PUBLIC DEFICIT What’s that? Public deficit is the negative difference between revenues and expenditures of the state.

Slides:



Advertisements
Similar presentations
PUBLIC DEFICIT What’s that? Public deficit is the negative difference between revenues and expenditures of the state.
Advertisements

Economic Indicators. Why do we care? How is our economy now? Are people working? What if you want to open a new business? What if you want to launch a.
Inflation Macroeconomics. Inflation… what is it?  An increase in the economy’s price level  The price level is the weighted average of prices  A decrease.
SIPRI 2004 Military Expenditure 2003 Military expenditure and arms production project.
Understand the role of business in the global economy. 1.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
6.02 Understand economic indicators to recognize economic trends and conditions A Describe the economic impact of inflation on business Understand.
Social protection and its financing 2012 Hannele Tanhua, Nina Knape Social protection and its financing
CPI (Consumer Price Index) and Inflation. Inflation An increase in the average price level for goods and services across the economy.
Price Stability - Inflation. What is inflation? Inflation = General Rise in Prices This includes both product/services prices as well as income prices.
1 Canadian Institute for Health Information. Chartbook: Trends in National Health Expenditure, 1975 to
Macroeconomic Goals and Instruments
Population Characteristics. Human Development Index A set of living conditions that gives a general picture of what life is like in a given country.
Contemporary Engineering Economics, 6 th edition Park Copyright © 2016 by Pearson Education, Inc. All Rights Reserved Meaning and Measure of Inflation.
Exhibit 25.1 Annual Percentage Changes in the Prescription Drug Price Index and Prescription Drug Expenditures, Copyright 2011 Health Administration.
Calculating economic growth. The formula for calculating % change in real GDP is the following % change in real GDP = final value of real GDP – initial.
UNIT C ECONOMIC FOUNDATIONS AND FINANCING 5.02 Explain the relationship between economic measurements and economic growth.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
ECONOMICS. Economy Types There are four types of economy in the United States Agricultural Service Industrial Information.
2-1Measuring Economic Activity 2-2Economic Conditions Change 2-3Other Measure of Business Activity.
How do we measure the changing value of money? Transformers: Revenge of the Fallen earned $400 million at the box office. Gone with the Wind earned $200.
Management Practices Lecture-6 1. Recap The Organizational Environment – External Environment Importance of External Assessment How to conduct external.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
Elasticity of demand is a measure of how consumers react to a change in price.  Demand for a good that consumers will continue to buy despite a price.
Fiscal Policy and the Multiplier. Unemployment Economic Growth.
 A piece of economic data (statistic)  indicates the direction of an economy.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
Consumer Price Index. Federal Government’s Main Goals One of the federal government’s main goals has been to maintain price stability. If the price of.
LECTURE 8 Economic Growth and Instability. Economic Growth Economic growth is defined as either: (a) An increase in real Gross Domestic Product (GDP)
Basics of Economics Key terms and ideas. Economics ❖ The science that deals with the production, distribution, and consumption of goods and services,
Chapter 32 Inflation. What do we call the verb to “blow up a balloon” to “inflate” So what is inflation in the economy? → Brainstorm a definition Inflation.
Bell Ringer Activity Based on history, what has happened each time our economic system faced change?
Intro Ch. 2 Economic Activity. Ch. 2-1 Measuring Economic Activity GDP- Gross Domestic Product- The total dollar value of all goods and services produced.
Inflation: -Students will understand what economics looks at when evaluating price changes over time. -Students will understand what causes inflation.
CPI (Consumer Price Index) and Inflation. Inflation An increase in the average price level for goods and services across the economy.
Inflation. What is Inflation? Inflation is defined as the sustained increase in the general level of prices for goods and services. The true value of.
Jeopardy True/False Economies Terms Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 FinalFinal Jeopardy Measure Q$100 Q$200 Q$300 Q$400 Q$500.
Chapter 3 Key Terms. Gross Domestic Product (GDP) The total value of the goods and services produced in a country in a given year.
IGCSE ECONOMICS Section C 1/9/14. OUTPUT  The output of an economy is also known as National income. This measures the total value of goods and services.
CPI (Consumer Price Index) data is gathered by sampling prices and using a set of goods as weights. These sets would be renewed every few years.
Inflation CHAPTER 13 SECTION 2. The Effects of Rising Prices  Inflation  A general increase in prices across an economy  Purchasing Power  The ability.
1 © ©1999 South-Western College Publishing PowerPoint Slides prepared by Ken Long Principles of Economics 2nd edition by Fred M Gottheil.
Copyright © 2008 Pearson Education, Inc. Slide 3-1 Index Numbers An index number provides a simple way to compare measurements made at different times.
ESSENTIAL STANDARD 1.00 UNDERSTAND THE ROLE OF BUSINESS IN THE GLOBAL ECONOMY. 1.
Introduction to the UK Economy. What are the key objectives of macroeconomic policy? Price Stability (CPI Inflation of 2%) Growth of Real GDP (National.
 Inflation (Definition & Measurement) By: Haodi Zhang.
Fiscal Policy and the Federal Budget How is the federal budget developed?
Review #1 1.) In year 1, the cost of a market basket of goods was $760. In year 2, the cost of the same basket was $800. What was the consumer price index.
Basic Economic Concepts.  The most basic measure of production is called the Gross Domestic Product (GDP)  There are two ways to measure it: 1.The income.
Consumer Price Index Measures change in prices over time Market Basket of the first price period = 100% at base year US CPI is calculated by finding prices.
Copyright © 2009 Pearson Education, Inc. 2.4 Index Numbers LEARNING GOAL Understand the concept of an index number; in particular, understand how the Consumer.
Economic Growth and GDP. Using the AD/AS model to illustrate Economic Growth Economic growth = increase in the amount of goods and services produced in.
Financial & Budget Outlook City Council Strategic Planning Retreat March 19, 2012 Pueblo, Colorado.
Do Now List the 3 major goals of economic policymakers. What measures can we use to quantify the performance of the economy in these three areas?
Essential Standard 1.00 Understand the role of business in the global economy. 1.
  GDP (Gross Domestic Product) – Basic measure of a nation’s economic output and income. Total market value of all goods and services produced in the.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
Introduction to Business Mrs. A. Measuring Economic Activity Economic indicators Economic indicators – important data or statistics that measure economic.
Essential Standard 1.00 Understand the role of business in the global economy. 1.
Going Big!!!!! Micro Price Quantity Costs Revenues Profits Macro GDP Unemployment Inflation Interest Rates Money Supply.
Presentation to the Board of Supervisors May 24, 2016 FINANCIAL REPORT 3rd Quarter FY
Inflation. Inflation in the United States Inflation is an upward movement in the average level of prices. Its opposite is deflation, a downward movement.
Understanding the economy
Introduction to the UK Economy
Components of Expenditure
ECONOMIC MEASUREMENTS Unit 2, Part 2
How do economists measure a nation’s economic health?
Inflation By: Ben Quick.
GNP and per capita GNP Top of the world!?.
Өмнөговь аймгийн Нийгэм,
Presentation transcript:

