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  • GDP Sectors

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    Shivam Garg
    37 vizualizări25 pagini
    GDP represents the total monetary value of all goods and services produced by a country over a specific time period. Per capita, is the measure of GDP taking into consideration the size of the nation (resident population) GDP is a measure of economic production and growth.

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    GDP represents the total monetary value of all goods and services produced by a country over a specific time period. Per capita, is the measure of GDP taking into consideration the size of the nation (resident population) GDP is a measure of economic production and growth.

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    37 vizualizări25 pagini

    GDP Sectors

    Încărcat de

    Shivam Garg
    GDP represents the total monetary value of all goods and services produced by a country over a specific time period. Per capita, is the measure of GDP taking into consideration the size of the nation (resident population) GDP is a measure of economic production and growth.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 25

    GROSS DOMESTIC PRODUCT SECTORS OF AN ECONOMY

    AND

    Abhishek Dubey Johny Jose Kumar Harsh Lahar Solanki Subho Banerjee
    Wednesday 11 January 12 1

    GROSS DOMESTIC PRODUCT


    An Introduction
    Wednesday 11 January 12 2

    WHAT IS GDP?
    GDP

    represents the total monetary value of all goods and services produced by a country over a specic time period. to the income statement of a company.

    Similar GDP GDP

    is a measure of economic production and growth.

    per capita, is the measure of GDP taking into consideration the size of the nation (resident population).

    Wednesday 11 January 12

    HOW IS GDP CALCULATED?


    Basic

    approach (Product Approach)

    GDP = Pvt. Consumption + Gross Investment + Government Spending + (Exports - Imports)

    Two

    methods - Adding up what everyone has earned. - Adding up what everyone has

    Income Approach

    Expenditure Approach

    spent.

    International

    Standard for measuring GDP contained in System of National Accounts


    4

    Wednesday 11 January 12

    PROBLEMS ASSOCIATED WITH GDP


    Wealth

    Distribution - Does not account for variance in income of demographic. Market Transactions - Open Source Software. Estimated cost to develop Linux for servers is 5.3 billion dollars. company. - GDP is similar to an income statement of a

    Non

    Asset Value

    Unorganized

    Economy - Underground Economy / Subsistence Production / Non-monetary Economies


    5

    Wednesday 11 January 12

    SECTORS OF THE ECONOMY


    Wednesday 11 January 12 6

    The

    economy is divided into three sectors primary, secondary and tertiary.

    Primary

    Sector of the Worlds Economy 1000 years

    ago...

    Wednesday 11 January 12

    Wednesday 11 January 12

    Primary

    Sector - Agriculture

    Economic

    theory says developed countries move away from predominantly agrarian economies. Sector?

    Secondary Primary

    Sector of the Worlds Economy 100 years ago...

    Wednesday 11 January 12

    Wednesday 11 January 12

    10

    Secondary Sector - Manufacturing. Manufacturing comes into prominence with the Industrial Revolution and leads has several socio-economic effects

    Colonization Birth of Capitalism / Socialism / Communism

    Tertiary sector? Predominant sector of economy today...

    Wednesday 11 January 12

    11

    Wednesday 11 January 12

    12

    The stage of development of a country can be gauged by the predominant sector of the economy.

    China vs India - Manufacturing vs Service

    Similarities between Factors of Production and the sectors of the economy


    Land - Agriculture Labour - Manufacturing. Capital - Services.

    Wednesday 11 January 12

    13

    Wednesday 11 January 12

    14

    US Government Income from Nationalized Services

    Wednesday 11 January 12

    15

    DATA
    Wednesday 11 January 12 16

    Gross GDP Growth from 1960 - 2010

    Text

    Wednesday 11 January 12

    17

    Agriculture

    Manufacturing

    Services

    GDP - Rs. 236000 cr

    29% 15% 56%

    Division of GDP among sectors of the Indian Economy(1950-51)


    Wednesday 11 January 12 18

    Agriculture

    Manufacturing

    Services

    GDP - Rs. 1194000 cr

    42%

    33%

    25%

    Division of GDP among sectors of the Indian Economy(1990-91)


    Wednesday 11 January 12 19

    Agriculture

    Manufacturing

    Services

    GDP - Rs. 4807000 cr


    17%

    57% 26%

    Division of GDP among sectors of the Indian Economy(2009-10)


    Wednesday 11 January 12 20

    Agriculture 80

    Manufacturing

    Services

    60

    40

    20

    United States

    EU

    Japan

    Nigeria

    China

    Percentage of GDP in various sectors of the economy


    Wednesday 11 January 12 21

    GAPMINDER

    Wednesday 11 January 12

    22

    CLOSING REMARKS
    Wednesday 11 January 12 23

    FURTHER READING
    All Images are links to relevant articles
    Wednesday 11 January 12 24

    Wednesday 11 January 12

    25

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