global GDP (constant $US2010) grew at 3.5%/year from 1960–2014, while CO2 emissions grew at 2.5%/year on average (World Bank 2019a);
Tatsächlich wuchs die Wirtschaft zwischen 1960 und 2014 etwas stärker als die CO<sub>2</sub>-Emissionen, wobei sich die beiden Kurven aber nach 2000 einander annäherten. In dieser Zeit wuchsen Wirtschaft und Emissionen um duchschnittlich 2,8%.
continued growth allows us to take into account planetary limits
creating a new tag
By summing together these costs, the overall estimate is that in 2015, child-hood poverty in the United States was costing the nation $1.03 trillion a year.This number represented 5.4 percent of the U.S. annual GDP.The bottom line is that child poverty represents a significant economicburden to the United States.
going beyond gdp as a measure of well-being and progress is a key aspect of the shift that is required which you've noted well in the report
In other words, as per Stop Reset Go, we need to define a global, open WEALTH-2-WELLTH movement. Wealth is merely a subset of Wellth. We need wellth indicators, wealth indicators alone are insufficient to indicate holistic wellbeing.
PsyArXiv Preprints | Openness to Experience Relates to COVID-19 Vaccination Rates across 48 United States. (n.d.). Retrieved March 21, 2022, from https://psyarxiv.com/n34t8/
Singh, K., Lima, G., Cha, M., Cha, C., Kulshrestha, J., Ahn, Y.-Y., & Varol, O. (2022). Misinformation, believability, and vaccine acceptance over 40 countries: Takeaways from the initial phase of the COVID-19 infodemic. PLOS ONE, 17(2), e0263381. https://doi.org/10.1371/journal.pone.0263381
India’s GDP growth rate will be 9.2% in FY22. In FY21 it was 7.3%.
fiscal deficit as a percentage of GDP rose to 9.5% in 2021–22 (revised estimates)
Many studies have been undertaken on the value of unpaid domestic and care work, which is also non-market, non-transactional and not included in formal economic accounts. Similarly, the unpaid care work for the wider community is missing off the balance sheet. Both are essential for the functioning of the economy that is counted.In Australia, this was estimated to be almost half of the country’s GDP, with those statistics from over twenty years ago. More recent statistics for the state of Victoria reveal a similar picture.
These studies illustrate the huge under appreciation of the value contribution of the commons and work not showing up on GDP, the dark matter of GDP.
Vaccine inequality will cost money as well as lives. (2021, August 30). The Economist. https://www.economist.com/graphic-detail/2021/08/30/vaccine-inequality-will-cost-money-as-well-as-lives
Note also: this incentive is in fact far more hard-headed than any metric of hedonic economism—such as GDP, which is measuring the amount of desire satisfied by the productive sector. At best GDP is a revenue metric. A prudent manager will manage an enterprise to maximize capital and profit, not revenue.
Also agreed; measures how much, not how well
time as the new currency
Women tend to be excluded from the national economy because their work is not paid and therefore not value or factored into the Gross Domestic Product of a nation. Money, then, is a mechanism for disempowerment.
The 2016 presidential race had signaled as much. Donald Trump carried 2,584 counties across the country, but calculations by scholars at the Brookings Institution showed that the 472 counties Hillary Clinton carried accounted for nearly two-thirds of U.S. economic output.
Hillary Clinton: 472 counties = 64% US GDP
Donald Trump: 2584 counties = 36% US GDP
districts won by Democrats account for 61 percent of America's gross domestic product, districts won by Republicans 38 percent.
Pancevski, B. (2020, December 6). Long a Holdout From Covid-19 Restrictions, Sweden Ends Its Pandemic Experiment. Wall Street Journal. https://www.wsj.com/articles/long-a-holdout-from-covid-19-restrictions-sweden-ends-its-pandemic-experiment-11607261658
GDP & main components pin EU countries.
GDP main aggregates and employment estimates for the second quarter of 2020: GDP down by 11.8% and employment down by 2.9% in the euro area. (n.d.). Retrieved September 9, 2020, from https://ec.europa.eu/eurostat/web/products-press-releases/-/2-08092020-AP
GDP and employment flash estimates for the second quarter of 2020: GDP down by 12.1% and employment down by 2.8% in the euro area. (n.d.). Retrieved August 29, 2020, from https://ec.europa.eu/eurostat/web/products-press-releases/-/2-14082020-AP
Auerbach, A. J., Gorodnichenko, Y., & Murphy, D. (2020). Fiscal Policy and COVID19 Restrictions in a Demand-Determined Economy (Working Paper No. 27366; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27366
Aum, S., Lee, S. Y. (Tim), & Shin, Y. (2020). Inequality of Fear and Self-Quarantine: Is There a Trade-off between GDP and Public Health? (Working Paper No. 27100; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27100
Baqaee, D., & Farhi, E. (2020). Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis (Working Paper No. 27152; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27152
Bonadio, B., Huo, Z., Levchenko, A. A., & Pandalai-Nayar, N. (2020). Global Supply Chains in the Pandemic (Working Paper No. 27224; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27224
COVID-19: Which countries rely the most on travel and tourism? | World Economic Forum. (n.d.). Retrieved 10 August 2020, from https://www.weforum.org/agenda/2020/07/coronavirus-covid19-travel-tourism-gdp-economics
Altig, D., Baker, S. R., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B. H., Mihaylov, E., Mizen, P., Parker, N. B., Renault, T., Smietanka, P., & Thwaites, G. (2020). Economic Uncertainty Before and During the COVID-19 Pandemic (Working Paper No. 27418; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27418
Baker, S. R., Bloom, N., Davis, S. J., & Terry, S. J. (2020). COVID-Induced Economic Uncertainty (Working Paper No. 26983; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w26983
MikeFarb on Twitter: “What the he’ll is going on in the Stock Market. GDP dropped by 32.9%(a disastrous number)and over the last 3 trading days the NASDAQ is up over 300 Points! Never mind the Pandemic and Rampant Unemployment. https://t.co/e6aK5qJ5Lt” / Twitter. (n.d.). Twitter. Retrieved August 4, 2020, from https://twitter.com/mikefarb1/status/1289524802550546432
Lockdown Accounting. COVID-19 and the Labor Market. (n.d.). IZA – Institute of Labor Economics. Retrieved August 1, 2020, from https://covid-19.iza.org/publications/dp13397/
U.S. Economy Shrinks at Record 32.9% Pace in Second Quarter. (2020, July 30). Bloomberg.Com. https://www.bloomberg.com/news/articles/2020-07-30/u-s-economy-shrinks-at-record-32-9-pace-in-second-quarter
How Europe can emerge stronger out of the coronavirus crisis. (n.d.). World Economic Forum. Retrieved 25 July 2020, from https://www.weforum.org/agenda/2020/07/resilient-european-economy/
Pichler, Anton, Marco Pangallo, R. Maria del Rio-Chanona, François Lafond, and J. Doyne Farmer. “Production Networks and Epidemic Spreading: How to Restart the UK Economy?” ArXiv:2005.10585 [Physics, q-Fin], May 21, 2020. http://arxiv.org/abs/2005.10585.
Rotman, D. (2020 April 8). Stop covid or save the economy? We can do both. MIT Technology Review. https://www.technologyreview.com/2020/04/08/998785/stop-covid-or-save-the-economy-we-can-do-both/
In some, their spending on goods and services as well as on transfers like unemployment benefits and pensions, accounts for more than half of GDP.
What is the government's proportion of the US GDP presently?