internet and GDP.edited.docx - Introduction The internet is...

This preview shows page 1 - 2 out of 4 pages.

Introduction The internet is a global network that provides communication and a variety of information consisting of interconnected networks whose communication protocols are standardized. Gross Domestic Product is the value of everything produced by either residents or industries of a country. Despite whether an individual is a citizen or a foreigner, as long as the person is located within the country`s boundaries, the government calculates its production as a Gross Domestic Value. The common types of GDP commonly used to measure a country`s economy are the nominal GDP, which is a raw measurement that calculates the increase in prices and the real GDP, which compares economic output between different years. The GDP directly impacts on an individual`s personal finance, job growth, and investment. Investors use the growth rate to make decisions relating to the allocation of assets. A slow rate of growth normally leads to unemployment and layoffs. The internet is changing the way human beings interact, work, organize the flow of ideas, and share information. Apparently, the magnitude of the transformation is underappreciated. Internet accounts for 20% of the growth of GDP in countries with matured economies. Effect of the Internet on US GDP Earlier on, only a few college students could access Facebook unlike presently where more than 800 million students in access it. Currently, leading firms use the internet to share information and update their pages. Not only have national economies and larger enterprise
Image of page 1

Subscribe to view the full document.

Image of page 2
  • Spring '16
  • Economy of the United States, gross domestic product, US Internet Sector, Internet industries

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern