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    Diskusi 4 Bahasa Inggris Niaga

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    1. GDP is a measure of the total value of goods and services produced in a country over a period of time. It represents the total income received by all factors of production, including wages and salaries, profits, rents, and interest. While GDP per capita provides information about average income, it does not fully reflect people's welfare as many individuals earn below the average. 2. The creator of GDP, Simon Kuznets, did not intend for it to be used as a welfare indicator on its own. Several economists have proposed alternative measures that better capture dimensions like happiness, well-being, and success. Countries like Thailand and Bhutan use broader happiness indexes rather than solely relying on GDP. 3. The document

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    Diskusi 4 Bahasa Inggris Niaga

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    1. GDP is a measure of the total value of goods and services produced in a country over a period of time. It represents the total income received by all factors of production, including wages and salaries, profits, rents, and interest. While GDP per capita provides information about average income, it does not fully reflect people's welfare as many individuals earn below the average. 2. The creator of GDP, Simon Kuznets, did not intend for it to be used as a welfare indicator on its own. Several economists have proposed alternative measures that better capture dimensions like happiness, well-being, and success. Countries like Thailand and Bhutan use broader happiness indexes rather than solely relying on GDP. 3. The document

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    1. GDP is a measure of the total value of goods and services produced in a country over a period of time. It represents the total income received by all factors of production, including wages and salaries, profits, rents, and interest. While GDP per capita provides information about average income, it does not fully reflect people's welfare as many individuals earn below the average. 2. The creator of GDP, Simon Kuznets, did not intend for it to be used as a welfare indicator on its own. Several economists have proposed alternative measures that better capture dimensions like happiness, well-being, and success. Countries like Thailand and Bhutan use broader happiness indexes rather than solely relying on GDP. 3. The document

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    43 views2 pages

    Diskusi 4 Bahasa Inggris Niaga

    Uploaded by

    RezyNa Channel
    1. GDP is a measure of the total value of goods and services produced in a country over a period of time. It represents the total income received by all factors of production, including wages and salaries, profits, rents, and interest. While GDP per capita provides information about average income, it does not fully reflect people's welfare as many individuals earn below the average. 2. The creator of GDP, Simon Kuznets, did not intend for it to be used as a welfare indicator on its own. Several economists have proposed alternative measures that better capture dimensions like happiness, well-being, and success. Countries like Thailand and Bhutan use broader happiness indexes rather than solely relying on GDP. 3. The document

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    © All Rights Reserved
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    1. GDP is basically the amount of added value generated by all business units in a country.

    Or is the total value of the final goods and services produced by all economic units. In
    short, GDP is one method for calculating national income. GDP is the amount of
    remuneration received by the factors of production that participate in the production
    process in a country within a certain period of time. Remuneration for factors of
    production in question are wages and salaries, land rent, capital interest and profits. All
    before deducting income tax and direct taxes. Here, GDP includes depreciation and net
    indirect taxes.
    2. If we consider our daily intuition, it seems that the GDP per capita figure does not really
    describe the state of the people's welfare. For example, if it is said that the average
    income of a person/family in Indonesia is IDR 4.9 million per month (GDP), in fact there
    are many people whose income is far below that figure. For example, the Central
    Statistics Agency (BPS) still records that more than 24 million Indonesian citizens are
    below the poverty line (earning less than IDR 401,220 a month). Therefore, GDP cannot
    be used to measure people's welfare in absolute terms. In fact, for the creator of GDP,
    Simon Kuznets, GDP is simply not available to be used as an indicator of welfare. For
    him, GDP is GDP. In fact, Kuznets himself is worried that the national income balance
    tool he has made, including GDP, is used as a tool to measure the level of people's
    welfare. On the basis of the same considerations, several economists have recently
    formulated tools other than GDP to measure the level of welfare. For example, Amartya
    Sen proposed a capability instrument to measure the level of happiness of the people of
    a country. Thailand and Bhutan are also listed as countries that use the Happiness Index
    to measure welfare, not solely by means of GDP. In fact, Canada uses the Welfare Index
    specifically to measure the success of its economic development.
    3. a. For a strategy to strengthen the trade balance, the government will increase exports
    through the development of export-oriented horticulture and accelerate international
    negotiations. In addition, the Government has also reduced dependence on imports
    through SOE synergies in accelerating the mandatory 30% Biodiesel (B30), restructuring
    PT Tuban Petrochemical Industries (TPI) / and its subsidiary PT Trans Pacific
    Petrochemical Indotama (TPPI), as well as developing coal gasification businesses.
    b. In terms of strengthening domestic demand, the Government will increase public
    consumption through the People's Business Credit (KUR) policy, the application of Pre-
    Employment Cards, and the ease of Halal Certification for Micro and Small Enterprises
    (UMK). Then, to increase government consumption, it will be carried out by
    accelerating and expanding the digitization of regional transactions.
    “Then the most important thing is to increase investment. We will pursue it with the
    Omnibus Law on Job Creation; improvement of the employment ecosystem;
    acceleration of completion and determination of RT/RW and Regency/City Detailed
    Spatial Planning (RDTR); and accelerate the implementation of land acquisition," said
    Coordinating Minister for Economic Affairs (Coordinating Minister for the Economy)
    Airlangga Hartarto at the 2020 Economic Outlook and Government Policy Strategy,
    Friday (20/12) at the Coordinating Ministry for the Economy, Jakarta.
    c. For structural transformation, it is carried out through revitalization of the
    manufacturing industry, transformation of the service sector, transformation of
    agriculture, sustainable infrastructure development, and downstream mining.
    "The related Quick Wins programs include the development of pharmaceutical industry
    R&D, business development and green energy research and catalysts, technology-based
    agricultural partnerships, agricultural insurance development, development of the
    Batam, Bintan, Karimun and Tanjung Pinang areas".

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