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China’s Excessive Investment”, published in September/October issue of China & World Economy in the year 2008. China, which has consistently notched double-digit growth rates for more than a decade and, more recently India, which grew by 8%...
economy? Answer: Economics measure the growth rate of a country in real terms. Economic growth was an increase in the number of real output. It refers to an increase in the annual output of goods and services. The most common measure of GDP...
Economic growth can be measured either in nominal or real terms. Growth measured in nominal terms is not adjusted for inflation, whereas the growth measured in real terms is. Hence to see whether the standard of living has improved for a co...
Economic system of Nigeria Nigeria is the United States' largest trading partner in sub-Saharan Africa, largely due to the high level of petroleum imports from Nigeria, which supply 8% of U.S. oil imports--nearly half of Nigeria's daily oil...
Okun’s Law, the Phillips Curve and the simple aggregate demand/supply Okun’s law states that the relationship unemployment rising and country’s GDP (Gross Domestic Product) declines (Blanchard 1997). It relates to principle with an increas...
plays out like a very delicate dance. For stock market investors, annual growth in the GDP is vital. If overall economic output is declining or merely holding steady, most companies will not be able to increase their profits, which is the ...
$2.5trillion and a population of 195m people. In terms of GDP and population Brazil is the 6th largest economy in the world and the largest economy in Latin America. Brazilian industry consists of 6% Agriculture, 25% manufacturing and 68% ...