PUBLIC DEFICIT What’s that? Public deficit is the negative difference between revenues and expenditures of the state.

IN SPAIN IT’S ABOUT -6.8%, WHICH MEANS THEY SPEND A FEW MORE MONEY THAN THEY GET. IN DENMARK IT’S ABOUT 0.7%, WHICH MEANS THEY SPEND ALMOST AS MUCH MONEY AS THEY GET.

CPI (CONSUMER PRICE INDEX) The CPI measures changes in prices of all goods and services consumed by the population of a country or a region.

IN SPAIN, OUR PRINCES ARE DECREASING A 0.7% BEFORE NOWADAYS

WHEREAS IPC IN DENMARK IS LOCATED IN 0.2%

LIFE EXPECTANCY THE AVERAGE AGES THAT PEOPLE LIVE IN A COUNTRY DENMARKSPAIN She is supposed to be 80.2 years old She is supposed to be 82.8 years old

CORRUPTION PERCEPTIONS INDEX The corruption perceptions index, measures the perceived levels of public-sector corrupion in a given country. (As much near to 100, less corruption perception) DENMARK (92) SPAIN (60)

Per cápita expenditure on education (per cápita)  This the part of the amount of Public Expenditure is dedicated to Education. IN SPAIN IS ABOUT 1041€ AND IN DENMARK IT’S ABOUT 3544€