Gdp Research Paper - 645 Words

Gross Domestic Product (or known as GDP), is defined as, â€Å"aggregate output as the dollar value of all final goods and services produced within the borders of a country during a specific period of time, typically a year† (McConnell, Brue, amp; Flynn, 2012). This measures the value of the output in monetary terms, and you can check current trends of the GDP by taking a look at the Bureau of Economic Analysis website. Today, we are taking a look at the â€Å"Release Highlights† link to check the most current trends within the GDP. In the BEA release highlights document, you can see an increase if the GDP within the third quarter, which allows corporate profits to pick up. The document states that â€Å"increased 3.1 percent in the third quarter of†¦show more content†¦In the chart, you can see that 2010 was more of a steady year in the economy and GDP percentage. It almost stayed the same throughout the year with a slight increase from the first to second qu arter, then a slight decrease and increase coming into the third and last quarters of the year. Based on the data that I have researched, I predict that for the duration of this year, the GDP will most likely increase, but not dramatically. According to Bloomberg’s business website, â€Å"The world’s largest economy is likely to skirt the worst damage from the so-called fiscal cliff, the more than $600 billion of federal spending cuts and tax increases that will automatically take effect at the start of next year unless Congress acts† (2012, Bloomberg.com). I got to this conclusion due to the fact that throughout last year, consumers and companies put a restraint on their spending. It did not hurt so much, but did not help as much when it comes to growth in the GDP. Works Cited * McConnell, C., Brue, S., amp; Flynn, S. (2012). Macroeconomics: Principles, Problems and Policies, Nineteenth Edition. McGraw-Hill Companies, Inc. * (December 20, 2012). GDP GROWTH ACCELERATES IN THIRD QUARTER. Bureau of Economic Analysis. Retrieved on January 25, 2013 from http://www.bea.gov/newsreleases/national/gdp/2012/pdf/gdp3q12_3rd_fax.pdf * Kearns, Jeff. (OctoberShow MoreRelatedState Regulation On Uber And Cab Drivers Essay1322 Words   |  6 PagesIntroduction The history of regulation could be traced back to the ancient civilizations such as standardized weights and measures in ancient Rome, paper currency system in China, and others including Egyptian, Indian and Greek (Plagiarism, Wikipedia: The Free Encyclopedia). In the modern society, governments choose to intervene to correct market failure, to achieve an equitable distribution of income and wealth and to improve the performance of economy (Geoff, 2006), such as the debate on stateRead MoreRelationship Between Financial Development And Economic Growth922 Words   |  4 Pagesthis paper we investigate this relationship between financial development and economic growth by evaluating the impact of bank credits to the private sector on the non-oil GDP of Azerbaijan. We assume that financial development can be measured by increased bank credits to the private sector and also the performance of the non-oil sector can be a proxy to measure economic growth. Our main research questions are thus; what is the impact of bank credit to the private sector on the non-oil GDP in AzerbaijanRead MoreJudicial Independence And Its Effect On Economic Growth1527 Words   |  7 Pagesindependence has been universally regarded as a basis for the rule of law. My research will address one main question related to the effect of judicial independence. Did judicial independence cause GDP growth after the 2008 recession? Political scientists and law scholars have long linked judicial independence with GDP growth. However, factors such as a global recession have been largely ignored to support this notion. I propose that GDP growth will be positively influenced by judicial independence. II LiteratureRead MoreEffects On The Capital Market Union1245 Words   |  5 Pagesfrom the EU is a first of its kind and will create a high degree of fluctuations in the economy especially during the process of withdrawal. This will nonetheless disrupt the European Commission’s Capital Markets Union (CMU) plan which is what this paper is about. The European Commissions introduced CMU to integrate capitals throughout the EU allowing the European Commission to mobilize funds in attempt to build a more efficient Single Market. UK’s exit will likely have negative impacts on the CMU’sRead MoreThe Impact Of Foreign Direct Investments On Developing Countries1667 Words   |  7 Pagessame benefits of this phenomenon as other countries. One country that has seen a heavy influx of foreign direct investment is India. This paper briefly addresses both the positive effects of FDI on India and looks at the growth of GDP in India’s economy. It concludes that FDI has t ransformed India’s economy and will continue to transform it. From this research, it will give a deeper understanding of the relationship there is FDI and support FDI in developing countries. Introduction Over the pastRead MoreThe Role Of Economic Development As Measured Through Levels1485 Words   |  6 Pagesimplications that change the level of inequality such as education, culture, religion, democratization of countries, years of independence, and most importantly, economic development. (Dollar Gatti, 1999). This paper is examining the role economic development as measured through levels GDP (low, medium, high) plays in the level of gender empowerment in a country. After reading various studies, I have concluded that when regarding â€Å"gender empowerment† it is specific to the empowerment of women It isRead MoreEffects of 2013 Gdp Growth on Micro-Enterprises in Sta. Mesa, Manila: an Analysis848 Words   |  4 PagesPOLYTECHNIC UNIVERSITY OF THE PHILIPPINES COLLEGE OF ACCOUNTANCY AND FINANCE DEPARTMENT OF BANKING AND FINANCE STA. MESA, MANILA ------------------------------------------------- Effects of 2013 GDP Growth on Micro-Enterprises In Sta. Mesa, Manila: An Analysis ------------------------------------------------- In Partial Fullfilment Of The Requirement Of The Degree Bachelor In Banking And Finance ------------------------------------------------- By: AMIEL C. MANANGHAYA BBF 4-10S 2013 AUGUSTRead MoreImpact Of Currency Fluctuations On Foreign Trade1713 Words   |  7 PagesImpact of Currency Fluctuations on Foreign Trade in Emerging Economies An Empirical Analysis Executive Summary The paper analyses the impact of currency fluctuations on foreign trade i.e. imports and exports of emerging economies. For our study we have analyzed emerging economies: Brazil, India, China and South Africa. The available literature shows that currency appreciation has negative impact on the trade of any economy. China’s exchange rate is being controlled by government authorities andRead More Money Supply and Inflation Essay1724 Words   |  7 Pagesother variable i.e. inflation, interest rate, real GDP and nominal GDP). However some other topics similar to this one have been done by AL-SHARKAS, Adel, where he uses the same technique and models on the topic ‘out put response to shocks to interest rate, inflation and stock returns. His work investigates the relationship between the Jordanian output and other macroeconomics variables such as inflation, interest rate and stock returns. His paper employs the VAR approach method of Lee (1992) to analyzeRead MoreResearch On The Determinants Of Economic Growth Is A Common1438 Words   |  6 PagesResearch on the determinants of economic growth is a common focus area in the economics – both because economic growth is an excellent indicator of well-being and the policy-makers want to know what fact2ors can affect this well-being. Previous literature has identified many factors which contribute to the well-being of a country and among these factors; Foreign Direct Investment is persistently seen. Economists have limited tools to measure well-being; reliance on GDP, GDP per capita, GDP growth