{"id":2409,"date":"2020-12-16T11:38:52","date_gmt":"2020-12-16T03:38:52","guid":{"rendered":"http:\/\/ufqi.com\/blog\/?p=2409"},"modified":"2021-01-08T16:12:51","modified_gmt":"2021-01-08T08:12:51","slug":"income-rate-annuals","status":"publish","type":"post","link":"https:\/\/ufqi.com\/blog\/income-rate-annuals\/","title":{"rendered":"\u5199\u5199\u5e74\u5ea6\u6536\u76ca\u7387\u5e74\u5747\u6536\u76ca\u7387\u548c\u5e74\u5316\u6536\u76ca\u7387"},"content":{"rendered":"<p>\u94f6\u884c\u5b58\u6b3e\u5229\u7387\u4e00\u964d\u518d\u964d\uff0c\u53e0\u52a0\u4e00\u5347\u518d\u5347\u7684<a href=\"https:\/\/ufqi.com\/news\/ulonglist.5786.html\">\u901a\u8d27\u81a8\u80c0<\/a>\u7387\uff08\u00a0https:\/\/ufqi.com\/news\/ulonglist.5786.html \uff09\uff0c\u5b9e\u9645\u4e0a\u7684\u5b58\u6b3e\u5229\u7387\u5df2\u7ecf\u65e9\u662f\u8d1f\u6570\uff0c\u6211\u4eec\u6240\u6301\u6709\u7684\u8d44\u91d1\u7684\u8d2d\u4e70\u529b\u5728\u4e0d\u77e5\u4e0d\u89c9\u4e2d\u964d\u4f4e\u518d\u964d\u4f4e\uff0c\u8d2c\u503c\u518d\u8d2c\u503c\u3002\u53ea\u662f\u7531\u4e8e\u5b98\u65b9\u5b58\u6b3e\u5229\u7387\u8fd8\u6ca1\u6709\u53d8\u6210\u8d1f\u6570\uff0c\u76f4\u89c2\u4e0a\u6211\u4eec\u8fd8\u611f\u89c9\u4e0d\u5230\uff0c\u6216\u8005\u523a\u6fc0\u5f97\u4e0d\u662f\u90a3\u4e48\u5f3a\u70c8\u3002<\/p>\n<p>\u7136\u800c\uff0c\u201c\u5148\u77e5\u5148\u89c9\u201d\u7684\u540c\u5b66\u4eec\u5df2\u7ecf\u5f00\u59cb\u79ef\u6781\u4e3b\u52a8\u7684\u8fdb\u884c\u6295\u8d44\u7406\u8d22\u4e86\u3002\u5728\u8fd9\u9879\u5145\u6ee1\u6311\u6218\u548c\u673a\u9047\uff0c\u4e5f\u4f34\u968f\u7740\u523a\u6fc0\u548c\u98ce\u9669\u7684\u6d3b\u52a8\u4e2d\uff0c\u9700\u8981\u5177\u5907\u4e00\u4e9b\u57fa\u7840\u77e5\u8bc6\u6216\u8005\u540d\u8bcd\u5b9a\u4e49\u3002\u5176\u4e2d\u8f83\u4e3a\u9ad8\u9891\u548c\u4f18\u5148\u7684\u8bcd\u8bed\u53eb\u505a\u6536\u76ca\u7387\uff0c\u6839\u636e\u4f7f\u7528\u573a\u666f\u4e0d\u540c\uff0c\u53c8\u5206\u4e3a\u5e74\u5ea6\u6536\u76ca\u7387\uff0c\u8fd8\u6709\u6708\u5ea6\uff0c\u6708\u606f\uff0c\u4e03\u65e5\uff0c\u6bcf\u65e5\u6536\u76ca\u7387\u7b49\u7b49\uff0c\u8fd8\u6709\u5e74\u5316\u6536\u76ca\u7387\u548c\u5e74\u5747\u6536\u76ca\u7387\u7b49\u3002<\/p>\n<p>\u8fd9\u7bc7\u6253\u7b97\u6df1\u7a76\u4e00\u4e0b\u8fd9\u51e0\u4e2a\u6536\u76ca\u7387\u540d\u8bcd\u7684\u5b9a\u4e49\u548c\u4f7f\u7528\u573a\u666f\u3002\u8fd9\u662f\u6e29\u4e60\u7ecf\u6d4e\u5b66\u8fc7\u7a0b\u4e2d\u7684\u7b2c\u56db\u7bc7\u4e60\u4f5c\uff0c\u4e4b\u524d\u4e09\u7bc7\u5206\u522b\u662f\u300a<a