Purchasing Power Parity (PPP) theory is based on the concept that two similar products should be valued same in two different countries considering the currency exchange rate. This theory supports the long-term equilibrium currency exchange rates in the world. Using the PPP method, the currency exchange rate can be calculated for each country. Now local […]Continue Reading... No Comments.
Expenditure approach is the most popular approach to calculate the GDP of a country. It calculates the total spending by the individuals (citizens) and Government to reach out the GDP figure. As per the expenditure method the GDP is calculated as GDP = Consumption (C) + Investment (I) + Government Spending (G) + […]Continue Reading... No Comments.
GDP or Gross Domestic Product denotes the market value of all the goods and services produced within a country or a specific region for a given period of time. The goods include the manufactured products, agricultural products and all types of natural resources. The region can be a part of a country or a combination […]Continue Reading... No Comments.
Every time we have read the importance of normal Monsoon rains on Indian economy and even the Government is depending on the monsoon rains to achieve the estimated fiscal deficit and GDP growth target every year. Now we will check the reason behind it and try to explain the importance of normal monsoon rain on […]Continue Reading... No Comments.