Economic Health Of Oregon By Looking At Gross State...

The three most important indicators of economic health are output, employment and inflation. Output is one of the indicators because if a country is producing more output, then less people would be unemployed which leads to a healthier economy. Employment contributes to the indication of economic health because when more people are employed then more output can be produced contributing to Gross State Product. Inflation is an indication because it determines how much real value is being lost(Graham). In this paper I will analytically discuss the economic health of Oregon by looking at its Gross State Product, unemployment and cost of living. Gross State Product(GSP) is the total dollar value of all final output produced within a state in a certain time period, usually one year (Schiller). The aspects that contribute to a state’s GSP are all private and public consumption, government spending, investment and exports minus imports that occur within the states borders. GDP reflec ts the valued added for products instead of the total value so that the GDP is accurate (â€Å"Gross Domestic Product†). Unemployment is the inability of the labor force to find work and this contributes to the health of the economy. The cost of living The current level of real GSP in Oregon is 199,393 millions of chained dollars. The one year change in GSP from 2014-2015 was 7775 millions of chained dollars. The change of 7775 millions of chain dollars is a big increase and is a sign that the OregonShow MoreRelatedColumbia Sportswear Valuation5051 Words   |  21 Pagesoutdoor apparel, footwear, accessories and equipment under four primary brands: Columbia ®, Mountain Hardwear ®, Sorel ® and Montrail ®. With annual revenues of $1.694 billion (2011), Columbia is headquartered in Portland, Oregon, with offices and support centers throughout the United States, Europe, and Asia. As of December 31, 2011, the company employed approximately 3,600 people worldwide. 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