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Selcuk University - Neba Wais Alqorni - International Economics VIZE
Typology: Assignments
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Konya , Turkey 2020
Definition of Gross Domestic Product : final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country. Output Method: This measures the monetary or market value of all the goods and services produced within the borders of the country. Expenditure Method: This measures the total expenditure incurred by all entities on goods and services within the domestic boundaries of a country. Income Method: It measures the total income earned by the factors of production, that is, labour and capital within the domestic boundaries of a country. GROSS DOMESTIC PRODUCT (US$) 2015 11.526 Quadrillion Dollar 2016 12.402 Quadrillion Dollar 2017 13.590 Quadrillion Dollar 2018 14.838 Quadrillion Dollar 2019 15.834 Quadrillion Dollar Source: https://data.worldbank.org/indicator/NY.GDP.MKTP.CN.AD? end=2019&locations=ID&most_recent_year_desc=true&start= QUESTION- Definition of Gross Domestic Product Per Capita : GDP is a metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a country by its population. Per capita gross domestic product (GDP) is a metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a country by its population. Per capita GDP is a global measure for gauging the prosperity of nations and is used by economists, along with GDP, to analyze the prosperity of a country based on its economic growth. Small, rich countries and more developed industrial countries tend to have the highest per capita GDP. GROSS DOMESTIC PRODUCT PER CAPİTA (US$)
Definition of Unemployment Rate: The unemployment rate is defined as the percentage of unemployed workers in the total labor force. Workers are considered unemployed if they currently do not work, despite the fact that they are able and willing to do so. The total labor force consists of all employed and unemployed people within an economy. There are different types of unemployment: Frictional unemployment refers to temporary unemployment during the period when people are searching for a job. Structural unemployment is a mismatch between workers’ skills or locations and job requirements. Seasonal unemployment is caused by seasonal patterns in economic activity, such as harvesting or tourism. UNEMPLOYMENT RATE 2015 4.51% 2016 4.3% 2017 4.19% 2018 4.51% 2019 4.69% Source: https://www.statista.com/statistics/320129/unemployment-rate-in-indonesia/ QUESTION- Definition of Inflation Rate: Inflation is the decline of purchasing power of a given currency over time. A quantitative estimate of the rate at which the decline in purchasing power occurs can be reflected in the increase of an average price level of a basket of selected goods and services in an economy over some period of time. The rise in the general level of prices, often expressed a a percentage means that a unit of currency effectively buys less than it did in prior periods. Inflation is the rate at which the the value of a currency is falling and consequently the general level of prices for goods and services is rising and sometimes classified into three types: Demand-Pull inflation, Cost-Push inflation, and Built-In inflation. INFLATION RATE 2015 6.36% (-0,03%) 2016 3.53% (-2.84%) 2017 3.81% (0.28%) 2018 3.20% (-0.61%) 2019 3.03% (-0,17%)
Source: https://www.macrotrends.net/countries/IDN/indonesia/inflation-rate-cpi QUESTION- Definition of Import: Imports are defined as goods produced outside the boundaries of one country, which are then purchased by that country. Together with exports, imports represent the keystone of foreign trade. A country buys goods from abroad because it cannot produce them itself or because there are comparative advantages in purchasing them from abroad. Imports generally subtract growth from the national gross output, although they add to well-being. A greater proportion of imports relative to a country’s Gross Domestic Product (GDP) indicates a country’s degree of dependence on purchases from abroad. IMPORT (US$) 2015 142.69 Billion Dollar 2016 135.65 Billion Dollar 2017 156.93 Billion Dollar 2018 188.71 Billion Dollar 2019 170.73 Billion Dollar Source: https://www.statista.com/statistics/320102/import-of-goods-to-indonesia/ QUESTION- Definition of Export: Exports are the goods and services produced in one country and purchased by residents of another country.1 It doesn't matter what the good or service is. It doesn't matter how it is sent. It can be shipped, sent by email, or carried in personal luggage on a plane. If it is produced domestically and sold to someone in a foreign country, it is an export. Exports are one component of international trade. The other component is imports. They are the goods and services bought by a country's residents that are produced in a foreign country. EXPORT (US$) 2015 150.36 Billion Dollar 2016 144.48 Billion Dollar 2017 168,81 Billion Dollar 2018 180,21 Billion Dollar 2019 167,68 Billion Dollar
2019 No Data Source: https://data.worldbank.org/indicator/SI.POV.GINI? end=2018&locations=ID&start= QUESTION- Definition of Human Development Index: The Human Development Index (HDI) is a statistic developed and compiled by the United Nations to measure and various countries' levels of social and economic development. It is composed of four principal areas of interest: mean years of schooling expected years of schooling, life expectancy at birth, and gross national income per capita. This index is a tool used to follow changes in development levels over time and to compare the development levels of different countries. The HDI is a measurement system used by the United Nations to evaluate the level of individual human development in each country. Human Development Index (H.D.I.) 2015 0. 2016 0. 2017 0. 2018 0. 2019 No Data Source: http://hdr.undp.org/en/countries/profiles/IDN RESOURCES https://www.investopedia.com/terms/p/per-capita-gdp.asp#:~:text=Per%20capita%20gross %20domestic%20product,a%20country%20by%20its%20population. https://www.investopedia.com/terms/e/economicgrowth.asp https://www.focus-economics.com/economic-indicator/unemployment-rate#:~:text=The %20unemployment%20rate%20is%20defined,unemployed%20people%20within%20an %20economy. https://www.investopedia.com/terms/i/inflation.asp
https://www.focus-economics.com/economic-indicator/imports-usd#:~:text=Imports%20are %20defined%20as%20goods,the%20keystone%20of%20foreign%20trade. https://www.thebalance.com/exports-definition-examples-effect-on-economy- https://www.investopedia.com/insights/exploring-current-account-in-balance-of-payments/ https://www.investopedia.com/terms/h/human-development-index-hdi.asp
