GDP composite of china 2009 Physical capital accounted for almost 50% of total growth and labour for only a little over 10% over recent. Total factor productivity contributed the remaining growth, partly driven by the reallocation of labour from the rural sector to manufacturing. China’s savings are high but it is not the household saving, it is unchanged since 1990's, therefore the consumption is 35%. The corporate savings have increased due to the firm tendency to retain earnings. According to World scope data, over half of listed Chinese industrial firms did not pay a dividend over the past decade.
Social Security and Medicare kept more aging Americans out of poverty. In the 1990’s only 17% of aging adults sixty-five or older lived with families. The downward trend has now reversed and multigenerational households are on the rise again. The United States Census Bureau data indicated in 2007 the number of older adults who moved
An Analysis Of The 2001 Recession An Economic Analysis of the 2001-2002 Recession The recession is commonly defined as “Two or more consecutive quarters of a shrinking economy.” During the month of March 2001, the world’s largest economy - The United States of America - began experiencing a downturn, leading into a recession. (“Economists call it recession”). In comparing previous recessions that occurred, it appears that similar patterns exist also in the 2001-2002 recession. Such patterns start with increasing interest rates by the Federal Reserve Open Committee, proceeded by growth slowdowns, the fall of real output, and eventually the rise in unemployment. According to Robert E. Scott and Christian Weller, “further increases in real short - term interest rates herald a slowdown.” Further evidence that suggests a recession was on the horizon was information released from the National Bureau of Economic Research that states, “A peak marks the end of an expansion and the beginning of a recession.”(The Business Cycle Peak, March 2001.)
For the purposes of this paper, a family business will be considered a company that is controlled and majority-owned by members of the same family. The impact and scope of family enterprises on a global basis are enormous. These entities create an estimated 70%-90% of the global gross domestic product (Family Firm Institute Inc., n.d.). Small business, including family firms also employ over half of US workers and are less likely to lay off employees regardless of financial performance Family-owned businesses are also the backbone of the American economy. Studies have shown that about 35% of Fortune 500 companies are family-controlled.
The census data for 2006 shows that 36.5 million Americans or about one in eight lived below the federal poverty like of $20,614 in income for a family of four. More than a third of them are children, and 3.4 are 65 and older. While the poverty rate continues to rise, the number of children without health care insurance continues to rise with it. Billiteri, J. Thomas (2007, September 7) Domestic Poverty ( Vol. 17, Issue 31).
Paul Geary 10109099 Project A: Okun’s Law United States 4th March 2011 Above we see the Business Cycle for the United States displaying both the Unemployment rates and the Real Growth GDP in percentage change over the last 30 years. There are clear indicators that the US economy has had clear stages of economic over-cooling and over-heating during the last 30 years. Between 1981-1985 the US economy expanded greatly except for a 4% drop in 1983. This rapid expansion was clearly unsustainable, as we see with the gradual contraction in the size of the economy from 1986 to1992 where GDP was barely 1% and unemployment reached 7%. We see this again from 2004 all the way to 2010 with unemployment increasing to 10%.
In 2009 the population was 1.16 billion people with a median age of 25 and an annual growth rate of 1.4%. Population control campaigns have successfully slowed down the growth rate 17% in the following years. There are 28 states and 19 territories with citizens who speak primarily Hindi as well as English as a second language. In 2009 India’s GDP was 146 times greater than in 1990 but there is a clustered distribution of wealth with 4 states accounting for 30% of the total GDP. 37% of the population is impoverished and over 80% lived on less then $2 per day.
1. Does the Audi division of Volkswagen appear to be achieving economies of scale, constant economies of scale, or diseconomies of scale? At first glance it would appear that Audi is experiencing diseconomies of scale. As diseconomies of scale occurs when a company experiences an increase in marginal cost when output is increased. Audi's global sales rose 8.3% to 1.58 million vehicles in 2013 however despite the increase in revenue, the net profit fell 7.7% ($5.57billion) and the operating profit margin fell to 10.1% from 11% the previous year.
Sales grew 33% in 06 and 22% in 07. There is a gap in the growth coming from sales where income is lost due to the increase in raw material prices and forecasted demand which led to an inventory cut. 4. Which is the EBITDA margin? | 05 | 06 | 07 | EBITDA Margin | 8.6% | 15.6% | 9.7% | 5.
The underground economy includes both legal and illegal actions, such as services where taxes are not withheld and illegal actions such as human trafficking. The growth of the black market is an overwhelming problem; governments lose critical revenue, crime rates increase and workers in the black market are often exploited. Shadow economies have grown in both countries with large black markets and countries with relatively small black markets with comparison to the GDP of the country. The shadow economy has been growing for the past thirty years in all the 21 countries of the OECD (Organization for Economic Co-operation and Development). The United State is considered by economists to have a smaller illicit economy; it still doubled from 4 percent of GDP in 1970 to 9 percent in 2000 (Schneider).