Search results
Results from the WOW.Com Content Network
Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [79] Industry, mainly construction, and services accounted for most of the growth.
Ethiopia plans 800 MW of wind power. [11] As the dry season is also the windy season, wind power is a good complement to hydropower. Ethiopia has benefitted from the creation and sustainment of two large wind power systems. In October 2013 the largest wind farm on the continent, the Adama plants, started capturing energy in Ethiopia.
The capacity factor of the planned hydropower plant – the expected electricity production divided by the potential production if the power plant was utilised permanently at full capacity – was only 32.9% compared to 45–60% for other, smaller hydropower plants in Ethiopia. Critics concluded that a smaller dam would have been more cost ...
The assumption of the capacity factor has a significant impact on the calculation of LCOE as it determines the actual amount of energy produced by specific installed power. Formulas that output cost per unit of energy ($/MWh) already account for the capacity factor, while formulas that output cost per unit of power ($/MW) do not. [12]
The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. Such calculations are prepared by various organizations, including the IMF and the World Bank. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to ...
The economic calculation problem (ECP) is a criticism of using central economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article " Economic Calculation in the Socialist Commonwealth " and later expanded upon by Friedrich Hayek .
For premium support please call: 800-290-4726 more ways to reach us
The misery index is an economic indicator, created by economist Arthur Okun.The index helps determine how the average citizen is doing economically and is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate.