The implementation of the GNP
concept (over half a century ago) was a major breakthrough at the time.
This could be because Nauru is a phosphate-rich country, with a high GNP
, and can therefore afford desalination plants and other sanitary infrastucture.
The problem which this commentator seems not to appreciate is that abandoning Assertion 3 would require re-educating every student who ever took a principles of economics course and revamping the system of national income accounts, where evaluation at constant prices is considered an acceptable measure of real GNP
The joint estimation of income's components and their relationships with consumption in the UC framework effectively uses consumption information to help distinguish the permanent and transitory components of GNP
while avoiding the problems associated with the VAR approach.
6 percent of GNP
in the year 2009-10 exceeding even the expected GNP
We also attempt to assess the economic significance of consumer sentiment by decomposing the variance of GNP
Expressing changes in GNP
and its major components in terms of 1987 prices and expenditure weights does not make the 1990-91 recession appear "unusual" relative to previous downturns.
Military spending peaked at just under 14 per cent of GNP
during the Korean war and reached roughly 9 per cent of GNP
That $160-billion negative swing represented 4 percent of the GNP
and fully 15 percent to 20 percent of our total industrial output.
gaps reflect a projected shortfall in industrial output and the persistence of high unemployment.
For the fourth quarter of 1991 and the first quarter of 1992, we are expecting real GNP
to grow by 2.
If, for example, the public's demand for M2 balances should be damped by moves among depository institutions to lower deposit rates (in response to earlier declines in market yields and to higher insurance premiums), then velocity might tend to be stronger than otherwise would be the case and less M2 growth would be required to support a given rate of GNP