Overview of the ten largest economies in the world

The gross domestic product (GDP) measures the income and output for the economy of a country. World GDP is estimated at 65.61 trillion dollars from the CIA World Factbook (2007). Another comparative measure of wealth is the power parities (PPP). And 'the relative value of both currencies.

Taking into account a comprehensive view of the world's largest economies, the United States is by far the largest economy with a GDP of 13.812 billion dollars. This explainsat least twenty-five per cent of GDP in the world. Throughout the twentieth century, America is the dominant economy in the world.

Secondly, is China, one of the most dynamic economies. In terms of purchasing power parity, we are talking about 7.055 billion U.S. dollars. China's GDP was 3.281 billion U.S. dollars. Economists say that China could overtake the United States as the largest economy in the world in a few decades.

The World Bank Japan third in terms of purchasePPPs. The country's annual per capita income of $ 37,670, the largest number 25 of the world. The GDP of 4.377 trillion dollars.

Forth largest economy in the world is India, with a parity of purchasing power of 2.965 billion dollars. The annual income per capita of India is very low: about $ 1000, but is a rapidly growing economy. A little over two per cent of world GDP accounted for India: 54.347 billion U.S. dollars.

Germany is also the five largest economies in the world, being theEurope's largest. The country has a strong technology base. Germany is the twenty-third to the world in terms of income per capita: $ 38,860. PPP GDP is 2.833 billion dollars, increasing by more than 2% in 2007.

The United Kingdom is the second largest European economy, and the sixth largest in the world. At constant power is 2.147 billion dollars. Since the income per capita, the German people are very rich, with an income of $ 42,740.

During the last decade, the anxietyRussia has been evolving. Now is the seventh largest economic power, with a PPP of 2.076 billion dollars. Prime Minister Igor Shuvalov has high hopes, saying that Russia will become the sixth largest economy in the world at the end of 2008.

Have equal purchasing power of 2.067 billion U.S. dollars, France is the eighth place among the largest economies in the world. Per capita income is about $ 38,500, making the French 24th richest person in the world.

Ninththe place is Brazil, with a parity of purchasing power of 1.836 billion, according to estimates, in 2007. Countries with economies of Brazil and other countries of South America.

Italy is also a world economy in general in tenth place with 1,800 miliardi PPP. Italians are also very rich, their income per capita is $ 33,500 which, like the United Kingdom and France. During the last decade, Italy has a restrictive budget policy.

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How to reduce debt and save money in times of recession

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The cost of living is increasing in the United States. Now more than ever, it is important to begin to reduce debt as much as possible and save where possible.

INFLATION MONEY Magazine Article

In Money Magazine this month, there was an interesting article titled "Inflation Survival: The Ultimate Guide." Here are some interesting statistics in this article.

The cost to fill his ChevyTrailblazer is almost $ 90.00. It is about 20% more than what happened this time last year.
The price of a pack of hot dogs is almost 7% more than it did a year ago.
The eggs are 30%.

What the beginning of this article is to describe, is that our cost of living is rising. Inflation is a normal part of the economy. Over time, there are periods where inflation is higher than others. In our current situation, inflation is also closelywith a decrease in the strength of oil prices in dollars and growing. This makes the small increase in inflation appears to be significantly higher due to external forces.

What can you do to help offset rising costs?

Decrease in debt - interest is a real murderess in difficult times. The least amount of debt that can get away ... the best. This may mean that you go without some items that are "used" to have, but in the long ... youis much better prepared for the vagaries of the economy.

Reductions in the areas of your life - in these moments can be cut items that are not needed. Several examples are:

Eating once a week instead of times
Close to home for the holidays to offset the costs of transport
The labeling of foods, rather than brand

Look for the savings in the articles should have - a great way to reduce gas costs and save time and shopmore in line for items you need on a daily basis.

The work that is put out now will make for greater things in future. For most of you have not noticed, things are going better now ... getting worse. spare no effort to future performance.

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As the current economic situation affecting the main road?

Wall Street and around New York City, New Jersey and Connecticut (the Tri-State area) suffer from the current financial crisis. Business bankruptcies and mergers, which activate the downsizing, there are the losses of jobs. Number of vacancies and the housing market is less than that of the houses are sold when employees leave the area. Local restaurants, laundries, pet shops and other small businesses losing customerscould force them to close. These companies are strong beyond belief, but I predict that the victims as a result of financial recovery.

