A look at how GDP per capita in $US gives different values when measured at purchasing power parity. GDP at Purchasing Power parity (PPP) takes into account variations in living costs. PPP is an attempt to work out how much currency will be needed to buy the same quantity of goods and services in different …
The mobile phone market is a good example of how to explain some basic concepts of supply and demand. For example, it shows how improved technology and increased supply – can reduce price, even as demand rises. According to Evalueserve – Nokia, one of the world’s largest mobile manufacturer, recorded an approximately 39 per cent …
Broadband access in the UK. Also showing different access points to broadband. In the space of less than 10 years, Broadband access has come to be seen as a vital public amenity. It is used for business, retail and is increasingly seen as one of the factors which can show the degree of economic development …
Readers Question: Why is it, that some countries e.g USA, UK, Japan etc can electronically create money whereas India, Germany, Euro etc have to work, trade and manufacture exports and growth to keep pace with the above mentioned ? Any country could electronically create money if they wanted to. To summarise, the only good time …
Readers Question: I read today that US owes an overall debt of 16 trillion, similarly India is also too worried about its fiscal deficit, I think that every country owes some debt. so if everyone owes some money, then where is that money coming from???, or in other words, if everyone’s account balance is in …
Is this the future of a world without oil? Readers Question: What would a world without oil look like? Oil is currently the most important commodity. It is vital to transport (air, sea, road and rail) and also the production of goods like tar and plastic. Without oil, society and the economy would look quite …
This is a list of government spending as a % of GDP. The highest on this list is Zimbabwe with 97.8% of GDP. Amongst developed countries, the highest levels of government spending include Iceland (57%), Sweden (52%) and France (52.8%) China’s government spending accounts for only 20% of GDP
Readers Question: Is Real GDP per head a better indicator of living standards compared to growth of Real GDP? Why? Real GDP per capita shows the average income of a country. If Liechtenstein has 0% growth of Real GDP in 2008, average incomes will reamin $118,000. A country like India may have GDP per head …