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
Point elasticity: It refers to measurement of elasticity on a point On a demand curve. Point elasticity helps in measuring elasticity where change in price and quantity is infinite

3. Which of the following would not be an expansionary fiscal policy? a.Increased welfare payments to the poor b.Decreases in federal taxes on corporations c.A balanced budget d.I

what is the theory of supply

a machine cost 18871.00 today. at the end of each year I own the machine & it gives me returns of 4,948.00 after paying repairs and maintenance. After 6 years, I expect to sell it

what happen when a new resources has been discovered for computer

demand for two market are P1=15-Q1&P2=25-Q2.the monopoly TC is C=5+3(Q1+Q2).What are ,output,profit&MR if the monopolist can price disc? riminate

Suppose that investment spending increases by $10 million, shifting up the aggregate expenditure line and increasing GDP from GDP1 to GDP2. If the MPC is 0.9, then what is the chan

Yao''s weekly demand for basketballs is given by Qd = 3-P^2 where P is the price of basketballs. At the current price, Yao''s demand for basketballs is unit elastic. What is the cu

Explain the axioms of completeness, transitivity and non-satiation using appropriate examples.

You are considering whether or not to go to graduate school. Well… there are many things to consider, of course, such as the type of job you would thus get, the opportunity to live