The GDP measure says we are on the right track. ... Now some economists are asking whether the GDP is an adequate measure of the nation's well being. ... Crime adds billions of dollars to the GDP due to the need for locks and other security measures, increased police protection, property damage, and medical costs. ... Macroeconomic indicators like the GDP have a similar drawback--they measure only one thing. ... This is important because different measures of the same phenomenon may offer seemingly contradictory readings. ...

• Word Count: 943
• Approx Pages: 4
• Has Bibliography

Gross Domestic Product is a measure of who has the strongest economies in the world. ... Overall the measure of GDP is very important to the American economy and to the welfare of its citizens. ... There are quarterly measures every year to keep up with the measure of the whole year, these quarter reports can be seen on the Bureau of Economic Analysis's website. The expenditure approach, product approach and income approach are the three main ways that the BEA measures the GDP. ... The measure and ranking of a country's GDP is extremely important. ...

• Word Count: 1079
• Approx Pages: 4
• Has Bibliography
• Grade Level: High School

On Tuesday the 17th of January in 1997, and earthquake struck in south central Japan in the town of Kobe and Osaka, Japan's second most populated and industrialised area, after Tokyo. The shock occured at a shallow depth on a fault running from Awaji Island through to the city of Kobe, which has a p...

• Word Count: 302
• Approx Pages: 1
• Grade Level: High School

What is Economic Development? Economic development can be illustrated as the sustainable process of developing and preserving apposite economic, social and political environments, in which economic opportunity is created for all citizens, business investment is enthused for the private se...

• Word Count: 280
• Approx Pages: 1
• Grade Level: Graduate

"Tokyo Announces Its Stimulus Package;" by Ken Belson; The New York Times; October 17, 2001; Page W1. A. Summary: The Japanese government will spend 1 trillion yen, $8.3 billion, to stimulate economic growth in the remaining fiscal year. The stimulus package is much smaller than expected, and...

• Word Count: 473
• Approx Pages: 2

According the to the Asian Development Bank Institute, "this surge was attributable to the successive deregulation measures which the Indonesian government had introduced after the end of the oil boom in 1982 to improve the investment climate for both domestic and foreign private investors..." ...

• Word Count: 571
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate

Last quarter, I had an in-class debate on the positive and negative aspects of hydraulic fracturing, and after hearing the pros and cons of this advanced technology during the debate, I was in support of the use of this technique. I have a different view than my classmate. Many processes used in our...

• Word Count: 702
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

The Impact of the Internet on Productivity Long-term growth is driven by new ideas. In the new age compared to the past, productivity has increased due to Information Technology and the Internet as compared to industrialization. Productivity measures the efficiency of work such as the output ...

• Word Count: 881
• Approx Pages: 4
• Grade Level: Undergraduate

State of the Economy It is difficult to declare a definite economic state. To declare that the nation is in a recession may be a bit of an overstatement, but it is also difficult to ignore the fact that stock market prices are at some of its lowest points in history. An argument can be made b...

• Word Count: 813
• Approx Pages: 3
• Has Bibliography

Ministry officials said that China regards employment growth as its top economic priority, and the country will take every measure necessary to boost employment, including tax reductions, loans granted on preferential terms (to firms that employ laid-off workers) and social security insurance subsidies to help improve the situation. ...

• Word Count: 991
• Approx Pages: 4

Explain four types of economics dependence. Are these types of economics dependence remain relevant to explain economic growth and development of developing countries. There are four types of economic dependence such as direct economic dependence, trade dependence, financial dependence and technical...

• Word Count: 987
• Approx Pages: 4
• Grade Level: Undergraduate