Here is the synopsis of our sample research paper on The Use and the Application of GDP as a Measure with Particular Consideration of the United Arab Emirates. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5 page paper looks a6 the concept and use of the GDP as a measure of economic activity. The paper starts by defining GDP and looking at the different ways in which it may be calculated. The GDP of the UAE is then examined and compared to other GCC countries, using the comparison as a way of discussing the flaws with the measure. The bibliography cites 18 sources.
Page Count:
5 pages (~225 words per page)
File: TS65_TEGDPUAE.doc
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Unformatted sample text from the term paper:
The measure is commonly cited, but has also been criticized as being inefficient and highly constrained (Sahin, 2009; Afsa, 2009). The concept of the GDP is the measurement of economic
activity; it is used to calculate the monetary value of the goods and services that are produced in an economy over a set period of time (Nellis and Parker, 2000).
The measure is usually undertaken on an annual basis and may be used to assess the patterns or progress of economic development in a single nation comparing performance to previous
years assessing the actual and real rate of GDP growth, as well as being used to make comparisons between different nations (Sahin, 2009). GDP is also often used to assess
the economic development status of a country and the social well being of the citizens which is usually assumed to be related to the level of the GDP (Afsa, 2009;
Diesendorf and Hamilton, 1992; Atkinson, 1983). In order to understand the benefits and the constraints of the measure and how it may be used the concept and use can
be examined from a theoretical perspective and then in the context of application, looking at the United Arab Emirates (UAE). The GDP may be calculated based on three different approaches,
with reference to expenditure, with reference to income added value (Nellis and Parker, 2006). When calculated with reference to expenditure the value of all the goods and services bought including
consumption and capital expenditure, as well as the level of appreciation in the assets and inventory along with government expenditures and total exports are all added together (Nellis and Parker,
2006). To balance the figure so that it is only production that is included all imports are deducted from the figure (Nellis and Parker, 2006. Where the calculation is based
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