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GDP Deflator
In economics, the GDP deflator (implicit price deflator) is a measure of the money price of all new, domestically produced, final goods and services in an economy in a year relative to the real value of them. It can be used as a measure of the value of money. GDP stands for gross domestic product, the total monetary value of all final goods and services produced within the territory of a country over a particular period of time (quarterly or annually). Like the consumer price index (CPI), the GDP deflator is a measure of price inflation/deflation with respect to a specific base year; the GDP deflator of the base year itself is equal to 100. Unlike the CPI, the GDP deflator is not based on a fixed basket of goods and services; the "basket" for the GDP deflator is allowed to change from year to year with people's consumption and investment patterns. Calculation Measurement in national accounts In most systems of national accounts the GDP deflator measures the ratio of nominal (o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statistics Canada
Statistics Canada (StatCan; french: Statistique Canada), formed in 1971, is the agency of the Government of Canada commissioned with producing statistics to help better understand Canada, its population, resources, economy, society, and culture. It is headquartered in Ottawa.Statistics Canada, 150 Tunney's Pasture Driveway Ottawa, Ontario K1A 0T6; Statistique Canada 150, promenade du pré Tunney Ottawa, Ontario K1A 0T6 The agency is led by the chief statistician of Canada, currently Anil Arora, who assumed the role on September 19, 2016. StatCan is responsible to Parliament through the Minister of Innovation, Science and Industry, currently François-Philippe Champagne. Statistics Canada acts as the national statistical agency for Canada, and Statistics Canada produces statistics for all the provinces as well as the federal government. In addition to conducting about 350 active surveys on virtually all aspects of Canadian life, the '' Statistics Act'' mandates that Statistic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Implicit Price Deflator For Personal Consumption Expenditures
The PCE price index (PePP), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase in prices for all domestic personal consumption. It is benchmarked to a base of 2012 = 100. Using a variety of data including U.S. Consumer Price Index and Producer Price Index prices, it is derived from the largest component of the GDP in the BEA's National Income and Product Accounts, personal consumption expenditures. The personal consumption expenditure (PCE) measure is the component statistic for consumption in gross domestic product (GDP) collected by the United States Bureau of Economic Analysis (BEA). It consists of the actual and imputed expenditures of households and includes da ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chained Volume Series
A chained volume series is a series of economic data (such as GDP, GNP or similar kinds of data) from successive years, put in real (or constant, i.e. inflation- and deflation-adjusted) terms by computing the production volume for each year in the prices of the preceding year, and then 'chain linking' the data together to obtain a time-series of production figures from which the effects of price changes (i.e., monetary inflation or deflation) have, at least in theory, been removed. In other words, from the raw GDP or GNP data, which reflect changes in both production volume and prices, a series is obtained which reflects only production volume. The year-by-year chain linking method differs from some other techniques for compensating for monetary inflation and deflation that are used in economics, such as the consumer price index. The consumer price index uses the observed price of a set 'market basket' of goods and services in any two given years to determine the relative prices in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hermann Paasche
Hermann Paasche (; February 24, 1851 in Burg bei Magdeburg – April 11, 1925 in Detroit) was a German statistician and economist. He is known for his Paasche Index, which provides a calculation of the Price Index. Paasche studied economics, agriculture, statistics and philosophy at University of Halle. In 1879, he became a professor of political science at Aachen University of Technology. Paasche died in 1925 in Detroit, Michigan, United States. Education In 1870, Paasche matriculated from the Burg Gymnasium. At the University of Halle he first studied agriculture. After military service, his studies continued, however, his attention turned to economics, statistics, and philosophy. Paasche completed his doctorate in 1875 under Johannes Conrad at the University of Halle. In 1877, his postdoctoral thesis (habilitation) was entitled: ''Über die Entwicklung der Preise und der Rente des Immobiliarbesitzes.'' Career His inaugural lecture was entitled: ''Über den Staat und seine vo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bureau Of Statistics (Nepal)
The Central Bureau of Statistics ( ne, केन्द्रीय तथाङ्क विभाग) is the central agency for the collection, consolidation, processing, analysis, publication and dissemination of statistics in Nepal. One of its core tasks is to research and publish censuses of Nepal, the most prominent one being the overall population census and Demographics of Nepal. History The Central Bureau of Statistics was established in 1959 under the National Planning Commission of Nepal, which is headed by the Prime Minister of Nepal. Before 2015, different Nepalese governmental organisations gathered statistical information on their own. This led to inconsistencies in statistical information, for which the Bureau called for improvement of the processes, which, however, were not implemented as of 2017. The Bureau's main functions include providing its government with statistics to help with public policy planning, collecting and analyzing socioeconomic data, and develo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Census And Statistics Department (Hong Kong)
The Census and Statistics Department (C&SD; ) is the provider of major social and economic official statistics in Hong Kong. It is also responsible for conducting Population Census and By-census in Hong Kong since 1971. Its head office is in the Wanchai Tower in Wan Chai. Antecedent The history of population censuses in Hong Kong can be traced back to the 1840s. According to early government records, the first set of census results were published in the 2nd issue of H.K. Govt. Gazette (1841 May). Regular population censuses have been taken ever since, except for the main gap between 1931 and 1961. In addition to population censuses, other statistics like number of ships entered, trade tonnage, public revenue and expenditure, death rate for European and American residents, number of schools, school attendance, number of prisoners and police strength were collected through various government departments in a scattered fashion. In 1947, a Department of Statistics was set u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cabinet Office (Japan)
The (CAO) is an agency of the Cabinet of Japan. It is responsible for handling the day-to-day affairs of the Cabinet. The Cabinet Office is formally headed by the Prime Minister. Ministers History The Cabinet Office was established on 6 January 2001, following the reorganization of the central government. It was created to assist in the planning and overall coordination of government policies led by the Cabinet (including the Cabinet Secretariat). The Cabinet Office is different from other ministries and agencies, as it is installed in the Cabinet and includes several Ministers of State called Minister of State for Special Missions. Early on, some argued it was inappropriate to use the name Cabinet Office because "it is an organization that divides and manages administrative affairs and not the cabinet itself". The National Administrative Organization Law does not apply, and all necessary items are stipulated in the Cabinet Office Establishment Law. Since many important ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
INDEC
The National Institute of Statistics and Censuses ( es, link=no, Instituto Nacional de Estadística y Censos; INDEC) is an Argentine decentralized public body that operates within the Ministry of Economy, which exercises the direction of all official statistical activities carried out in the country. In February 2013, the International Monetary Fund censured Argentina for failing to report accurate inflation data. Political intervention in the INDEC figures ended, and the IMF declared in November 2016 that Argentine statistics were again in accordance with international standards. Definition The National Institute of Statistics and Census ( es, Instituto Nacional de Estadística y Censos, INDEC) is a public deconcentrated body, of a technical nature, within the scope of Argentina's National Ministry of Economy, and which runs all the official statistical activities carried out throughout the country. Its creation and operation are regulated bLaw 176221 executive order3110/ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
