gross Domestic Product and Gross Domestic Income
This was important: for five years measures of productivity on the income side grew 0.8% per year faster than measures of productivity on the product side.
The section on productivity for the nonfinancial corporation actually has a profits per unit data series that is very good -- but the report on it lags the other reports for a quarter so the data is not so timely.
Since the Q1 NFC productivity data were produced, the 4-q swing in the measured gap between the expenditure and income based measure of national output has been cut in half, from 150 bps to 75 bps.
delong.typepad.com /sdj/2005/08/gross_domestic_.html   (1841 words)

  
 Gross Domestic Product Explained Clearly   (Site not responding. Last check: 2007-10-19)
We often hear of Gross Domestic Product, or GDP.
Other components look at the extent to which production occurs utilizing sustainable processes that are not harmful to the environment.
Since the GDP records every monetary transaction as positive, the costs of social decay and natural disasters are tallied as economic advance.
www.progress.org /2005/dodson12.htm   (1076 words)

  
 Glossary
An advantage that a country has in producing certain goods or services relative to all or many other countries due to specific factors of production at its disposal- such as rich farmland and a favorable climate for agricultural production or a highly educated labor force for high-tech manufacturing.
For the gross tertiary education enrollment ratio, calculations are based on the number of young people in the five-year age group following the secondary school leaving age.
Natural resources include natural capital plus those gifts of nature that cannot be stocked (such as sunlight) or cannot be used in production (such as picturesque landscapes).
www.worldbank.org /depweb/beyond/global/glossary.html   (4470 words)

  
 The Daily, Friday, October 31, 2003. Gross domestic product by industry   (Site not responding. Last check: 2007-10-19)
Over one-quarter of monthly gross domestic product (GDP) by industry is calculated using employment data from the Survey of Employment, Payroll and Hours and administrative data from Public Institutions Division.
Meanwhile, industrial production in the United States was flat in August, as higher utility and mining output was offset by lower manufacturing output.
Lower oil and natural gas production was another large contributor to the decline in GDP in August.
www.statcan.ca /Daily/English/031031/d031031a.htm   (1424 words)

  
 Gross domestic product - Open Encyclopedia   (Site not responding. Last check: 2007-10-19)
GDP doesn't take into account the fl economy, non-monetary economy such as bartering, volunteer work, or informal creation of wealth, such as unpaid childcare provided by non-working parents, or production of goods taking place at home.
The methodology for deriving accurate PPP comparisons remains under constant review, and questions have been raised as to whether the relative size of Mainland China's GDP may be overstated to some extent.
The reporting areas reported Gross Domestic Product number and the PPP US dollar exchange rate used to convert it (2003): [2].
open-encyclopedia.com /Gross_domestic_product   (961 words)

  
 Glossary of Economic Terms and Concepts
Gross domestic product (GDP) - The value, expressed in dollars, of all final goods and services produced in a year.
Increase in productivity - When the same amount of an output can be produced with fewer inputs; more output can be produced with the same amount of inputs; or a combination of the two.
Productivity - The ratio of output (goods and services) produced per unit of input (productive resources) over some period of time.
www.uwsp.edu /business/economicswisconsin/guide/Glossary.htm   (2891 words)

  
 NAIRU   (Site not responding. Last check: 2007-10-19)
In terms of output, the NAIRU corresponds to potential output, the highest level of real gross domestic product that can be sustained at any one time.
The concept arose in the wake of the popularity of the Phillips curve which summarized the observed negative correlation between the rate of unemployment and the rate of inflation (measured as annual nominal wage growth of employees) for a number of industrialised countries with more or less mixed economies.
Their counter-analysis was that government macroeconomic policy (primarily monetary policy) was being driven by a low unemployment target and that this caused expectations of inflation to change, so that steadily accelerating inflation rather than reduced unemployment was the result.
www.worldhistory.com /wiki/N/NAIRU.htm   (665 words)

  
 Natural gross domestic product - InfoSearchPoint.com   (Site not responding. Last check: 2007-10-19)
Natural gross domestic product (natural GDP) is defined as the optimal production capacity of a territory's economy.
Once gross domestic product exceeds natural GDP, inflation accelerates as demand exceeds supply.
This can be done in a number of ways: the two most common strategies are expanding or contracting the government budget, and altering the money supply to change consumption and investment levels.
www.infosearchpoint.com /display/Natural_gross_domestic_product   (139 words)

  
 Ghana Gross Domestic Product - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, International ...
Ghana's worst years were 1982 and 1983, when the country was hit with the worst drought in fifty years, bush fires that destroyed crops, and the lowest cocoa prices of the postwar period.
At the same time, gross domestic fixed investment rose from 3.5 percent of the total in 1982 to 12.9 percent in 1992.
The share of public consumption in GDP fell from a peak of 11.1 percent in 1986 to 9.9 percent in 1988, but appeared to have risen again to 13.3 percent in 1992.
www.photius.com /countries/ghana/economy/ghana_economy_gross_domestic_produ~106.html   (430 words)

  
 Federal Reserve Bank of Minneapolis -The Region - Gross Domestic Product: Understanding News From Noise (June 2002)   (Site not responding. Last check: 2007-10-19)
Multiple choice guess-tion: On an annualized basis, the nation's gross domestic product in the fourth quarter of 2001 went up: (a) 0.2 percent, (b) 1.4 percent, (c) 1.7 percent, (d) still to be determined.
The first is the time-lag nature of data collection in such a large, complex economy, which mainly affects the three estimates (advance, preliminary and final) made for each quarter (which are released one, two and three months, respectively, after the end of a quarter).
But he acknowledged it is also “the least reliable by nature” because it depends more on data estimates than the subsequent preliminary and final estimates.
woodrow.mpls.frb.fed.us /pubs/region/02-06/gdp.cfm   (2692 words)

  
 Economics - Gross Domestic Product   (Site not responding. Last check: 2007-10-19)
Clinton won the 1992 election in large part because he claimed that the Bush recession was "the worst since the Great Depression." Naturally, the compliant liberally biased media was compliant, &, together, Clinton & the media convinced many voters that they'd be selling apples on street corners the next day.
GDP: The gross domestic product is the sum of the gross value added by all resident producers in the economy plus any product taxes & minus any subsidies not included in the value of the products.
GNI: (Gross national income -- formerly gross national product or GNP): GDP [the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output] plus net receipts of primary income (compensation of employees & property income) from abroad.
home.netvista.net /~mikos/GDP.htm   (1255 words)

  
 What's Wrong With The GDP?
Since its introduction during World War II as a measure of wartime production capacity, the Gross National Product (now routinely measured as Gross Domestic Product—GDP) has become the nation's foremost indicator of economic progress.
It is merely a gross tally of products and services bought and sold, with no distinctions between transactions that add to well-being, and those that diminish it.
It broadens the conventional accounting framework to include the economic contributions of the family and community realms, and of the natural habitat, along with conventionally measured economic production.
dieoff.org /page11.htm   (1956 words)

  
 GROSS DOMESTIC PRODUCT FACTS AND INFORMATION
GDP differs from gross_national_product (GNP) in excluding inter-country income transfers, in effect attributing to a territory the product ''generated'' within it rather than the incomes ''received'' in it.
For instance, if 10% of GDP is being spent on buying hi-tech foreign arms, the number of weapons purchased is entirely governed by ''current exchange rates'', since arms are a traded_product bought on the international market (there is no meaningful 'local' price distinct from the international price for high technology goods).
Some economists have attempted to create a replacement for GDP called the Genuine_Progress_Indicator (GPI), which attempts to address many of the above criticisms.
www.palfacts.com /Gross_domestic_product   (2699 words)

  
 Best china gross domestic product Site Resources   (Site not responding. Last check: 2007-10-19)
China: Gross Domestic Product (GDP/PIB) by Province and Municipality...
China’s remarkable increase in gross domestic product (GDP) and its integration into the world economy over the past 25 years have had an enormous impact and have stimulated intense...
China's central bank said it expects the economy to motor ahead with growth in gross domestic product (GDP) expected to surpass 9.0 percent, with a rise in inflation of about 2.0 percent.
speedy-find.info /domestic/china-gross-domestic-product.php   (905 words)

  
 4Q GDP better than expected - Feb. 28, 2003
Gross domestic product (GDP), the broadest measure of the world's largest economy, grew at a 1.4 percent rate in the quarter after growing at a 4 percent rate in the third quarter, the Commerce Department reported.
Though businesses have been spending money, mainly to rebuild inventories, replace old equipment and increase productivity to keep up with competitors, they haven't embarked on the kind of major investment plans necessary to keep the economy going strong.
And higher oil, natural gas and gasoline prices are also pinching consumers' wallets, curbing discretionary spending and generally weighing on confidence.
money.cnn.com /2003/02/28/news/economy/gdp/index.htm   (732 words)

  
 Gross Domestic Product (GDP)
Economic growth above this 'natural' growth rate cannot be sustained for too long: it can cause inflation and lead the Federal Reserve to increase the Fed Funds rate to tighten monetary policy in order to slow growth and prevent a pickup in inflation.
Trend increases in productivity growth or employment growth would lead to an increase in the sustainable rate of growth of GDP.
You can create customized GDP Charts with the Economic Chart Maker Tip: type "GROSS DOMESTIC PRODUCT" in the Label section of the form and choose the transformation of the data you are interested in.
pages.stern.nyu.edu /~nroubini/bci/GDP.html   (582 words)

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