Questions tagged [gdp]

Gross Domestic Product (GDP) is a flow measure of the value of finished goods and services produced within a country's borders in a specific time period. GDP is typically calculated on an annual basis.

Filter by
Sorted by
Tagged with
2 votes
0 answers
14 views

How can qatar afford 220 billion dollar world cup?

Qatar's gdp is just 146 billion dollar . But the cost to organize world cup 2022 is projected to be 220 billion dollars. It's just impossible to imagine for me. I don't think qatar gets imf bailout or ...
user avatar
2 votes
1 answer
28 views

Kalman filter returns singular Pt in potential output filter

I am still trying to replicate multivariate filter for potential GDP from paper. Now I am on the step where I need to maximize the posterior distribution of my state-space model (SS) by gradient ...
user avatar
2 votes
1 answer
13 views

Procedure to aggregate bottom up expenditure projections into a GDP figure

I have forecast data on US real GDP expenditure components that I'd like to aggregate into a real GDP projection. I don't think it’s not possible to simply sum up the components into an aggregate GDP ...
user avatar
  • 21
5 votes
3 answers
276 views

In US, was there an instance in the history when two consecutive quarters of GDP decline wasn't classified as recession?

This topic has been a bit politicized. The common perception that two consecutive quarters of negative GDP growth counts as a recession is a myth. There is actually a committee that determines whether ...
user avatar
3 votes
1 answer
29 views

How to pass long lag of unobserved into Kalman filter

I am trying to replicate multivariate filter for potential output from paper. I have already understood which variables in the model are observed and which are unobserved. This model should be ...
user avatar
1 vote
1 answer
41 views

Value added at current price and deflation

I am currently working with Value Added at current price per industry per country per year (VALU variable available on OECD stats) and I'm trying to use the Value Added for all the European Countries (...
user avatar
  • 11
1 vote
2 answers
32 views

Intermediate Consumption vs Savings-Investment in National Income/Expenditure Accounting

I am trying to fully understand the savings-investment identity; both the Y=C+I+G=C+S+T and inventory accumulation perspectives make sense to me, but I came up with two examples that are a bit ...
user avatar
0 votes
0 answers
13 views

How can I calculate the real government income from expanding the monetary base?

Some governments can pay for expenditures by increasing the monetary supply. How can I calculate the income as a percentage of GDP for such an increase? I am trying to do that for Argentina.
user avatar
0 votes
1 answer
41 views

Gap in between GDP & 1 quarter forecast

I have tried plotting the actual GDP vs a median forecast (one quarter into the future). Both predictions and forecasts seem to more or less align after 2016 (red circle), however there is a clear gap ...
user avatar
1 vote
1 answer
36 views

How to view GDP as a network graph?

I was looking at the GDP by industry data at https://apps.bea.gov/iTable/iTable.cfm?reqid=150&step=2&isuri=1&categories=gdpxind I'm curious how to view all these industries in a network. ...
user avatar
  • 13
0 votes
0 answers
12 views

Will increase in rGDP, increase or decrease deficit and currency?

Hello, I have a question about part (c) of this question. Text From Image: Due to expansionary monetary policy, the AD and rGDP will rise. Suppose country has current account deficit. (i) Due to ...
user avatar
0 votes
0 answers
18 views

Are different methods used for chain weighting?

I am looking at various explanations of how chain weighting works. Are there many different methods or is there just one accepted method? So far I have come across: Method A In Mankiw's text book &...
user avatar
  • 161
0 votes
0 answers
12 views

Role of Deficit rise towards GDP growth rate

This year, the general deficit of India (deficit of Union and all State governments) is expected to be 9.9% while pre-covid it was ~6.5% (3.4% union +3% limit on states borrowing). I want to ask if ...
user avatar
  • 113
0 votes
1 answer
35 views

US GDP vs S&P 500 market cap

I googled US GDP and it shows $20.9 Trillion. Then I googled S&P 500 market cap and it shows $42.4 Trillion. Can someone explain to me like I am a 5 year old what is going on?
user avatar
  • 105
0 votes
1 answer
37 views

Why doesn't demand affect output in the long run?

In Mankiw's Macroeconomics, he states that, in the short run, an economy's output depends both on its supply and demand for goods and services, because of price stickiness. In the long run, when ...
user avatar
0 votes
0 answers
8 views

Land value tax in GDP accounting

Using the Income Approach, it seems like a land value tax is counted as an "other taxes on production" component of GDP. But I don't understand why and how it counts as a tax on production ...
user avatar
1 vote
0 answers
31 views

what is the affect on real GDP and price level because of a new information in the stock market?

There is one company in an economy which has a fixed supply of shares in the short run. Suppose there is new information that causes expectations of lower profits. How does this new stock market ...
user avatar
1 vote
2 answers
55 views

Is GDP biased against public goods?

There was recent argument on Economics Twitter, due to some guy claiming that GDP is inherently capitalist and such and such, because if goods and services such as healthcare is converted from public ...
user avatar
0 votes
0 answers
27 views

Regression and Kuznets curve

The dependent variable, Gini (C) has the coefficient and probability value of $(38.934, 0.0000)$. The independent variables: GDP,...
user avatar
-1 votes
1 answer
86 views

Did Russia's GDP per capita really fall 38% between 2013 and 2020?

GPD per capita usually goes up over time due to improvements in technology, but Russia's fell dramatically from \$16,000 to \$10,000 in the 7 years from 20131. There was little change in Russia's ...
user avatar
  • 713
1 vote
1 answer
29 views

Correct formula for real GDP growth?

I have nominal GDP growth (%) and inflation (CPI price level growth, %). Which is the correct way to find real GDP growth (%)? =((1+[nominal GDP growth%])/(1+[inflation%]))-1 or simply: =[nominal GDP ...
user avatar
0 votes
1 answer
10 views

National consumption regression with inflation and interest rate controls

I'm trying to test the relationship (only in cross-section - not with time series data) between national consumption and the fragile state index and my project advisor suggested I include inflation ...
user avatar
  • 309
3 votes
1 answer
90 views

Are stocks prices included in GDP?

According to definition of GDP as total expenditure, GDP includes goods and services currently produced. So it does not include transactions involving items produced in the past. For example buying a ...
user avatar
  • 133
1 vote
1 answer
13 views

Investment variable in GDP - Data Selection - World Bank, IMF

I want to test the correlation of a variable with investment in the national income formula C+I+G+NX. Using IMF data, there are a lot of different investment variables in different formats. What would ...
user avatar
  • 309
0 votes
2 answers
65 views

Is there a scenario where investment and interest rates could both be increasing

Is there a scenario where investment and interest rates could both be increasing? I know that lower interest rates lead to increase borrowing and thus increased investment spending. So there is ...
user avatar
  • 1
0 votes
2 answers
22 views

Why there's a large difference between fiscal deficit and debt to GDP ratio of a country?

The fiscal deficit is the gap between expenses and earnings. For the fiscal year 2020-21, India's debt to GDP ratio was 59.3%; and the fiscal deficit was 9.2% of GDP. How come debt is larger than the ...
user avatar
-1 votes
1 answer
41 views

How does GDP be calculated?

Investopedia states that Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. But ...
user avatar
  • 117
0 votes
1 answer
22 views

GDP: business incorporation location vs citizenship criteria [duplicate]

Suppose a US citizen resides in Germany. He is a business-owner in Germany and the business is legally incorporated in Germany. However, he is a US citizen. The value of the good produced by this ...
user avatar
0 votes
1 answer
89 views

GDP and the case of Netflix and Uber

When a European citizen residing in Europe pays a subscription for Netflix, is this counted as an import of US goods and therefore only increases the GDP of US but not of the European country ? What ...
user avatar
0 votes
1 answer
41 views

Doubt about timing and calculation of nominal GDP

I will consider an example to clarify my question. Assume GDP is calculated quarterly and with value added method in a economy with: Dec 2020 –> total value added = 11.5 Jan 2021 –> total value ...
user avatar
  • 11
0 votes
1 answer
45 views

When debt to GDP is only around 85%, how can this article quote as 300%?

I was reading an article in FT, where debt to GDP is quoted as 300% for US and Japan. However, all the official sites for US quotes the debt to GDP as 85% for US. This article is from a reputed ...
user avatar
  • 137
0 votes
0 answers
35 views

Is growth in real GDP LCU the same as growth in real GDP PPP?

I'm curious as to whether growth in real GDP in local currency units should theoretically yield the same values as growth in real GDP PPP? That is, is this equation true? $$\frac{GDP_{2020,\ LCU,\ ...
user avatar
  • 216
0 votes
0 answers
28 views

When to use current US\$ vs. constant 2015 US\$ vs. PPP?

Given that I am interested in comparing various countries by their GDP per capita - which way of calculating this metric should I use? Namely, when to use current US\$, when to use constant 2015 (or ...
user avatar
0 votes
1 answer
29 views

What is the boundery between non-GDP counted and GDP counted services?

