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Economic Growth

Economic growth is an economy's increase in the production of its goods and services, as well as its technological changes and advancements. It is the increase of a country’s national income and can be measured by long-term growth or short-term growth. Economic growth can be measured nominall, or in real terms, which adjusts for inflation.

It is usually measured in real gross domestic product (real GDP) because GDP measures the total final value of all goods and services produced domestically in an economy. We can track growth by looking at the growth of GDP. The progress of economic growth usually follows a cyclical pattern, where a economy can experience a sudden growth or boom, followed by a decline in GDP. This is called the business cycle and these ups and downs are usually considered part of the short run growth path. More importantly, one must consider the long run growth path that these cycles follow; do they trend upward or downward over logn periods of time?

India and China are examples of countries whose economies had a surge in economic activity. Although they both started at around the same point, we can see in the last 30 years, China has experienced an incredible amount of economic growth without any precedent in history. On the other hand, India has stagnated with little to no economic growth in the last 30 years. 

With the advantages of economic growth, there are still some disadvantages that follow. If short run economic growth strays too far from the long run path there is risk of hyperinflation as an economy's growth becomes uncontrolled. Economic growth can also create negative externalities such as pollution, which becomes an environmental concern. For example, China is often criticized for having large negative impacts on the environment because it is growing too quickly. Even though environmental growth and with economic development share similar outcomes, it is important to remember that the two are separate.

Biodiversity: The long view; The effects of growth

What evidence does this article provide that GDP is related to habitat conservation? (Define GDP in your answer.) •According to the article, what is the role of technology in protecting biodiversity? Briefly discuss the examples provided in the article. •What changes in land use related to economic growth have a positive i

Comparative vs Absolute economic advantage

analysis of the international economy Discuss reasons why the economic growth of the four countries varies so markedly. How does trade influence the strength of the economy worldwide? The 4 countries are: USA China Saudi Arabia Democratic Republic of Congo

International Economies - Comparative and Absolute Advantage

Develop an analysis of the international economy - approximately 300 - 400 words - answer the following two questions: 1) Discuss reasons why the economic growth of the four countries varies so markedly. How does trade influence the strength of the economy worldwide?  USA  China  Saudi Arabia

Inclusive Business in a Pharmacy

1) Identify the core business activities of a Pharmacy Company. 2) Think of how the bottom of the pyramid (BOP) can become a part of the value chain of the core business activities of a Pharmacy Company. 3) The description and explanation of the business model should be written clearly in diagram form or in a flow chart showi

CEMEX Patrimonio Hoy: Case Study

To provide a summary report of the case study attached and shall include the following sections Section 1 - Description of the business, this section describes the major features of the case Section 2 - Business Model, this section describes how the business works and how it was implemented Section 3 - Potential Business Impa

Inclusive Business Example Concept Project

Shall have the following sections. Section 1: Description of the Proposed Inclusive Business Section 2. Inclusive Business Model This section describes how the business works and how the business will be implemented. Section 3. Potential Business Impact This section explains the potential impact of the inclusive business

Managing Energy Sources

***Please read the attached file for the organization information that i need to do write the proposal for! The project proposal is the first deliverable of the Module Project. Be sure to incorporate the topics below in your proposed project proposal: • Identify background information of why you chose the particular orga

US Health Care compared with others

1) How does U.S Health Compare to other countries? Australia, Canada, China, Germany, Great Britain, Israel, Japan or Singapore? 2) How does government shape a health care system? Working on also References: o Shi, L. & Singh, D. (2012). Delivering health care in America: A system approach. (5th. ed.). Boston, MA:

Ingredients of growth

Please help explain the ingredients of growth (supply factor, demand factor, efficiency factor).

Economic Individuals for an Innovative Product

Revise your business proposal. The second part of your paper will use the revised information to recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected economy's stage in the business cycle and the prevailing projected economic conditions for one or more macroecono


I need assistance writing a business proposal. I have to select a new and realistic good or service for an existing industry. I need to write the economic analysis section of a business proposal. This will include statements about the market structure and the elasticity of demand for the good or service, based on text book pri

Brazil: Gross Domestic Product (GDP)

While working for the World Bank, you have been asked to research Gross Domestic Product in Brazil and write a report on your findings. Research data sets for the Brazil economic Gross Domestic Product (GDP) What are 2 relationships between GDP and Brazil's economy? What trends do you see in the data sets? Please support your

Policians: Economic Growth

The U. S. and the World economy is still in a period of slow growth and high unemployment. Since we in the U. S. are already in an election year, does the Political Business Cycle still exist? Do incumbent politicians use their power and influence to get reelected? Is this a "valid" use of political power? How does this impact b

