For the Portfolio Project, conduct an analysis of a recent article and provide y
ID: 1167998 • Letter: F
Question
For the Portfolio Project, conduct an analysis of a recent article and provide your evaluation and outcome expectations in an articulate and informative paper that discusses:
A minimum of three general economic principles related to the article
Identification of three to five macroeconomic indices
Definition and explanation of the indices, e.g., GDP, CPI, and other economic calculations
Discussion about what the specific indices mean in relationship to the overall article and how they impact each other
Appropriate evaluation, decisions, and forecasts that could be made from the information.
Explanation / Answer
GDP means the value of all finished goods and services produced in a country in a specific period of time.
It can be calculated quarterly and annual basis.It includes exports minus imports on a broad basis. It measures a nation's overall economic growth.
CPI is the most used statistical method to identify inflation or deflation in an ecenomy.
GNP is the flow of final goods and services measured in money terms at market prices during a year in a country. It includes incomes of residents from economic activities carried on within the country and abroad.
Gross domestic capital formation(GDCF) refers to gross domestic investment. Investment is the sum of expenditure on capital goods, new housing and inventories. Investment in capital goods and new housing taken together is called investment in gross fixed capital formation.
A wholesale price index(WPI) shows the average value of a group of commodities measured as units of money. It is a ratio showing the prices of a group of commodities in a given or current year in relation to their prices in a base year. It is found by dividing the current year’s prices by their price in the base year.