If you live outside the Tri-State territory, what impact do you feel?

1) Your bank could a new name, before the end of the year, but the money should be safe. Accounts that are insured by the FDIC up to $ 100,000 are safe up to $ 250,000 per depositor per bank.

2) The balance of your retirement plan seems insufficient towill guide you through the golden years. If history is a good indicator, recall their courage and hope you have enough time to do it again. diversification of their investment will be important for recovery.

3) The value of your home has probably decreased from the values of which occurred just a year ago.

a) If your home for a long period and have not decreased significantly in equity, should not feel the financial bite. I wouldmore money if you sell the house to its maximum value, but if you decide not to sell, how much care?

b) If you recently purchased your home and take a large loan or an adjustable rate mortgage, you feel pain. The rescue plan signed into law October 3, 2008 provides options for changing conditions of the loan, refinancing, or avoid bankruptcy, but we have all the details yet.

4) The loans to buy a home will be more difficult forbit 'of time until the market stabilizes. The pendulum of easy credit has moved in the opposite direction, and the subscription has risen to be too lax for too stringent.

If the local economy is stable growth and employment, the impact will be minimal, but you will notice the difference. A real estate agent in Southwest Virginia, has accused the pessimism in the media. "The market would immediately improve if the people of paper and turn off the television," said BarryBridges Bridges and Society in Roanoke, Virginia. I think I agree with him.

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Just change - DAP 2008 Election Campaign Song

Lyrics: Tony Pua Malaysia Just change for Malaysia Just change the only change for change will only come to see the sun, with all races stand as a group that performs together, as in the past Together we are fighting for change only in Malaysia Just change for Malaysia Just change we will go just to see to stop the exodus of crimes against Corruption Sun stupid that inflation will end the pain site also tame TogetherJust go back to Italy Just change for Malaysia to change only the biggest changes will come only to see the sun we will fight for our rights to be free for a fair trial to defend, leaders must be a proof of integrity (Forever) Malaysia deals first place (and) will never be forced (remember) if we vote wisely (together) Let's Make History (each of us must make that change) Just change for Malaysia Just change for Malaysia only change others just never changeJust run the exchange for Malaysia Just change for Malaysia Just change we will go only to see the sun, which changes ...

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12/13/2007- Ron Paul Supporters Peter Schiff on Open Exchange

Formore information visit www.phildecarolis.com Peter Schiff, Ron Paul, the American economy and its effects on real estate. If you are interested in buying the bank owned by Southern California to wholesale prices that are 30-50% below market please contact me via e-mail to Info@phildecarolis.com, by phone at (909) 910-9618 or sign up for my weekly newsletter, which often include possible discount price.

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The current state employee sponsored health

According to a survey by the Agency for Healthcare Research and Quality, the number of tenders for private health insurance has increased, but because of strict eligibility rate of enrollment for health insurance sponsored by their employer decreased. Conclusions of the study also suggests that the main reason for the decline in registration can not be only the stringent criteria, but the current trends in exchange for care for a spouse. Other factors contributing to Maydeclining enrollment, including increasing premiums, expanding Medicaid and rising inflation.

Company Size: Small vs. Large

The same study showed the impact of the supply function of firm size. It was found that nearly 98 percent of people who work in a company with 50 or more employees offered some type of health insurance for your business. The trend has decreased significantly with firm size. Only 64 percent of small businesses, with 50or fewer workers offer health insurance to their workers. Small businesses say that workers have other ways to obtain health insurance because it is not economically viable business that offers health coverage. These trends in society on a health insurance program does not necessarily mean that the employees of large companies are very happy.

It should be noted that large companies do not offer health insurance, but that's another thing, if workers are able tocompensation costs. In 2001 there were approximately 32 percent of the employees of the U.S. workforce who work for companies with over 500 entrepreneurs, but remained uninsured. A study conducted by Common Wealth Fund in October 2003 proved that these workers are uninsured without insurance due to the decrease of manufacturing jobs and the decline of union power. It is now a common fact that workers in companies large and small are feeling the impact of health spending, regardless of their socialstate.

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