The Calculation of GNP Essay Example | Topics and Well Written Essays - 750 words

The Calculation of GNP - Essay Example 120 x 22 = 2640. In 2005, 210 tennis racquets were sold. 210 x 120 = 25,200. 2640 + 25,200 = 27, 840. Let 2004 be the base year. In 2004, 100 CDs were sold. 100 x 22 = 2200. In 2004, 200 tennis racquets were sold. 200 x 120 = 24,000. 2200 + 24,000 = 26,200. Percent Growth = 100% x ((27,840-26,200)/26,200)) Percent Growth = 7.02% Using 2005 as a base year, the real GDP for 2004 is 26,200 and the real GDP for 2005 is 840. This shows an increase of 7.02%. 10/10 4. Review GDP over last 5 years from BEA's website and summarize trends> Discuss two or three events which may have caused these trends. Although the last five years did not experience any recessions, the years 2000 and 2001 were low points in economic growth. Incidentally, the 1960s, 1970s, 1980s, and 1990s, all saw recessions in their first few years, so this slowing of economic growth early in the decade is not unusual (Orszag 2001). Like in other decades, after these first few slow years, the growth rate begins to accelerate again gradually through 2002 and 2003. At this point (late 2003, early 2004) we see a period of particularly fast growth (2003q3 9.3%, 2003q4 5.5%, 2004q1 8.1%) (Bureau of Economic Analysis, 2006). This may have been caused by government initiatives to give the economy a short-term boost for the year of the election (2004). If these initiatives were put into play half-way through 2003, it's possible that they were quite successful initially but only for a short time, and not very far into 2004. Although the GDP does rise in the 2004 and 2005, it's growth has been decelerating ever so slightly over the past two years. Still it remains fairly stable. The recent stability of the economy, despite extremely high energy prices, can be attributed to the relatively... At this point (late 2003, early 2004) we see a period of particularly fast growth (2003q3 9.3%, 2003q4 5.5%, 2004q1 8.1%) (Bureau of Economic Analysis, 2006). This may have been caused by government initiatives to give the economy a short-term boost for the year of the election (2004). If these initiatives were put into play half-way through 2003, it's possible that they were quite successful initially but only for a short time, and not very far into 2004. Although the GDP does rise in the 2004 and 2005, it's growth has been decelerating ever so slightly over the past two years. Still it remains fairly stable. The recent stability of the economy, despite extremely high energy prices, can be attributed to the relatively low unemployment rate throughout the last year (Sniderman, 2006). Sniderman, M. (April 2006). The Economy in Perspective. Research Department of the Federal Reserve Bank of Cleveland. Retrieved April 15, 2006, from www.clevelandfed.org/Research/ET2006/0306/eip.pdf. Two formerly undeveloped economies, that of Singapore and that of Hong Kong, have shown unprecedented growth in the past fifty years. However, developing countries would benefit more from following an economic model similar to that of Singapore given the current economic trends and conditions.

Are Colleges Worth the Price of Admission? Essay -- community college,

In the past several years, there has been a growing trend in the number of college-bound individuals getting two-year degrees from community colleges or earning certification for their desired career field at vocational schools. Such schools certainly seem to have some valuable qualities: all boast of having lower costs than other colleges, of their absence of student loans, of allowing people to make more money quicker, of being narrowly focused so students don’t have to take classes they don’t need. They attempt to point out apparent weaknesses in liberal arts colleges as well, claiming that such an education is unnecessary in today’s world. However, for every reason to go to a community or two-year college, a vocational track, or an apprenticeship, there is another, stronger reason for going to a traditional, four-year college, and the liberal arts degree gained at four year colleges far outstrips the degree gained at a two year school or through a vocational track. Community colleges and vocational tracks are not wrong about the high cost of traditional higher education. According to the U.S. Department of Education’s National Center for Education Statistics, one year at a public, four-year institution costs upwards of $23,000 on average, while private institutions will cost nearly $10,000 more on average. Coupled with the fact that prices at public institutions rose 42 percent and private institutions rose 31 percent between 2001 and 2011, it’s not a shock that parents and students alike worry about paying for college. However, this won’t always be the case, as this rise in prices simply cannot continue the way it has. Eventually, people will be unable to pay the price that colleges charge. They will either settle for com... ...Academic Writing. Ed. Gerald Graff. 2nd ed. New York: W.W. Norton & Company, 2012. 179-189. Print. Murray, Charles. â€Å"Are Too Many People Going to College?† They Say/I Say: The Moves That Matter In Academic Writing. Ed. Gerald Graff. 2nd ed. New York: W.W. Norton & Company, 2012. 222-242. Print. Ungar, Sanford J. â€Å"The New Liberal Arts.† They Say/I Say: The Moves That Matter In Academic Writing. Ed. Gerald Graff. 2nd ed. New York: W.W. Norton & Company, 2012. 190-197. Print. Wallace, David Foster. â€Å"Kenyon Commencement Speech.† They Say/I Say: The Moves That Matter In Academic Writing. Ed. Gerald Graff. 2nd ed. New York: W.W. Norton & Company, 2012. 198-210. Print. Wilson, Robin. â€Å"A Lifetime of Student Debt? Not Likely.† They Say/I Say: The Moves That Matter In Academic Writing. Ed. Gerald Graff. 2nd ed. New York: W.W. Norton & Company, 2012. 256-273. Print.

