搜尋結果
What links here Related changes Upload file Special pages Permanent link Page information Cite this page Get shortened URL Download QR code Wikidata item The S&P 500 is a stock market index maintained by S&P Dow Jones Indices.It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30 companies that compose the Dow Jones ...
Warren Edward Buffett ( / ˈbʌfɪt / BUF-it; born August 30, 1930) [2] is an American businessman, investor, and philanthropist who currently serves as the chairman and CEO of Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world.
- History
- Determining Gross Domestic Product
- GDP and GNI
- National Measurement
- Nominal GDP and Adjustments to GDP
- GDP Growth
- GDP Per Capita
- Limitations and Criticisms
- Problems with GDP Data
- External Links
William Petty came up with a concept of GDP, to calculate the tax burden, and argue landlords were unfairly taxed during warfare between the Dutch and the English between 1652-74. Charles Davenantdeveloped the method further in 1695. The modern concept of GDP was first developed by Simon Kuznets for a 1934 U.S. Congress report, where he warned agai...
GDP can be determined in three ways, all of which should, theoretically, give the same result. They are the production (or output or value added) approach, the income approach, and the speculated expenditure approach. It is representative of the total output and income within an economy. The most direct of the three is the production approach, whic...
GDP can be contrasted with gross national product (GNP) or, as it is now known, gross national income (GNI). The difference is that GDP defines its scope according to location, while GNI defines its scope according to ownership. In a global context, world GDP and world GNIare, therefore, equivalent terms. GDP is a product produced within a country'...
Within each country GDP is normally measured by a national government statistical agency, as private sectororganizations normally do not have access to the information required (especially information on expenditure and production by governments).
The raw GDP figure as given by the equations above is called the nominal, historical, or current, GDP. When one compares GDP figures from one year to another, it is desirable to compensate for changes in the value of money – for the effects of inflation or deflation. To make it more meaningful for year-to-year comparisons, it may be multiplied by t...
Real GDP allows us to calculate the GDP growth rate, which indicates how much a country's production has increased (or decreased, if the growth rate is negative) compared to the previous year, typically expressed as percentage change. The economic growth can be expressed as real GDP growth rate, real GDP per capita growth rate or GDP (PPP) per capi...
Another thing that it may be desirable to account for is population growth. If a country's GDP doubled over a certain period, but its population tripled, the increase in GDP may not mean that the standard of living increased for the country's residents; the average person in the country is producing less than they were before. Per-capita GDPis a me...
Limitations at introduction
Simon Kuznets, the economist who developed the first comprehensive set of measures of national income, stated in his second report to the U.S. Congress in 1937, in a section titled "Uses and Abuses of National Income Measurements": In 1962, Kuznets stated:
Further criticisms
Ever since the development of GDP, multiple observers have pointed out limitations of using GDP as the overarching measure of economic and social progress. For example, many environmentalists argue that GDP is a poor measure of social progress because it does not take into account harm to the environment. Furthermore, the GDP does not consider human health nor the educational aspect of a population. American politician Robert F. Kennedy criticized the GDP as a measure of "everything except th...
Proposals to overcome GDP limitations
In response to these and other limitations of using GDP, alternative approaches have emerged. 1. In the 1980s, Amartya Sen and Martha Nussbaum developed the capability approach, which focuses on the functional capabilities enjoyed by people within a country, rather than the aggregate wealth held within a country. These capabilities consist of the functions that a person is able to achieve. 2. In 1990, Mahbub ul Haq, a Pakistani economist at the United Nations, introduced the Human Development...
A peer-reviewed study published in the Journal of Political Economy in October 2022 found signs of manipulation of economic growth statistics in the majority of countries. According to the study, this mainly applied to countries that were governed semi-authoritarian/authoritarian or did not have a functioning separation of powers. The study took th...
Global 1. Gross domestic product at the Encyclopædia Britannica 2. Australian Bureau of Statistics Manual on GDP measurement 3. OECD GDP chart 4. UN Statistical Databases 5. World Development Indicators (WDI)at Worldbank.org 6. World GDP Chart (since 1960) Data 1. Bureau of Economic Analysis: Official United States GDP data 2. Historicalstatistics....
North America includes several regions and subregions, each of which have their own respective cultural, economic, and geographic regions. Economic regions include several regions formalized in 20th- and 21st-century trade agreements, including NAFTA between Canada, Mexico, and the United States, and CAFTA between Central America, the Dominican Republic, and the United States.
American Airlines is a major airline in the United States headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex. It is the largest airline in the world when measured by scheduled passengers carried, revenue passenger mile.
The dollar sign, also known as the peso sign, is a currency symbol consisting of a capital S crossed with one or two vertical strokes ( $ or depending on typeface ), used to indicate the unit of various currencies around the world, including most currencies denominated "dollar" or "peso".
TSMC. Taiwan Semiconductor Manufacturing Company Limited ( TSMC or Taiwan Semiconductor) [4] [5] is a Taiwanese multinational semiconductor contract manufacturing and design company. It is the world's second-most valuable semiconductor company, [6] the world's largest dedicated independent ("pure-play") semiconductor foundry, [7] and its ...
