Lesson summary: The limitations of GDP

Buddhism ascribes to a karmic system of rebirth. While it may suggest population density, it does not provide density figures. Electricity - from other renewable sources. The 17 key policy areas for developed and developing nations alike have been ratified which address human well-being while consciously managing the impacts of society on the environment for the sake of future generations.

There are, of course, drawbacks to using GDP as an indicator. Overall, real GDP is a much better index for expressing long-term national economic performance. Although many figures are released monthly, many important indicators are released on a quarterly basis, such as GDP gross domestic product.

As fertility levels decline, the dependency ratio initially falls because the proportion of youths decreases while the proportion of the population of working age increases. An urban agglomeration is defined as comprising the city or town proper and also the suburban fringe or thickly settled territory lying outside of, but adjacent to, the boundaries of the city.

The entry includes the number of ships on the high seas or in territorial waters that were boarded or attacked by pirates, and the number of crewmen abducted or killed, as compiled by the International Maritime Bureau.

This entry gives the required ages for voluntary or conscript military service and the length of service obligation.

Major infectious diseases. A large discrepancy between a nation's real and nominal GDP signifies significant inflationary forces if the nominal is higher or deflationary forces if the real is higher in its economy. This entry includes a definition of literacy and Census Bureau percentages for the total population , males , and females.

This notion has been squarely knocked on the head by French economist Thomas Piketty, whose book Capital in the 21st Century, sparked an international discourse on growing wealth inequality. Airports - with paved runways. This entry provides the distribution of the population according to age. Contact the Office of Inspector General. You sold 5 more paintings this year. Suit argues Hoda Muthana is an American citizen and should be allowed to return but U. The only drawback to using a Federal Reserve database is a lack of updating in GDP data and an absence of data for certain countries.

This entry lists the percentage distribution of the labor force by sector of occupation. The equation used to calculate GDP is as follows: The Spanish Civil Code reflects a complex mixture of customary, Roman, Napoleonic, local, and modern codified law. This entry includes the chief of mission , embassy address, mailing address , telephone number, FAX number, branch office locations, consulate general locations, and consulate locations.

This entry includes a wide variety of situations that range from traditional bilateral boundary disputes to unilateral claims of one sort or another. Tani Shaw , University of Technology Sydney.

Why GDP fails as a measure of well-being - CBS News

Confederacy Confederation - a union by compact or treaty between states, provinces, or territories, that creates a central government with limited powers; the constituent entities retain supreme authority over all matters except those delegated to the central government. Where appropriate, summaries are composed from English-language translations of non-English constitutions, which derive from official or non-official translations or machine translators. Major urban areas - population.

This information is presented in Appendix F: Piracy is defined by the United Nations Convention on the Law of the Sea as any illegal act of violence, detention, or depredation directed against a ship, aircraft, persons, or property in a place outside the jurisdiction of any State.