The Effects Of Macroeconomics On Gross Domestic Product

There are many barriers to economic development in Ghana. Eight of them are discussed below:

1. If an economy produces final output worth $5 trillion, then the amount of gross

The study and application of macroeconomics influences the well-being of a nation by achieving high rates of material production and by keeping track of how much of something is being consumed. The United States is one of the wealthiest countries in the globe, making the government powerful. Government intervention in the Untied States is an important factor that keeps the economy running. Enough power to control the business cycle keeps money circulating the nation. The business cycle includes economic downturns, classified as recessions, expansions, business-cycle peaks and troughs. A good government is essential for the economy to run smoothly. There are three main macroeconomic variables in the nation that the government focuses on, Gross Domestic Product (GDP), unemployment rate, and inflation rate.

Although Ghana has sought out financial and development support from the United States, other supportive sources from developed countries may be of an asset to developing country dealing with global

As you all know, the United States of America is undergoing the most severe economic period since the Great Depression of the 1929-1933. Like then, the current economy is linked to several internal concerns, but is also influenced by several external features, mostly revealed by its economic relationships with the various international partners. At this level, it is necessary to understand the national economy as the intersection of national politics, national economic affairs, but also global politics and economy. Today, in the era of globalization, not the United States or another country, can live and function in an isolated context.

One argument that disagrees with the increase being an issue, States that the economy could benefit from the tuition increase being put back into it. With this extra money the economy could start to recover from the recession that designated start was December 2007 (R.F., 2015). While recovery is very important for America, how can tuition increase help to rebuild a country that needs less people in debt and more productive citizens producing rather than increasing debt due to rising cost? How much will the government take from students to rebuild its economy? Depriving student of funds is wrong and is not the best solution for our economy. There are more ethical and effective ways to fight a recession that seems to already be recovering than to increase tuition for those that in the future will be an important part in the increase of our nation’s productivity. While conducting my interview with my economics instructor he stated that college education has to be less costly and lead to skills needed by employers. He also stated that sometimes prices defer from individual to individual and to consider price discrimination (Curtis, 2015). Price discrimination is the legitimate business practice of charging different prices for the same product or service to different customers under different conditions (Croon, 2014). Public colleges and universities have been known to use their financial aid rewards as a part of price discrimination. A company can discriminate price when

Financial improvement is actualizing new innovations, move from farming based to industry-based economy, and general change in living models. The current improvement circumstance of Africa is dumbfounding. Despite the fact that it is the wealthiest mainland as far as common assets, Africa remains the poorest and the slightest created district of the world., Africa is the last worldwide outskirts that will take after the current developing forces. The economy of Africa of China, India and South America Consists of the exchange, business, farming, and human assets of the continent.the report, simply distributed, says this development has been determined basically by enhanced monetary administration on the mainland and the private part.

This paper is about Nigeria and their health care, lending institutions and human capital. It is how this country can grow because this country is capable of great things. They need help and It seems that they are trying to fix the problems in their country, but it s very hard to climb yourself out of a hole that seems impossible. They need a assistance but the World Bank and IMF see unable to provide the amount of care that they need or give them the financial push that is required to keep their country a float.

The World Bank has been a major contributor financially in aiding Ghana (Goldsmith, 2001) and the country has received 37 million dollars per year from 2004 to 2007 from U.S. Agency for international development alone (USAID, 2008). Even though the country has received large amounts of money, the external debt that the country has acquired has kept money being spent on social services and instead is going towards paying off the debt. The International Monetary Fund and World Bank have allowed heavily indebted countries some debt relief which Ghana is one of them provided that they meet certain conditions (International Monetary Fund, 2008). This should have freed up resources to be spent on health, education and other social services but that is not evident in the reduction of the rate of infant and child mortality rate. Disparities do exist between regions and social classes, the richest which is comprised of 20 percent of the population have a 46 percent share of the overall consumption and income in the country (Human Development Report, 2007/2008). Ghana despite somewhat lower corruption levels, the elite class still controls the disbursement of funds. Women, especially among the poor in rural areas remain the most disadvantaged group with limited or little

Even though the GDP per capita is increasing every year, the effects of price inflation compounded with higher interest rates than other competing markets have put the citizens in a severe state of poverty. According to (The World Factbook: Nigeria), Over 62% of the total population is below the poverty line. This is due to increased cost of living and increased interest rates on borrowing. The growth will soon slow

possible success in the new global panorama. In general terms, if we compare Nigeria and Turkey GDPs, we see that in only eight years Nigeria has narrowed the gap between them. If we would continue the trajectory, both countries would converge and probably exchange their paths. It is possible because, according to the latest data in the World Bank, GDP annual growth averaged is bigger in Nigeria (6.3%) than in Turkey (2.9%), although Turkey has a higher GDP (see appendix D).

In the first of four subsequent chapters, Jerven introduces the problem of the poor quality of African GDP statistics, subject to problems of reliability, accuracy and validity. By introducing GDP, the main methods used to construct it, and exposing some shocking disparities between the data produced by the three main sources for national income data, readers can understand the complexities involved with measuring GDP. Data gathering in African countries is difficult due to poor data availability and sources, which, combined with using outdated baseline numbers, results in underestimated income statistics. When Ghana recently revised its baseline year, they moved from a low-income country to a low-middle-income country almost overnight – exposing the dilemma associated with taking GDP country rankings at face value. Jerven’s dynamic comparison of the data tables allows us to see how much (or little) we really know about African growth from the statistics.

The many measuring devices available to the economist requires a certain know-how of the subtle complexities that are contained with the art of interpretation of this deep and sophisticated collection of data and opinions. One specific measuring tool, the Gross Domestic Product (GDP), contributes to this collection as a useful tool, but only when properly used and implemented. The purpose of this essay is to discuss the overall usefulness of GDP as an indicator of economic importance.

A Thesis Submitted to the School of Graduate Studies of Addis Ababa University in Partial Fulfillment of the Requirements for the Degree of Master of Science in Accounting and Finance

A FIELD ATTACHEMENT REPORT SUBMITTED TO KAMPALA INTERNATIONAL UNIVERSITY IN PARTIAL FULLFILMENT OF THE REQUIREMENT OF DEGEREE OF BACHELOR OF ECONOMICS AND APPLIED STASISTICS