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.
472
questions
0
votes
0
answers
8
views
Calculating GDP growth rate between different countries without inflation data
I am working on an assignment to compare the GDP growth rates of different countries over a period of 5 years. Just to be clear, I have 2 sets of GDP data points, one set in Year 1, and another set in ...
1
vote
2
answers
49
views
why does world bank show Ukraine's GDP ROSE ~25% from 2020 to 2021?
The world bank shows UKraine's GDP on a tear, in dollar terms, from 2016 onwards. Specifically, between 2020 and 2021, Ukraine's GDP went up from USD 156Bn to USD 200Bn, a roughly 25% increase. The ...
- 139
-1
votes
0
answers
31
views
How do we calculate the chain weighted real GDP growth rate?
“ Year 1 price of good A:25
Year 1 price of good B:2
Year 1 price of good C:8
Year 2 price of good A:12
Year 2 price of good B:2
Year 2 price of good C:10
Year 3 price of good A:15
Year 3 price of ...
1
vote
1
answer
29
views
Why inflation doesn’t cool down economy by itself?
In the short run, wouldn’t you expect that an increase in (the rate of?) inflation leads to a decrease in GDP and thus inflation decreasing again. Like a self-correcting mechanism.
My motivation comes ...
- 11
15
votes
11
answers
6k
views
Is money we make completely taken away by taxes?
In my opinion, any money we make will be completely taken away by taxes. Here is my logic.
When I earn some money (x), I have to give some as tax to the government. ...
- 185
1
vote
0
answers
10
views
How do I rebase this NDP per capita data?
So i got two different data sets that I want to put together, one is from 2004-05 to 2014-15 with the base year 2004-05 and the other one is 2011-12 to 2021-22 with base year 2011-12. I have also ...
- 11
1
vote
0
answers
19
views
Retail component of imported good in GDP?
If I buy a bottle of French wine at a wine shop - how does this add to GDP?
The imported (wholesale) bottle of wine does not count towards GDP; but the markup from the import price that I pay to the ...
- 11
0
votes
0
answers
12
views
How to compare the percentage change growth rate to the growth rate of GDP, both quarterly and for the year?
I am given a task to compare the percentage change growth rate to the growth rate of GDP, both quarterly and for the year.
I try to glance through the Gross Domestic Product, Fourth Quarter and Year ...
- 101
0
votes
0
answers
7
views
Where can I find statistics about coworking enterprises contribution to GDP?
I ask this as information for a layman.
I don't know how are they aggregated in the data of the GDP of each country.
Also, I'm not sure if government has them really available as coworking or private ...
0
votes
1
answer
15
views
Convert UN Data Table 2.3 to USD (Output, gross value added, and fixed assets by industries at current prices, ISIC Rev. 3)
How (un) reasonable is to take the ratio of GDPs in local currency over GDPs in USD to convert http://data.un.org/Data.aspx?d=SNA&f=group_code%3A203 to current USD?
I have looked for a version un ...
- 3
1
vote
1
answer
40
views
A tax-to-GDP ratio of 100% or more
Is it possible that a country's tax-to-GDP ratio reaches 100% or more, let's say with a land value tax. And what would it imply? That all incomes would be spent on paying taxes?
0
votes
2
answers
74
views
How can debt be larger than gdp? [closed]
government is taking debt because they spend it all at once and pay it over time so if you spend all at once there will be increase in gdp(multiple increase in gdp as money changes hands multiple ...
1
vote
1
answer
34
views
Finance becomes part of GDP - David Harvey claim
David Harvey claimed that the work of financiers shifted to be included in the calculation of national productivity in the 1970s. Previous to this, Harvey claims that finance was excluded from GDP ...
- 11
1
vote
2
answers
45
views
Debt to income ratio
I live in Canada, and here the debt-to-income ratio is 1.83. I just want to be sure: is it really the after-tax monthly income divided by the total debt monthly payment? Because I don't understand how ...
1
vote
1
answer
34
views
Imputed housing services of owner-occupied homes in GDP
I found a sentence from a macroeconomics textbook that says imputed housing services of owner-occupied homes are included as consumption in GDP.
