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By: mussachait (43 month(s) ago)

gud one

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GROSS DOMESTIC PRODUCT : 

GROSS DOMESTIC PRODUCT

WHAT IS GDP? : 

WHAT IS GDP? THE GDP IS DEFINED AS THE MARKET VALUE OF ALL FINAL GOODS AND SERVICES PRODUCED WITHIN A COUNTRY IN A GIVEN PERIOD OF TIME. IT IS ONE OF THE MEASURE OF THE SIZE OF THE ECONOMY. IT IS AN INDICATOR OF ECONOMIC HEALTH OF ANY COUNTRY. IT CAN MEASURE SPENDING ON ALL GOODS AND SERVICES OR IT CAN ALSO MEASURE ALL INCOME EARNED .

MEASUREMENT : : 

MEASUREMENT : GDP IS MEASURED BY NATIONAL STATISTICAL AGENCY. SUCH AS: INDIA- MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION RUSSIA- FEDERAL SERVICE OF STATE STATISTICS BRAZIL- INSTITUTO BRASILEIRO DE GEOGRAESTATISTICAIA UNITED STATES- BUREAU OF ECONOMIC ANALYSIS

TYPES OF MEASUREMENT : 

TYPES OF MEASUREMENT EXPENDITURE METHOD: GDP= CONSUMPTION+ INVESTMENT+ GOVT. SPENDIND+ (EXPORT-IMPORT) INCOME METHOD : GDP= COMPENSATION OF EMPLOYEES + GROSS OPERATING SURPLUS+ GROSS MIXED INCOME+ TAX LESS SUBSIDIES ON PRODUCTION AND IMPORTS OR GDP= RENT+ INTEREST+PROFIT+STRATICAL ADJUSTMENT+ WAGES

COMPONENTS OF GDP : 

COMPONENTS OF GDP PRIVATE CONSUMPTION: HOUSEHOLD EXP. SUCH AS FOOD, RENT,MEDICAL EXP. ETC INVESTMENT: CAPITAL EXPENDITURE GOVT SPENDING CUMULATIVE EXPORT CONTD…….

CONTD……. : 

CONTD……. COMPENSATION OF ENPLOYEE GROSS OPERATING SURPLUS MIXED INCOME RENT INTREST PROFIT STATISTICAL ADJUT(CORPORATE INCOME TAXES,DIVIDENDS,UNDISTRIBUTED CORPORATE PROFIT) WAGES

CROSS-BORDER COMPARISION : 

CROSS-BORDER COMPARISION GDP OF DIFFERENT COUNTRIES CAN BE COMPARED BY FOLLOWING METHODS: CURRENT CURRENCY EXCHANGE RATE PURCHASING POWER PARITY RATE GDP PER CAPITA

CONTD… : 

CONTD… CURRENT EXCHANGE RATE METHOD CONVERTS THE VALUE OF GOODS AND SERVICES USING GLOBAL CURRENCY EXCHANGE RATE. PPP- RELATIVE EFFECTIVE DOMESTIC PURCHASING POWER OF THE AVERAGE PRODUSER OR CONSUMER WITHIN AN ECONOMY. GDP PER CAPITA IS GDP DIVIDED BY THE AVERAGE POPULATION FOR THE SAME YEAR.

DISADVANTAGES OF PARAMETERS : 

DISADVANTAGES OF PARAMETERS EXCHANGE RATE FLUCTUATION IN CURRENCY EXCHANGE RATE PPP DOES NOT REFLECT THE VALUE OF ECONOMIC OUTPUT IN INTERNATIONAL TRADE IT REQUIRES MORE ESTIMATION THAN GDP PER CAPITA

RANK BASED ON GDP PER CAPITA : 

RANK BASED ON GDP PER CAPITA

RANK BASED ON PPP : 

RANK BASED ON PPP

GDP & STANDARD OF LIVING : 

GDP & STANDARD OF LIVING GDP PER CAPITA IS USED AS AN INDICATOR OF STANDARD OF LIVING IN AN ECONOMY ADVANTAGES IT IS MEASURED FREQUENTLY, WIDELY & CONSISTENTLY INFORMATION ON GDP IS AVAILABLE ON A QUARTERLY BASIS

DISADVANTAGES : 

DISADVANTAGES DEFINITION OF GDP DOES NOT SUGGESTS. MAKES GDP A PROXY FOR STANDARD OF LIVING. DOES NOT TAKE INTO ACCOUNT THE BLACK MARKET. IGNORES VOLUNTEER, UNPAID WORK. EXAMPLE : LINUX QUALITY OF LIFE IS DETERMINED BY MANY OTHER THINGS THAN PHYSICAL GOODS & SERVICES.

HOW TO ACHIVE 10%GDP GROWTH : 

HOW TO ACHIVE 10%GDP GROWTH SPECIAL ECONOMIC ZONES FOR EDUCATION(SEZFE) EMPOWERING RURAL INDIA HEALTH CARE CITIES RURAL MALLAS INDUS ECONOMIC FREE TRADE ZONE(IEFTZ)

AN ANALYSIS OF INDIA’S GROSS DOMESTIC PRODUT : 

AN ANALYSIS OF INDIA’S GROSS DOMESTIC PRODUT (1980-81 TO 1990-91) (1991-92) (1993-94 TO 1998-99) (1999-2000) (2000-01 TO 2004-05)

CHANGING COMPOSITION OF GDP : 

CHANGING COMPOSITION OF GDP

FORECAST TO FUTURE FROM THE US AND OTHER COUNTRY : 

FORECAST TO FUTURE FROM THE US AND OTHER COUNTRY

FLUCTUATION IN GDP : 

FLUCTUATION IN GDP Innovation: Technological Advancement Political Events Weather War Monetary policies Government policies International factors