Fluctuations in growth rates - estimation of national income, Microeconomics

Fluctuations in Growth Rates:

Fluctuations in year-to-year growth rates in early stages were very marked, which indicated that the economy had failed to create conditions conducive to stable economic growth. We depended on chance factors, like monsoon. Such impressive growth rates as were witnessed in the past were due to chance elements rather than due to planned efforts. Recent growth has been more robust; it has been less vulnerable to agricultural performance and to vagaries of the monsoon. In the initial stage, there was a tendency towards an increase in the element of fluctuations over successive decades. 

An examination of the annual rates of change – observed by the three sectors of the economy, primary, secondary and tertiary – further shows that the annual variations are not specific to any one sector. Fluctuations are observable in all the sectors, although their order of magnitude is higher in the primary sector, followed by the secondary sector and the tertiary sector in that order. 

 

Posted Date: 11/10/2012 3:04:03 AM | Location : United States







Related Discussions:- Fluctuations in growth rates - estimation of national income, Assignment Help, Ask Question on Fluctuations in growth rates - estimation of national income, Get Answer, Expert's Help, Fluctuations in growth rates - estimation of national income Discussions

Write discussion on Fluctuations in growth rates - estimation of national income
Your posts are moderated
Related Questions
Graphically illustrate how society decides on the number of police officers to hire

Define Average Total Cost and Average Variable Cost Average Total Cost:    The amount spent on producing every unit of output. The average cost is calculated by dividing the t

explain how macro and micro issues may be represented using production possibility curve

Economic profit and Economic loss: Economic profit is the excess if total revenue over total cost when the latter includes both explicit and implicit costs. It is the type o



current rate of gdp


Arc Elasticity is defined below: Arc elasticity measures/calculates the "average" elasticity between two points on the demand curve. The formula is simply given as (change in q

Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of