GDP

Okun’s Law

19th July 2019

Okun’s Law There is an inverse relationship between Gross Domestic Product (GDP) growth and unemployment. To be specific according to Professor Okun’s original research, “a 3% increase in real GDP leads to a 1% point decrease in unemployment rate.”  The law was later updated to read, “a 2% output growth leads to a 1% decrease […]

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How much is your county contributing towards national GDP?

19th February 2019

How much is your county contributing towards national GDP? Read More: Mombasa County financial performance during first quarter FY 2018/2019   Sharing is Caring:0

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Gross Domestic Product (GDP) is a political Tool

19th October 2017

Gross Domestic Product (GDP) is a political Tool Diane Coyle published a great article on Quarterly Journal of Austrian Economics arguing that Gross Domestic Product (GDP) is still a superior method of measuring a nation’s macroeconomic health. GDP serves the interests of politicians to the core. Consider for example a recent case where USA president […]

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India becomes world’s 5th largest economy!!!

13th January 2017

Britain is struggling with a depreciating pound sterling after the Brexit. On the other hand, India is rapidly growing since the time when it adopted economic liberalization back in 1991. These two countries have swapped positions in the global economic rankings. It is impressive that India has a strong economy that her colonial master in […]

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