Category Archives: Tip of the Day

Economic Tip of the Day: August 27, 2012

Net Domestic Product is the same as Gross Domestic Product with one difference: it subtracts Investment depreciation from the tally.

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Economic Tip of the Day: August 26, 2012

An example of how GDP and GNP may differ: consider Apple, a U.S. corporation with a significant quantity of its production occuring outside American borders, primarily in China. Apple’s contribution to U.S. GDP would be relatively insignificant, while its contribution to China’s GDP would be massive. Conversely, Apple’s contribution to U.S. GNP would include 100% of the …

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Economic Tip of the Day: August 25, 2012

Gross Domestic Product (GDP) differs from Gross National Product (GNP) because GDP measures total C+I+G+N within a country’s borders. GNP measures C+I+G+N of all of a nation’s financial transactions regardless of where in the world the transactions occur. Related articles Economic Tip of the Day: August 22, 2012 (econprofessor.wordpress.com)

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Economic Tip of the Day: August 24, 2012

  The countries with the 25 largest per capita GDP‘s last year ranged from Monaco, with approximately $179,000 U.S., to the United Kingdom with a GDP of about $39,000 U.S. 25. UK 24. Iceland 23. Germany 22. Belgium 21. Japan 20. Ireland 19. France 18. Kuwait 17. USA 16. San Marino 15. Singapore 14. Finland 13. …

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Economic Tip of the Day: August 23, 2012

  One of the most basic tenets of Macroeconomics 101 is the concept of Gross Domestic Product (GDP). A country’s GDP is its annual total of all its monetary transactions. The most common way to measure GDP is to sum a nation’s Consumption plus Investment plus Government Spending plus Exports, typically abbreviated C+I+G+X. Related articles …

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