Market Structure

Discuss how the development of the Internet has changed the market structure in which companies operate. Remember that, we are assuming most firms can be categorized as being in perfect competition, monopolistic competition, oligopoly, or monopoly. Keep in mind, however, that perfect competition exists mostly as an ideal or be

Strategic Planning Formulation

You may choose to report on the feasibility of a business you want to start, or you may choose to report on applying the models to a problem at the organization in which you currently work. This project does not include writing a business plan, but in actuality, the assignment is reporting on the analysis that should be condu

General Economic Principles and Macroeconomic Indices

Please provide information and explanations on the following: I. The three General Economic Principles a.) All choice involve costs b.) People Respond to Incentives in Predictable Ways c.) The Consequences of Choices Lie in the Future. II. On Macroeconomic indices: a.) Unemployment rate b.) GDP Output gap c.) Consen

Macroeconomic Analysis on a Foreign Currency

Please help with providing a macroeconomic analysis of Brazilian currency against the U.S. Dollar over the five year period starting in 2005 and ending in 2010. I also need four independent online sources/references.

Macroeconomic Indices

Begin working on your Portfolio Project by researching and selecting an article for your analysis. Appropriate articles are those that: - Are no older than six months old - Contain at least three general economic principles - Contain at least three to five macroeconomic indices Submit an outline that provides information

Do we work too hard?

One of the limiting resources in our economy is time. As a society, we make choices about the allocation of time between work and other pursuits. In the US, most workers are eligible for overtime pay if they work more than 40 hours a week, whereas most European workers become eligible at 35 hours per week. In addition, workers i

Free Trade and International Trade Wars

Economists usually favor free trade because without it, aggregate output suffers and international trade wars can take place and competition among nations is reduced. Please explain.

Bureau of Economic Analysis

Need help with homework assignment, please. Visit: This site is part of the Bureau of Economic Analysis website. Look at the inflation adjusted data and identify the periods of negative real economic growth. What might have caused each of these periods of economic decline?

The Fiscal Cliff and its expected impact in the State of MIssissippi

Describe the so-called fiscal cliff and the expected impact for the State of Mississippi and the Mississippi Delta and for the firms herein using the key words you may have learned. Key words may include buy not limited to demand/supply, elasticity, subsidies, consumer spending, business spending, confidence, uncertainty, budge

Relative Composition of M1

Go to the St. Louis Fed website, (, scroll down and select Money Stock (M1NS). Report the Monthly "Not Seasonally Adjusted" data for the most recent month and for January, 1965 (click on View Data on the left side of the page) for each of the following: Ml Money Stock, the Curr

International Trade Analysis between China and the US

Visit the U.S. Government Web site: Go to the Import/Export Data link. Find Trade Stats Express. Find National Trade Data. Determine the trade balance between the U.S. and China for the period of 2005-2011. Based on the data provided, can you help me create a report in Microsoft Word, di

Capital Gains Taxes and General Income Taxes

What is your interpretation as to whether or not capital gains taxes should be raised or lowered? Should general income taxes be raised or lowered? In either case, what is the likely consequence for business investment, production, and employment? Should there be a Buffett Rule? Explain the Buffett Rule and whether or not

GDP Growth Rate and its Limitations as a Measure of Economic Well-Being

What is the current GDP growth rate for the U.S.? Examine the trend over the past few years. What stage of the Business Cycle would the U.S. economy be in currently given the trends? Why might GDP not be considered an accurate measure of economic well-being of a country? Identify at least three limitations of GDP as a measure o

Synthesis of an Article on Economics

A synthesis is a summary of the important points in an article. For this synthesis, the response must include the how and why this information is important to economics. The attached article is the one being used in this question.

The implication of a government budget surplus

Assess the implication of a government budget surplus on the following: a. National saving b. Interest rates c. Private investment d. Economic growth e. Future living standards When assessing the effects of the budget surplus, list the assumptions you are making.

Economic Systems

Problem 1 Over the last 15 years the Heritage Foundation and the Wall Street Journal have joined forces to produce an annual Index of Economic Freedom. This index defines 10 economic freedoms used to measure the level of economic freedom in countries around the world. Explore the website for the Index of Economic Freedom. Be su

Adverse Selection, Moral Hazard, and Finance

I've stated below the questions I'm having some difficulty with as well as my thoughts on the answer. 1) Households make four kinds of economic decisions (textbook, pp. 4-5). Suppose you have two households with the same income. Household A has one income earner and Household B has two income earners. How would the four typ