The advantages and disadvantages of the country’s hospitality

Before the dawn of civilization, man has traveled far for places unknown to him. Initially the traveling was only done with a purpose of food and shelter, but as time passed by and as we became more and more developed, the need to go to a place without any motive, without any intention started eloping in our minds. This motive free traveling came under the name of â€Å"tourism†.New Zealand is a country that is famous for its breath taking views and is quiet a hotspot for tourists, who want to come to a place which has all in store for people of all ages and backgrounds. Slowly but surely, New Zealand has developed a place for itself in the world’s top destination places, and people from almost everywhere in the world flock to this country to experience its natural beauty and resources. The tourism in New Zealand is bringing in good inflow of foreign exchange to the country and is very helpful to the economy.Even though the main economy of the country is through agricul ture and industrial inputs, tourism has craved a niche in the country, so much that it is estimated that the country’s 10% population is working for the hospitality sector. Increase in tourism, is developing the place more and more, and there can be seen a substantial rise of hotels in the country. International franchises of hotels are keen in opening up more and more of their hotels in the country to suffice the tourist onslaught of the country. The major advantage of New Zealand’s tourism is to the country’s financial background itself, and the major advantages of it can be assessed by the following:‘Tourism is important for New Zealand’s future economic growth. It contributes $18.6 billion to the economy each year — 9% of New Zealand’s gross domestic product. It is also an important source of employment. One in every10 New Zealanders works in the tourism industry. Tourism is our largest export sector. International visitors contrib ute $8.3 billion to the economy each year, which accounts for 19.2% of export earnings. During 2006, 2.4 million international visitors arrived in New Zealand’(Courtesy: ‘New Zealand’s Tourism Strategy 2015’. Retrieved on April 10, 2008, from site http://www.nztourismstrategy.com/files/NZTS2015%20final.pdf)Tourism no doubt is very advantageous for New Zealand, as apart from pumping in money, is reviving the pride and refurnishing small town of the country, as now they have become major tourist hotspots. Tourism also is making the government revamp places that include parks and museums, and in one way local heritage is being preserved and well maintained because of tourism.  The major disadvantage that can be considered is because of this high amount of tourism is that the hotels that are coming up every year, are causing damage to the flora of the country. The country in order to suffice high expectations is experiencing rapid changes in climate due to g lobal warming. Also the high expectations are taking its toll on the labor market, and the hospitality industry is currently facing labor shortage and skilled manpower shortage at the moment. Migrating people from just for the sake of hospitality sector might sound beneficial, but then New Zealand which is currently out of migration woes, might start suffering too, like other western countries. Also to motivate high amount of tourism is to relax visa procedure for entering the country, which is the biggest disadvantage as it is open invitation for people trying to become illegal immigrants and even maybe to terrorism. The country has it advantages and disadvantages for hospitality, but one thing that is for sure is the country will always thrive on tourism.Reference:1)  Ã‚  Ã‚  Ã‚  Ã‚   ‘New Zealand’s Tourism Strategy 2015’. http://www.nztourismstrategy.com/files/NZTS2015%20final.pdf2)  Ã‚  Ã‚  Ã‚  Ã‚   http://www.tianz.org.nz/Files/TourismHospWkbkLR.pdf.3)  Ã‚   http://www.fas.usda.gov/gainfiles/200503/146119096.pdf

Us History Research Paper - 930 Words

The history of the United States began with the settlement of Indigenous people before 10,000 BC. Numerous cultures formed. The arrival of Christopher Columbus in 1492 started the European colonization of the Americas. Most colonies formed after 1600. The Spanish built small settlements in Florida and the Southwest, and the French along the Mississippi River and the Gulf Coast. By the 1770s, thirteen British colonies contained 2.5 million people along the Atlantic coast east of the Appalachian Mountains. After the end of the French and Indian Wars in the 1760s, the British government imposed a series of new taxes, rejecting the colonists argument that new taxes needed their approval . Tax resistance, especially the Boston Tea Party, led†¦show more content†¦However, compared to European powers, the nations military strength was relatively limited in peacetime before 1940. The expansion was driven by a quest for inexpensive land for yeoman farmers and slave owners. The expans ion of slavery was increasingly controversial and fueled political and constitutional battles, which were resolved by compromises. Slavery was abolished in all states north of the Mason–Dixon line by 1804, but the South continued to profit off the institution, mostly from production of cotton. Republican Abraham Lincoln was elected in 1860 on a platform of halting the expansion of slavery. Seven Southern slave states rebelled and created the foundation of the Confederacy. Its attack of Fort Sumter against the Union forces started the Civil War . Confederate defeat led to the impoverishment of the South and the abolition of slavery. In the Reconstruction Era, legal and voting rights were extended to freed slaves. The national government emerged much stronger, and because of the Fourteenth Amendment in 1868, it gained the explicit duty to protect individual rights. 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