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Heat Map of Worldwide GDP Real Growth Rate 2007

Heat Map of Worldwide GDP Real Growth Rate 2007

Data source: 2007 CIA World Fact Book

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Heat Map of Worldwide GDP (PPP) Per Capita 2008

Heat Map of Worldwide GDP (PPP) Per Capita 2008

Data source: 2008 CIA World Fact Book

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Law of Diminishing Marginal Utility

Law of Diminishing Marginal Utility

Q – quantity of good
TU – total utility
MU – marginal utility (ΔTU)

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The Macroeconomics Circulation Flowchart

From a macroeconomic perspective, households, government and firms (corporations) are the 3 fundamental players of money and resources. This flowchart diagram below illustrates how they interact and exchange resources.

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Circular flow of income

Firms and households interact and exchange resources in the big Circular Flow of Income illustrated by the diagram below.

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2007 GDP Nominal Per Capita World Map (IMF)

2007 GDP Nominal Per Capita World Map

Data source: International Monetary Fund

2007 GDP Nominal Per Capita World Map (IMF)

Who gives transfer payments?

Transfer payments are given by government of various levels to under-privileged society members like unemployed workers, the elderly who’s unable to maintain a decent life by inability to work and such.

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Current GDP, GNP of United States and other countries

As of the most up to date data from authoritative sources such as International Monetary Fund, World Bank and CIA World Fact Book, below is the worldwide nations ranked by GDP. United States is ranked second immediately after EU with a GDP of more than 13,000 billions in 2007. Read the rest of this entry »

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