Global Warming and how it effects he world in a negative way and how Essay

Global Warming and how it effects he world in a negative way and how it must be stopped - Essay Example The outcomes are very severe like those of glacier’s melting as the internal environment of the globe heats up, which can cause an increase in sea level which would eventually be disastrous for coastal cities round the globe. The Intergovernmental Panel on Climate Change’s Third Assessment Report projected various emission outcomes, under which North America, over the next century could warm at 1-3˚C in under low emissions, or 3.5-7.5˚C in a high emissions scenario (Gupta 41). Every other country is suffering from the effects of global warming and it has become a big environment opponent. But a big issue in stopping global warming is that the emission of carbon dioxide guaranty increased economic activity and hence, it cannot be slowed down or diminished completely. A wise solution is that ethanol must be used in automobiles as a fuel since it is renewable and does not cause as much green house effect as caused by burning of other fossil fuels. No doubt the concep t of global warming swallowing the whole earth has greatly mobilized the people and they are trying any possible means to reduce its effect like performing recycling and using alternative fuels (ethanol fuel

Gross Domestic Product of the United States in 2009 Research Paper

Gross Domestic Product of the United States in 2009 - Research Paper Example The research "Gross Domestic Product of the United States in 2009" examines how this year’s GDP compares with last year’s GDP both in real and nominal terms. Moreover, based on the limitations of national accounting it is discussed whether GDP provides valuable information for measuring economic activity over time. The table in appendix 1 shows the nominal GDP in billion dollar terms, its annual growth rate, GDP deflator with base year 2005=100, real GDP in billion dollar terms and its growth rate from 1950 to 2009.Real GDP is calculated as the ratio of nominal GDP to GDP deflator. The whole data is collected from the Federal Reserve Bank of St: Louis Economics Research Section. The table shows that both real and nominal GDP have been decelerating at annual growth rate of 1.74 percent and 2.6 percent respectively. 9 big expansions and 10 big recessions can be seen for nominal GDP from figure1. 13 big expansions can be seen from the above figure3. 9 recessions can be counted. The growth has been more or less stable in the last 20 years as compared to 1960-1990 since the peaks and troughs are comparatively low in this period. Figure 2 and figure 4 shows the forecasts for nominal GDP and real GDP growth till 2015. They show highly decelerating growth rates of -2 and -4 percentage respectively for real and nominal GDP growth rates. Though the national accounts system and GDP statistics in USA have been considered as the most developed in the world, many economists have raised serious objections regarding treating GDP as an appropriate measure of economic activity over time.