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If you throw all the products we buy and the services we use in one basket, then add up the price tag, that's the Gross Domestic Product, which is the primary metric economists use to assess the economic health of a country or region.
The easy part of calculating GDP is the calculation itself: C+I+G+(X-M)=GDP. Got it? No? Well, add Consumption, Investment by companies, Government purchases, and then take the product of eXports (calling it 'E' would lack sexiness) minus iMports ('I' was taken). Viola! GDP.
Still don't get it? Well, knowing the components helps. Consumption is the biggest component, and it's a tally of the cost of all the goods and services we buy. Investment is what companies spend on the real assets they own, plus the value of the inventory that we haven't gobbled up through consumption. Government purchases are what the Feds pay money for (whether it be highways or fighter jets, though big social programs, like welfare, aren't counted). And then we calculate the difference between the goods and services we¿re sending to other countries and the stuff we're bringing in.
Good. That explains it, except there's a catch. Inflation has a habit of distorting the numbers, so economists talk about either Nominal GDP or Real GDP. In fact, Real GDP isn't necessarily "real" for most folks, since it takes any inflation out. Nominal GDP includes the effects of inflation. (There's something called the implicit price deflator which is a calculation using the two, but we'll spare you the details.)
So, now that we know GDP, why do we want to? Well, it's good to compare different markets. And watching the trend shows whether a given economy is growing (good), stagnating (not so good), or shrinking (very not so good). When GDP goes down two quarters in a row, we're officially in a recession.
For the record, GDP is released at the end of each month, with most reporting ¿preliminary¿ data for the previous month. But you won't get final GDP numbers for the fourth quarter of a year until the very end of the first quarter of the next year. After all, it's not an easy number to calculate.
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Friday, July 04, 2008
Be the First to See Journey to the Center of the Earth 3D in Digital 3D at Cineplex Entertainment Theatres
Comtex
TORONTO, ONTARIO, Jul 04, 2008 (MARKET WIRE via COMTEX) ----Advance tickets are now available at select Cineplex Entertainment (TSX: CGX.UN) theatres for the first summer film available in digital 3D Journey to the Center of the Earth 3D, which opens in wide release on Friday July 11, 2008. Advance tickets can be purchased online at www.cineplex.com, on your mobile phone and at participating Cineplex Entertainment theatre box offices (see list below).
"Cineplex Entertainment is very pleased to offer our guests across the country the opportunity to be amongst the first to see Journey to the Center of the Earth 3D," said Pat Marshall, Vice-President, Communications and Investor Relations for Cineplex Entertainment. "With 41 Real D 3D systems strategically installed across the country, guests can now enjoy the completely immersive experience that 3D technology provides."
Cineplex Entertainment added 41 digital projection systems enhanced with Real D 3D technology to select theatres across the country in time for guests to enjoy the release of Journey to the Center of the Earth 3D. Other 3D movies scheduled to be released this year include Fly Me to the Moon in August, Nightmare Before Christmas in 3D in October and Bolt in November. In 2009, there are 11 3D movies scheduled for release including the highly anticipated Monsters vs. Alien, Ice Age 3 and Avatar.
Cineplex Entertainment will present Journey to the Center of the Earth 3D at the following select theatres throughout Canada:
BRITISH COLUMBIA Colossus Langley Cinemas Galaxy Cinemas Nanaimo 20090 91A Avenue 213-4750 Rutherford Road Langley, BC Nanaimo, BC SilverCity Coquitlam Cinemas SilverCity Victoria Cinemas 170 Schoolhouse Street 3130 Tillicum Road Coquitlam, BC Victoria, BC SilverCity Metropolis Cinemas 4700 Kingsway Ave Burnaby, BC ALBERTA Scotiabank Theatre Chinook Galaxy Cinemas Red Deer 6455 MacLeod Trail SW 357-374000 Highway 2 Calgary, AB Red Deer, AB Cineplex Odeon South Edmonton Cineplex Odeon Sunridge Spectrum Cinemas Cinemas 1525-99th Street 400-2555 32nd Street Edmonton, AB Calgary, AB Cineplex Odeon North Edmonton Cineplex Odeon Grande Prairie Cinemas Cinemas 10330 109th Street 14231 137th Avenue Grande Prairie, AB Edmonton, AB Galaxy Cinemas Lethbridge 501-1st Avenue South West Lethbridge, AB MANITOBA SilverCity Polo Park Cinemas 817 St. James Street Winnipeg, MB SASKATCHEWAN Galaxy Cinemas Saskatoon 347 2nd Avenue South Saskatoon, SK ONTARIO Scotiabank Theatre Toronto Coliseum Mississauga Cinemas 259 Richmond St. W 309 Rathburn Road West Toronto, ON Mississauga, ON Coliseum Scarborough Cinemas Cineplex Odeon Queensway Cinemas 300 Borough Drive 1025 The Queensway Scarborough, ON Etobicoke, ON SilverCity Yorkdale Cinemas SilverCity Yonge-Eglinton Cinemas 3401 Dufferin Street 2300 Yonge Street Toronto, ON Toronto, ON SilverCity Oakville Cinemas Colossus Vaughan Cinemas 3531 Wyecroft Road 3555 Highway 7 West Oakville, ON Vaughan, ON Galaxy Cinemas Guelph SilverCity Sudbury Cinemas 485 Woodlawn Road West 355 Barrydown Road Guelph, ON Sudbury, ON Cineplex Odeon Gardiners Road Galaxy Cinemas Waterloo Cinemas 550 King Street N 626 Gardiners Road Waterloo, ON Kingston, ON Cineplex Odeon Devonshire Mall Cineplex Odeon Niagara Square Cinemas Cinemas 3100 Howard Avenue 7555 Montrose Road Windsor, ON Niagara Falls, ON SilverCity Newmarket Cinemas Cineplex Odeon Oshawa Cinemas 18151 Yonge Street 1351 Grandview Street N Newmarket, ON Oshawa, ON SilverCity London Cinemas SilverCity Ancaster Cinemas 1680 Richmond Street 771 Golf Link Road London, ON Ancaster, ON SilverCity Gloucester Cinemas 2385 City Park Drive Gloucester, ON QUEBEC Cineplex Odeon Brossard Cinemas Cineplex Odeon Ste. Foy Cinemas 9350, boul. Leduc 1200 boul. Duplessis Brossard, PQ Ste. Foy, PQ Colossus Laval Cinemas Scotiabank Theatre Montreal 2800 rue Cosmodome 977 Ste-Catherine West Laval, PQ Montreal, PQ Coliseum Kirkland Cinemas Cineplex Odeon Latin Quarter Cinemas 3200 rue Jean Yves 350 rue Emery Kirkland, PQ Montreal, PQ
About Journey to the Center of the Earth 3D
An exciting adventure based on the classic Jules Verne novel "JOURNEY TO THE CENTRE OF THE EARTH," JOURNEY 3-D stars Brendan Fraser (Crash, The Mummy) as a science professor whose untraditional hypotheses have made him the laughing stock of the academic community. But on an expedition in Iceland, he and his nephew stumble upon a major discovery that launches them on a thrilling journey deep beneath the Earth's surface, where they travel through never-before-seen worlds and encounter a variety of unusual creatures. JOURNEY 3-D is directed by Academy Award(R)-winning visual effects veteran Eric Brevig (Total Recall, Pearl Harbor). The film is a co-venture between New Line Cinema and Walden Media.
About Cineplex Entertainment LP
Headquartered in Toronto, Canada, Cineplex Entertainment LP owns leases or has a joint-venture interest in 132 theatres with 1,337 screens serving approximately 61 million guests annually. Cineplex Entertainment LP is the largest motion picture exhibitor in Canada operating the following brands: Cinema City, Cineplex Odeon, Coliseum, Colossus, Famous Players, Galaxy, SilverCity and Scotiabank Theatres. The units of Cineplex Galaxy Income Fund, which owns approximately 76% of Cineplex Entertainment LP, are traded on the Toronto Stock Exchange (symbol CGX.UN).
Contacts: Cineplex Entertainment Georgia Sourtzis Manager, Communications (416) 323-6728 Email: georgia.sourtzis@cineplex.com Website: www.cineplex.com
SOURCE: Cineplex Entertainment
mailto:georgia.sourtzis@cineplex.com http://www.cineplex.com
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