## CHECK THESE SAMPLES OF Covering the measurement and calculation of Real GDP

...?Question b For the purpose of this assignment, macroeconomic data of United Kingdom has been selected. Given the Nominal **GDP**, **GDP** Deflator and the Population; **Real** **GDP**, **Real** **GDP** per capita, **Real** **GDP** growth rate and **Real** **GDP** per capita growth rate have been **calculated**. The **real** **GDP** figures computed are taken in millions of national currency of UK. However, for **real** **GDP** per capita, absolute figure has been taken in this respect showing national currency per person. **Real**...

8 Pages(2000 words)Coursework

...**GDP** The gross domestic product (**GDP**) is regarded as one of the primary indicators that can be used to gauge thestatus of a country’s economy. It is known to represent the total value of all goods and services that are produced over a given period of time. It can be regarded as the size of the economy. More often than not, **GDP** is usually expressed as a comparison of the earlier quarters or year. For example, if he year to year **GDP** is up to 4 % this is then perceived to mean that the economy grew by 4% over the last year. **Measuring** **GDP** is a bit complex, but the most basic form of the **calculation** can be done in two ways:...

7 Pages(1750 words)Essay

...**Real** **GDP** Part Formula used and **Calculation** of **real** **GDP** in 2004 prices Formula used: 2004 Price x **GDP** Year Quantity = **GDP** year quantity CD's x 2004 CD price
+**GDP** year quantity racquets x 2004 racquet price
Year
**Real** **GDP** **calculation** and result
% change in **real** **GDP** between 2004 and 2005 (2004 prices)
2004
110x$18+200x$90=$19,980
($21,060-$19,980)/$19,980 x 100 =
5.41%
2005
120x$18+210x$90=$21,060
Part 2: Formula used and **Calculation** of value of price index for 2005 using 2004 as base year.
Formula used:
Price Index = (**GDP** year CD price x 2004 CD quantity + **GDP** year racquet price x 2004 racquet quantity)/(2004 CD price x 2004 CD quantity + 2004 racquet price x 2004 racquet quantity)x100
Year
**Calculation**... of ...

2 Pages(500 words)Essay

...Nominal and **Real** **GDP** Gross Domestic Product (**GDP**), as the suggests, is the total of all the products produced by any country. This is good **measure** to understand the size of an economy. There are references in literature where the **GDP** of some African countries are equivalent to the revenues of General Motors (GM). This showcases the difference in **GDP** across the world.
Massive economic **calculations** are required to arrive at these **GDP** numbers. Irrespective of the methods, **GDP** is quoted either as Nominal **GDP** or **Real** **GDP**. The words nominal and **real** signify the same meaning as in interest rates or any other concept where these are used. As per common belief nominal **GDP** is the total of all the products and services produced by a country... is not...

2 Pages(500 words)Essay

...Management Accounting What is the contribution margin per unit for a box of peanut fudge What is the contribution margin ratio A. Contribution Margin = Selling Price - Direct Cost
Brittle, Inc.'s direct costs are:
Peanuts $0.70
Sugar $0.35
Butter $1.85
Other ingredients $0.34
Box, packing material $0.76
Selling commission $0.20
Total Direct Costs = $0.70 + $0.35 + $1.85 + $0.34 + $0.76 + $0.20
= $4.2
Contribution Margin = $5.60 - $4.2
= $1.40
B. Contribution Margin Ratio = Contribution Margin/Selling Price
=$1.40/$5.60
= 0.25
2. How many boxes must be sold to break even What is the break-even sales revenue
Fixed Costs = Fixed Overhead + Fixed Selling and Administrative Costs
= $32, 300 + $12... Accounting ...

2 Pages(500 words)Essay

... **Covering** Islam **Covering** Islam is a book that was written in 1981, by Edward Said, who is a Palestinian **Covering** Islam is based on the worldly views of the Islam community (Said 45). The book talks about how the Western media has contemplated some of the realities in Islamic life. This paper will provide a detailed book review on **Covering** Islam by Edward Said.
According to the author, this is the last book among the series of books in which he analyzes the Islamic world and their relations with other countries. The first two books include Orientalism and The Question of Palestine. This book mainly addresses some of the issues related to the hostage crisis in Iran (Said 72). Said observes that the negative image of Islam arises... the...

4 Pages(1000 words)Book Report/Review

...of the factors affecting the price are inflation, demand and supply, and taxation. Among these factors, demand and supply is international issues, as well as inflation; therefore we can confidently conclude that natural gas should be **measured** in **real** **GDP**. This will enhance accuracy and reliable **calculation** of the **GDP**. If we value natural gas in nominal **GDP**, we will be using a wrong figure as natural gas is highly affected by international markets of other related products such as oil.
Another reason why I propose that we should value it under **real** **GDP** is that USA does produce natural gas. This means that...

1 Pages(250 words)Essay

... **GDP** a. Interest on AT &T bond would be included in the **calculation** of **GDP** when **calculating** **GDP** using income approach. Interest earned by an individual income is included in the **GDP** in the year the interest was earned by an individual.
b. Social security payments received by a retired worker is not accounted for in the **calculation** of **GDP** since it is just a transfer payment.
c. The service of a painter in painting the family home is included in the **calculation** of **GDP** if the painter was an outside contractor and pays tax. However, if the painter is a family member, his work, or benefit will not be included in the **calculation** of **GDP** (Mankiw 506).
d. The income of a dentist is included in the **calculation** of **GDP** on the year the income... was...

1 Pages(250 words)Assignment

...a better picture about the output and consumption of goods and services in the country. For example, the difference in money paid to buy any specific good or service in two different countries can indicate the **real** foreign exchange rate. Based on this theory, the estimate conducted by IMF for China’s **GDP** is 11.3 trillion Dollars for the year 2011.
China needs to devaluate its currency exchange rate to reflect the **real** relation of Chinese Yuan with other major currencies of the world, like US Dollar. As per the comparisons drawn by “The Economist”, Chinese **GDP** has shown steady growth pattern. However, its **real** **GDP** growth rate has been...

5 Pages(1250 words)Essay

...=
Investment Required to purchase the ATM- Amount Received by Selling Old ATM (1-Marginal Tax Rate)
The bank will receive the current market price by selling old ATM machine, which is $200,000. The amount received is subject to marginal tax rate of 40%. Therefore, the amount received from selling the old ATM machine is reduced by 40%. On the other hand the gross outflow required for the installation of new ATM machine is $1,000,000. Therefore, the after tax selling price of the old ATM machine will be subtracted from the price paid for new ATM machine. The **calculations** are...

4 Pages(1000 words)Assignment