We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Modelling the Statistics of Economy: Influence of Gross Domestic Product and Income distribution on Gross National Income - Essay Example

Comments (0)
Summary
This essay is an econometric analysis of the various economic statistics in terms of a specific model that best describes them. The major statistics of the economy as described in NationMaster website include  Gross Domestic Product (GDP), Purchasing Power Parity (PPP), distribution of income, distribution of consumption, gross national income, GDP. …
Download full paper
GRAB THE BEST PAPER
Modelling the Statistics of Economy: Influence of Gross Domestic Product and Income distribution on Gross National Income
Read TextPreview

Extract of sample
Modelling the Statistics of Economy: Influence of Gross Domestic Product and Income distribution on Gross National Income

Download file to see previous pages... The Gross National Income for countries is an economic index reflecting the Gross Domestic Product (GDP) and other economic statistics. While GDP is the net value of all producers along with the taxes, Gross national income is the sum of GDP and all income from abroad. Both GDP and GNI talk about the economic status of a country. It is a measure of the economic development of a country involving the nations expenditure, income, and national output. the GDP is an estimate of the living standard of a country as the per capita measure of GDP measures the average income per person of the nation. The Purchasing Power Parity (PPP) of GDP is the measure of the GDP in terms of international currency. The GDP (PPP) per capita is the variation divided among the population.
The income inequality or income distribution has been a great concern for an economist in the recent past. This dimension highly influences the political and social dimension of a country. Both developing and developed countries tend to concentrate on equality in income distribution (ILO, 2004). Isabel and Matthew (2011) have discussed income inequality in terms of market exchange rates, national history, PPP exchange rates, across different regions of the country and the takeaway. They also discuss the income distribution pattern among poor, women and children. The widely used measure of income inequality is in terms of Gini index, which is a coefficient measured in terms of Lorenz curve. If each person has the same income, then, the Gini coefficient is Zero (0). A Gini coefficient of One (1) conveys that income is confined to only one person in the population.
This project intends to concentrate on these aspects (GDP, PPP, Income distribution and Gross National income). The econometric model that has been planned for implementing this project is the regression model.  ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Explain the differences between national income or gross domestic product and what the state of bhutan in the himalayas calls gr
This has subsequently become the foundation of modern economic analysis, and is used in financing budgets, bond rates, international loans, and economic development plans of nations across the globe. The accuracy of these statistics is based in government record keeping and private accounting measures and includes the sum of all economic activity in the country generated by the various sectors of production and services as a guide to the economic activity of a nation.
10 Pages(2500 words)Essay
The differences between National Income and Gross National Happiness

It is evidently clear from the discussion that Gross Domestic Product is only a component of Gross National Happiness, through economic development, as identified by His Royal Highness of Bhutan back in 1972. It aims at encompassing all factors which could ensure a smooth and uninterrupted social lifestyle.

8 Pages(1250 words)Essay
Gross National Income of different countries
This report includes two parts. The first part contains the statistical analysis of GNI of different countries.The second part consists of the analysis of data related to the visitors to the UK and the revenue that the UK generates. The regression analysis and coefficient of correlation are used to determine the required results.
3 Pages(750 words)Statistics Project
Gross Domestic Product Essay
The methodologies include Production Approach, Income Approach as well as expenditure approach however what is most important is the fact that all three commonly used methodologies present the GDP at price levels i.e. at current market price and at constant market prices.
11 Pages(2750 words)Essay
Gross Domestic Product
The data used to build and refine the econometric model was extracted from the Economic Trend Annual Supplement (ETAS) presented by the British Office for National Statistics (ONS). This was accomplished by applying fundamental econometric methods such as linear regression, misspecification testing, and hypothesis testing using the computer package E-Views.
8 Pages(2000 words)Essay
Gross Domestic Product (GDP)
If the calculated GDP per capita is positive, it indicates that the economy of the nation is performing better compared to the previous year. The positive number shows that the
3 Pages(750 words)Research Paper
Space Age Furniture Company
This paper discusses that the MRP above shows that at the end of week six, there will be no stock remaining for Gemini TV stands. However, the company incurs a cost of $0.75 per unit per week to hold stock for any subassemblies in stock from one week to another. SAC will incur a total cost of $975 for the six weeks in relation to holding cost.
10 Pages(2500 words)Assignment
Gross domestic product
This will help in pinpointing significant strategies regulating the above factors in the hope of heading a country to healing. The calculation of
6 Pages(1500 words)Assignment
Gross Domestic Product
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.
8 Pages(2000 words)Essay
Gross Domestic Product
According to the report, Gross Domestic Product, the GDP based on the provided income data is $761.6 billion. The GDP less depreciation is the Net domestic product (NDP). According to Arnold (2010), NDP refers to the net monetary value of goods and services attributed to property and labour in specified period in an economy.
2 Pages(500 words)Essay
Let us find you another Essay on topic Modelling the Statistics of Economy: Influence of Gross Domestic Product and Income distribution on Gross National Income for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us