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There is a substantial body of economic analysis concerning the construction of index numbers, desirable properties of index numbers and the relationship between index numbers and economic theory. [ citation needed ] A number indicating a change in magnitude, as of price, wage, employment, or production shifts, relative to the magnitude at a ...
GDP does not measure factors that affect quality of life, such as the quality of the environment (as distinct from the input value) and security from crime. This leads to distortions - for example, spending on cleaning up an oil spill is included in GDP, but the negative impact of the spill on well-being (e.g. loss of clean beaches) is not ...
A foreign direct investment (FDI) refers to purchase of an asset in another country, such that it gives direct control to the purchaser over the asset (e.g. purchase of land and building). In other words, it is an investment in the form of a controlling ownership in a business, in real estate or in productive assets such as factories in one ...
GDP (Gross Domestic Product) is the value of all goods and services sold within a country during one year. GDP measures flows rather than stocks (example: the public deficit is a flow, the government debt is a stock). Flows are derived from the National Accounting relationship between aggregate spending and income. Ergo:
GDP and other macro-economic indicators - provided by the System of National Accounts (SNA). Enlarged GDP measures - include costs such as expense of environmental degradation, resource depletion or higher income inequality. They provide a more accurate indication of a country's actual economic, environmental and social performance.
The World Economic Forum publishes a Financial Development Index annually, which measures and analyses the factors enabling the development of financial systems among different economies. It provides a comprehensive means for economies to benchmark various aspects of their financial systems.
The Social Progress Imperative is a US-based nonprofit created in 2012 best known for the Social Progress Index, a multi-indicator index that assesses the social and environmental performance of different countries. The Social Progress Index is an effort to complement the measure of national performance using traditional economic measures such ...
Normative interpretation of inequality through inequality indexes means that there is a relationship between an inequality index and a social-evaluation ordering defined on the incomes — incomes (nominal or real) of the members of society. Incomes are typically assigned to individuals rather than households by using an adult equivalence scale.