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This represents GDP because all the production in an economy (the left hand side of the equation) is used as consumption (C), investment (I), government spending (G), and goods that are exported in excess of imports (NX). Another equation defining GDP using alternative terms (which in theory results in the same value [citation needed]) is
Social Progress Imperative evaluated hundreds of possible indicators while developing the Social Progress Index, including engaging researchers at the Massachusetts Institute of Technology (MIT) to determine what indicators best differentiated the performance of nations. The index uses outcome measures when there are sufficient data available ...
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 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 ...
Real GDP is an example of the distinction between real and nominal values in economics.Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region, usually a country; this depends on the quantities of goods and services produced, and their respective prices.
The Global Social Mobility Index is an index prepared by the World Economic Forum. The inaugural index from 2020 ranked 82 countries and has not been updated since. The Index measures social mobility holistically through 5 determinants. The findings from the index were then used in the World Economic Forum's Global Social Mobility Report 2020 ...
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 ...
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 ...