Lets say me and my friend agreed a deal, I provide "service" (that is actually do nothing) to him and he provide the same "service" back to me as well. These severices are priced ...
user avatar
1 vote
0 answers
19 views

Isn't Net Domestic Product(NDP) a better metric than Gross Domestic Product(GDP)?

As per my understand we deduct depreciation from GDP, since capital goods were already counted in their year of production, we subtract depreciation so as to prevent double counting. So why is GDP a ...
user avatar
1 vote
0 answers
21 views

Our country is stuck in a debt cycle..what step(even very small) can I take to help the situation get better? [closed]

Our country is stuck in debt cycle as our public revenue is far less than public expenditure thus forcing gov to take international debts . Consequently, interest is also increasing every year and ...
user avatar
1 vote
1 answer
130 views

What's the highest percentage of output any country spent on its military?

I was surprised that in 1941: American military spending accounted for 2 per cent of it's national output. Compared to Japan's 70 per cent. 70% seems incredibly high, especially given people still ...
user avatar
  • 713
0 votes
1 answer
24 views

Different GDP figure for same country

https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita This link shows GDP of India = 2191 under the column with the heading IMF https://en.m.wikipedia.org/wiki/...
user avatar
  • 1
1 vote
0 answers
13 views

Quarterly GDP and government spending data sources

I am looking for quarterly government spending and GDP data between the years 2019 and 2020 for as many countries as possible. I am posting this question in hopes that someone will point me in the ...
user avatar
0 votes
1 answer
42 views

Macroeconomics Question - GDP & GNP

If I, a citizen from South Korea, borrow $100000 from a Japanese bank to fund my purchase of a new Mercedes in the US, I'll be contributing to the GDP of US. However, will I be contributing to the GNP ...
user avatar
1 vote
0 answers
13 views

The share of the labor force in GDP (including wages and transfers to social protection, %) [closed]

What do the countries with the highest value for this indicator have in common (the share of labor in GDP, including wages and transfers for social protection, %) ? Conversely, what do the countries ...
user avatar
  • 11
1 vote
1 answer
22 views

the share of the labor force in GDP, including wages and transfers to social protection, %

Why is this indicator (the share of the labor force in GDP, including wages and transfers to social protection, %) used as an indicator that indicates the level of inequality in society?
user avatar
  • 11
2 votes
1 answer
50 views

How could you partition Household Food Expenditures into Producing Industries?

From the 2019 Consumer Expenditure Survey, the average household annual food expenditure was $8,169 for that year. There are subcategories such as "Food at Home" and "Food away from ...
user avatar
1 vote
1 answer
27 views

Economic indicators for government debt (sovereign debt)

I am looking at sovereign debt as a percentage of GDP. However, due to external factors like exchange rates, the percentage may change from one year to the next even if a government did not borrow any ...
user avatar
0 votes
1 answer
46 views

How to show the identity $I = S$ is valid in these applied cases?

Say we are in a closed economy where there is no government. It is claimed that $$I = S$$ is an accounting identity and so it's always valid. I find it difficult to understand why this identity is ...
user avatar
  • 282
2 votes
1 answer
28 views

How does "Buffet Indicator" work when market cap(nominator) is daily & GDP(denominator) is quarterly?

Simple question about "Buffet Indicator", but more like a question regarding the economic indicators in general. Buffet Indicator = mkt cap / GDP But as stated in the title, the market cap ...
user avatar
1 vote
1 answer
37 views

Splitting GDP between population

When looking at the average incomes in a country it is necessary to distinguish between mean income and median income. Mean income tends to be distorted by high earners, so typically median income is ...
user avatar
  • 153
0 votes
1 answer
18 views

Theoretical equivalence, experimental distinction between GDI and GDP

Forgive me if this is a naïve or redundant question, I'm about 24h into my study of economics--but I've been trying to research this question and can't figure it out. Why does the national spending ...
user avatar
2 votes
1 answer
113 views

GDP doesn't add up in FED data - why?

To visualise the formula: $$Y=C+I+G+NX$$ I downloaded the FED data and plotted it, only to discover the two curves progressively diverge (see chart below). What am I missing? thank you! $Y$ = https://...
user avatar
0 votes
1 answer
49 views

Confused why GDP/GDP growth is a good measure

I am just a lay person confused about why GDP is a good measure. For example, in the news, it is always reported that GDP grew in the last quarter etc., or China is the only country experiencing GDP ...
user avatar

1
2 3 4 5
9