The paper investigated the impacts of both secondary education and bank credit rates on per capital gross domestic product motivated by the need to determine the most effective government expenditure towards improving per capita gross domestic product. …
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The study tells that gross domestic product measures a country’s total productivity level. It is defined as the total cost of economic outputs and consists of government expenditure, investments, net export, and consumption. Per capita gross domestic product, a derivative of real gross domestic product is on the other hand a product of population. Consumption in an economy is a factor of people’s disposable income. Similarly, available resources determine the level of a country’s export and hence its net export. Investments, which can be attained through public or private sectors also depends of capital through savings and loans while government expenditures includes spending from central and local governments. Commercial banks and other financial institutions therefore play an important role in economic development through availing investment capital in the form of loans. Provision of financial support also boosts the level of disposable income at a time and as a result boosts consumption. Banks lending capacity however depends on their credit rates that dictate availability of loans as well as loan interest rates. Financial crisis into low credit rates would therefore translate to lower circulation of money and a consequently strained economy through low consumption, investment and export levels. Education has also been identified as an integral factor of economic growth. Researchers and scholars argue that the level of income in jobs is significantly determined by a person’s academic qualifications....
Similarly, educated individuals are relatively more informed and tend to budget their incomes into savings and investments. These observations qualify secondary education, which is a step into colleges and universities, as an important factor to improving per capital gross domestic product (Bloom et al, 2005, p. 16). Research into determining existence and significance of relationships between variables such as per capita gross domestic product and its factors can be undertaken through regression analysis. Linear regression also determines degree of impacts of each explanatory variable in a model and is based on assumptions of linearity, homoscedasticity, and normality of variables (Newbold, Carlson & Thorne, 2010, p. 428; Ryan, 2011, p. 407, 408). This paper seeks to investigate the relationship between per capita gross domestic product and two dependent variables, rate of enrolment in secondary schools and credit rates of financial institutions. The paper will answer two research questions, ‘Is there a significant relationship between per capital gross domestic product and two dependent variables, secondary education enrolment and bank rates?’ and ‘Which of the two variables has higher effects on per capita gross domestic product?’ The paper will test the following sets of hypothesis, H 0: ?i=0; There is no significant relationship H 1: not all are zero; there is a significant relationship Using analytical approach, the effects of the two independent variables on per capita gross domestic product will be analysed. The paper will also test on the validity of statistical assumptions of regression analysis. Methods Participants in the project were selected nations whose economic data were
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(The Impacts of Both Secondary Education and Bank Credit Rates on Per Coursework)
“The Impacts of Both Secondary Education and Bank Credit Rates on Per Coursework”, n.d. https://studentshare.org/macro-microeconomics/1394752-the-impacts-of-both-secondary-education-and-bank-credit-rates-on-per-capital-gross-domestic-product.
This report is based on a research that was carried out with the aim of determining the relationship between per capita gross domestic product and two economic determinants; secondary school enrolment and banks’ credit rates. This is to aid the finance minister’s decision on whether to fund secondary education or banks.
A Credit Default Swap (CDS) is a monetary swap agreement between parties designed to shift the credit exposure of unchanging income products (Choudhry, 2006). The agreement facilitates the lender or creditor to transfer credit from a third party to an insurer who agrees to insure the risk of default payment of credit.
Consequently, credit scoring models have been subjected to extensive research and studies more so in statistic. This has mainly been aimed at improving their accuracy in dealing with decision making when it comes to matters relating to issuance of credits to individuals.
And fifth, based on the prices and the numbers of buyers of those goods, sellers can decide how many of the goods to produce; at the same time, based on the prices and the number of sellers, buyers can also decide how, whether, and how much to buy.
Since goods are bought and sold in the market, depending on the price, quantities, and the numbers of buyers and sellers, the market system is seen by many as the best mechanism for allocating scarce resources and thereby encouraging a positive investment climate.
banks, the financial crisis in Cyprus and the EU wide policy implications on the country’s financial sector are some of the aspects that will be discussed within this study. Thereafter the researcher will be setting forth certain recommendations that are aimed towards the
These rates are per annum which are further calculated on daily basis, taking into account the daily closing balance. All the above banks offer competitive interests on the certificate of deposit. Interest on these certificates is not expressed before on applies for the certificate and fills in all the required details.
One of the issues that make the GDP fall short of a reliable and useful tool to measure social good fare is that its calculation and use as the tool to measure progress is inconsistent with a number of principles. The first principle that GDP is inconsistent with is that it fails to divide clearly costs and benefits.
So, the loan made by the issuer of credit card is accompanied with greater risk as compared to the secured loan. This hence tends to heighten the interest rates level to a greater extent.
The other basic reason is that; those interest ratings are often