How Long to Read Monitoring the GDP Growth of Your Country, State Or Region

How Long Does it Take to Read Monitoring the GDP Growth of Your Country, State Or Region?

It takes the average reader 1 hour and 17 minutes to read Monitoring the GDP Growth of Your Country, State Or Region by Clifton Chambers

Assuming a reading speed of 250 words per minute. Learn more

Description

A key goal of every economy is to achieve its forecast or projected GDP growth, as there are likely negative consequences, such as a reduction in government spending and or higher taxes and or borrowing than originally planned, if the forecast GDP growth is is not achieved. Achieving the projected GDP growth however, depends to a very high degree, on whether the sizes of at least three of the actual GDP growth rates are equal to, or exceed certain minimum values, as well as indicating a trend. Additionally, if an economy forecasts a GDP contraction, it is important that any actual GDP contraction(s) does/do not exceed certain maximum value(s). This book explains and explores what the minimum and maximum values are, introduces a simple Excel application to automatically generate them and shows how they can be used to guide economies in achieving their forecast GDP growth, among other things. You will be able to: Easily use the free Excel application to facilitate the monitoring GDP growth Identify the 4 main scenarios favorable to achieving the projected GDP growth Identify the 3 main scenarios unfavorable to achieving the projected GDP growth Monitor and assess data related to a favorable or an unfavorable scenario and make a prediction on the likelihood of the achievement of the relevant forecast GDP growth Monitor and assess, then predict the likelihood of Jamaica achieving the 5% GDP growth in 4 years (Jamaica Observer , 2018) (case study) Use the IMF's GDP growth forecast (2019 - 2021) (International Monetary Fund, 2020 a) (pre-covid-19) for the US as well as the BEA's actual GDP growth for 2019 (Bureau of Economic Analysis, 2020) to monitor and assess, then predict how likely the target growth of 1.7% in 2021 would have been Use the IMF's world GDP forecast (International Monetary Fund, 2020 b) (pre-covid-19) for 2019-2021 to make preliminary assessment on whether the target growth of 3.4% in 2021 would have been likely to be achieved Make a revised target GDP growth if the initial target growth of 3.4% was not likely to be achieved. Demonstrate how stakeholder agencies who make GDP growth forecasts, can use the Excel application to improve their GDP growth projections In a recession, know what are the initial steps that must be taken before you begin to monitor and assess then make prediction on whether the forecast GDP contraction or growth will be achieved Further enhance your analytical skills by making recommendations about GDP growth and or contraction of the US economy for 2020 based on (1) the IMF's initial revised GDP contraction of 5.9% for 2020 (International Monetary Fund, 2020 c) and (2) the IMF's second revised GDP contraction of 8% for 2020 (International Monetary Fund, 2020 d) Note: Precovid-19 figures are important not only for learning purposes but are applicable to normal economic times. For transparency and accountability, Appendices 1 and 2 show the results generated by the excel application are equal to those obtained manually, using the future value formula and a scientific calculator. The Excel application is free with the ownership of this book. About the Author Clifton Chambers is the author of the book Monitoring the GDP Growth of Your Country, State or Region. He graduated from the University of the West Indies (UWI), Mona, Jamaica with a bachelor's degree in Computer Studies and is currently an ACCA Level III Student. Clifton likes to relax with music and his friends.

How long is Monitoring the GDP Growth of Your Country, State Or Region?

Monitoring the GDP Growth of Your Country, State Or Region by Clifton Chambers is 76 pages long, and a total of 19,456 words.

This makes it 26% the length of the average book. It also has 24% more words than the average book.

How Long Does it Take to Read Monitoring the GDP Growth of Your Country, State Or Region Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 46 minutes to read Monitoring the GDP Growth of Your Country, State Or Region aloud.

What Reading Level is Monitoring the GDP Growth of Your Country, State Or Region?

Monitoring the GDP Growth of Your Country, State Or Region is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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