PHYSICS 102 Lecture Notes - Lecture 8: Capital Account, Xm Satellite Radio, Phillips Curve
Document Summary
Need to understand macroeconomic fundamentals to make sound investment decisions e. g. size of economy: potential to grow, distribution of income, cost of living, employment, debt. Gdp per capita ppp 2015, and 2018 $ Gdp ppp controls for the different costs of living and price levels, usually relative to the. United states dollar, thus enabling a more accurate depiction of a given nation"s level of production. Constant: measures the real growth, adjusting for inflation. The main difference between nominal and real values is that real values are adjusted for inflation, while nominal values are not. Gdp will often appear higher than real gdp: by how much has gdp changed over time, usually express the percentage figure rather than levels (dollar amounts) Gdp growth rate : productivity growth by county group 1990-2016. Productivity growth has slowed significantly around the world since the. 2008 global financial crisis. advanced economies before the crisis drove it down sharply.