Does that mean the estimated rent of my home will be ...
- 27
1
vote
0
answers
27
views
How are trades performed on ships at sea factored into GDP calculations?
When a ship is less than $12$ nautical miles from a country's coast, it's in that country's domestic territory, however, on the high seas, it's in the country in which it's registered. So if a sale is ...
2
votes
2
answers
65
views
"The GDP deflator reflects what's happening to prices not quantities." Is this true?
While looking at the GDP deflator this situation popped up that made me question the quote above from Mankiw Economics 5edition p446.
But if we do the maths, we can see that the GDP deflator for this ...
- 375
0
votes
1
answer
30
views
How Demand of a product affects the currency
Question : Iron ore is Australia's largest export. Suppose that there was an unexpected increase in demand for Australia's iron ore exports globally. Explain what this would do to Australian Dollar ...
- 21
1
vote
0
answers
31
views
GDP vs GNI vs GNP confusion
I am having problems getting my head around this.
Some sources say there is a difference between GNI and GNP others just say they are synonyms.
Could someone clear this up definitively for me:
...
- 375
0
votes
0
answers
20
views
Can we interpret GDP as the economy's aggregate gross profit in accounting's sense?
GDP measurement has 3 approaches: output/expenditure/income
Here is a summary of the calculation of 3 methods (assuming no international activities):
Output:
...
1
vote
0
answers
16
views
Interpolating GDP
So I'm conducting a test on the strength of the APT model using data, I wanted to use GDP as one of my variables but it uses quarterly data, whereas the rest of my dataset is monthly. So, my question ...
- 11
0
votes
1
answer
20
views
''Spending as a Percentage of GDP''
Why is ''XYZ Spending as a Percentage of GDP'' given more importance than XYZ spending as a percentage of the Total Government Expenditure/Budget.
For example, i was looking at certain countries ...
- 1
0
votes
1
answer
42
views
Why do countries try their best to increase the value of their GDP, GNP, and GNI?
Why is it that countries all over the world try their very best to increase the value of GDP, GNP, and GNI?
1
vote
1
answer
63
views
Does applying taxes increase the GDP by the same amount?
Let's say we have a country with a population of 1 million that are all working. The GDP per capita is 10,000 dollars so the GDP of this hypothetical country is $10 billion.
Now let's say that no ...
- 189
3
votes
1
answer
125
views
What would be the most accurate estimate of Iran's GDP?
Wikipedia has 3 widely different estimates of Iran's GDP: 1.7 Trillion, 1 Trillion and a quarter Trillion.
All three come from well-known institutes (IMF, UN and WB) - so this doesn't seem to be hand-...
- 135
2
votes
0
answers
26
views
If developed countries go through an economic depression, what happens to developing & underdeveloped countries?
With the historical inflation data throughout 2022 from the US & England, also with the hawkish view from the Federal Reserve, Bank of England & other analysts of the possibility of an ...
2
votes
0
answers
96
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 ...
2
votes
1
answer
40
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 ...
2
votes
1
answer
14
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 ...
- 21
5
votes
3
answers
541
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 ...
- 151
3
votes
1
answer
36
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 ...
2
votes
1
answer
54
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 (...
- 21
1
vote
2
answers
42
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 ...
- 159
0
votes
0
answers
14
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.
- 111
0
votes
1
answer
53
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 ...
- 73
1
vote
1
answer
39
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.
...
- 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 ...
- 195
0
votes
0
answers
21
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 &...
- 375
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 ...
- 153
0
votes
1
answer
55
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?
- 105
0
votes
1
answer
51
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 ...
- 15
0
votes
0
answers
12
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 ...
1
vote
0
answers
34
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 ...
1
vote
2
answers
67
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 ...
- 125
0
votes
0
answers
36
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,...
- 1
-1
votes
1
answer
120
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 ...
- 711
1
vote
1
answer
31
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 ...
0
votes
1
answer
14
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 ...
- 309
3
votes
1
answer
306
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 ...
- 133
1
vote
1
answer
16
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 ...
- 309