title=\"Permalink to \u5199\u51991929\u5e74\u7f8e\u56fd\u7ecf\u6d4e\u5927\u8427\u6761\u4e0e2020\u5e74\u7f8e\u56fd\u80a1\u5e02\u5927\u8dcc\" href=\"https:\/\/ufqi.com\/blog\/us-1929-economic-crisis-2020-stock-shock\/\" rel=\"bookmark\">\u5199\u51991929\u5e74\u7f8e\u56fd\u7ecf\u6d4e\u5927\u8427\u6761\u4e0e2020\u5e74\u7f8e\u56fd\u80a1\u5e02\u5927\u8dcc<\/a>\u300b\uff08\u00a0https:\/\/ufqi.com\/blog\/us-1929-economic-crisis-2020-stock-shock\/ \uff09\uff0c\u300a<a href=\"https:\/\/ufqi.com\/blog\/captial-rate-and-minus-rate\/\">\u5199\u5199\ud83c\udfe6\u5b58\u6b3e\u5229\u7387\u8d37\u6b3e\u5229\u7387\u548c\u8d1f\u5229\u7387<\/a>\u300b\uff08\u00a0https:\/\/ufqi.com\/blog\/captial-rate-and-minus-rate\/ \uff09 \u548c \u300a<a href=\"https:\/\/ufqi.com\/blog\/political-reform-country-vs-home\/\">\u6cbb\u5927\u56fd\u82e5\u8fc7\u5c0f\u5bb6\u2014\u2014\u5199\u5199\u738b\u671d\u5174\u8870\u66f4\u66ff\u80cc\u540e\u7684\u7ecf\u6d4e\u8d26<\/a>\u300b\uff08\u00a0https:\/\/ufqi.com\/blog\/political-reform-country-vs-home\/\u00a0 \uff09\u3002<\/p>\n<p>\u524d\u6587\u5728\u5199\u5199\u5b58\u6b3e\u5229\u7387\u8d37\u6b3e\u5229\u7387\u548c\u8d1f\u5229\u7387\u7684\u6587\u7ae0\u4e2d\u5df2\u7ecf\u8c08\u5230\uff0c\u5f53\u4eca\uff0c\u9664\u4e86\u4e2d\u56fd\u592e\u884c\u516c\u5e03\u7684\u5b98\u65b9\u5b58\u6b3e\u5229\u7387\u662f\u6b63\u6570\uff0c\u7f8e\u56fd\u7f8e\u8054\u50a8\u5b98\u65b9\u516c\u5e03\u5b58\u6b3e\u5229\u7387\u533a\u95f4\u662f0~0.25\uff0c\u5176\u4ed6\u4e00\u4e9b\u56fd\u5bb6\u548c\u5730\u533a\u5df2\u7ecf\u662f\u5b58\u6b3e\u8d1f\u5229\u7387\u4e86\u3002\u8fd9\u53ea\u662f\u540d\u4e49\u5b58\u6b3e\u5229\u7387\uff0c\u53e0\u52a0\u901a\u8d27\u81a8\u80c0\u7387\uff0c\u5219\u5b9e\u9645\u8d27\u5e01\u8d2c\u503c\u5f97\u66f4\u52a0\u5389\u5bb3\uff0c\u53ef\u80fd\u8fd9\u4e5f\u662f\u56fd\u9645\u793e\u4f1a\u4e0a\uff0c\u4e0d\u5b58\u94b1\uff0c\u8d85\u524d\u6d88\u8d39\u548c\u4fe1\u7528\u6d88\u8d39\u8bf1\u56e0\u4e4b\u4e00\u3002<\/p>\n<h2><strong>1. \u5e74\u5ea6\u3001\u5e74\u5316\u548c\u5e74\u5747\u7684\u57fa\u672c\u6982\u5ff5\u5b9a\u4e49\u53ca\u8ba1\u7b97\u516c\u5f0f<\/strong><\/h2>\n<p>\u5728\u8ba8\u8bba\u5e74\u5ea6\u6536\u76ca\u7387\uff0c\u5e74\u5316\u6536\u76ca\u7387\u548c\u5e74\u5747\u6536\u76ca\u7387\u4e4b\u524d\uff0c\u9700\u8981\u5148\u5b9a\u4e49\u548c\u5047\u8bbe\u4e00\u4e0b\uff1a<br \/>\u672c\u91d1\u3001\u671f\u521d\/\u8d77\u521d\u503c\uff0c\u901a\u5e38\u7528 P \u8868\u793a\uff0cPrime\uff1b<br \/>\u7ec8\u503c\u3001\u672b\u671f\/\u672b\u503c\uff0c\u901a\u5e38\u7528 F \u8868\u793a\uff0c Final?<br \/>\u5229\u7387\uff0c\u7528 R \u8868\u793a\uff0c Rate;<br \/>\u671f\u6570\u3001\u8f6e\u6b21\uff0c\u7528 n \u8868\u793a\u3002<br \/>\u63a5\u4e0b\u6765\u8981\u7528\u5230\u4e00\u4e9b\u7b80\u5355\u6613\u61c2\u7684\u516c\u5f0f\u4e86\uff0c\u4ee5\u4fbf\u7ed9\u90a3\u4e9b\u201c\u592a\u957f\u4e0d\u770b\u201d\u7684\u540c\u5b66\u5feb\u901f\u7684\u7b54\u6848\u3002<\/p>\n<p>\u5e74\u5ea6\u6536\u76ca\u7387 R = ( ( F \/ P ) &#8211; 1 ) * 100% ;<br \/>\u5e74\u5316\u6536\u76ca\u7387 R =\u00a0 ( F \/ P ) ^( 1 \/ n ) &#8211; 1 ;<br \/>\u5e74\u5747\u6536\u76ca\u7387 R = Sum ( R0 : Rn ) \/ n ;<\/p>\n<p>\u5176\u4e2d\uff1a \/ \u8868\u793a\u9664\u6cd5\u8fd0\u7b97\uff0c * \u8868\u793a\u4e58\u6cd5\u8fd0\u7b97\uff0c ^ \u8868\u793a\u5e42\u8fd0\u7b97\uff0c Sum \u662f\u6c42\u548c\u51fd\u6570, R0 \u662f\u7b2c\u4e00\u671f\u6536\u76ca\u7387\uff0c Rn \u662f\u7b2cn\u671f\u6536\u76ca\u7387\u3002\u8fd9\u91cc\u7684\u201c\u671f\u201d \u9ed8\u8ba4\u662f\u6307\u5e74\u3002<\/p>\n<p>\u5e74\u5ea6\u6536\u76ca\u7387 \u542b\u4e49\u662f\u672c\u5e74\uff08\u81ea\u7136\u5e74\u6216\u8005\u8d22\u653f\u5e74\uff09\uff0c\u671f\u672b\u7684\u6570\u503c\u9664\u4ee5\u671f\u521d\u7684\u672c\u91d1\u503c\uff0c\u7136\u540e\u505a\u767e\u5206\u5316\u8868\u793a\uff1b<br \/>\u5e74\u5747\u6536\u76ca\u7387 \u542b\u4e49\u4e5f\u76f8\u5bf9\u597d\u7406\u89e3\uff0c\u5c31\u662f\u6bcf\u5e74\u5e73\u5747\uff0c\u5c06\u591a\u4e2a\u5e74\u4efd\u7684\u6536\u76ca\u7387\u52a0\u8d77\u6765\u505a\u7b97\u672f\u5e73\u5747\u6570\u5373\u53ef\u3002\u5e74\u5747\u8fd8\u6709\u53e6\u5916\u4e00\u5c42\u610f\u601d\u662f\u6a2a\u5411\u7684\uff0c\u6bd4\u5982\u5c06\u540c\u4e00\u5e74\u4efd\u5185\u7684\u591a\u4e2a\u4e0d\u540c\u6570\u636e\u5bf9\u8c61\u7684\u6570\u503c\u52a0\u8d77\u6765\u505a\u7b97\u672f\u5e73\u5747\uff0c\u59822019\u56fd\u6c11\u5e74\u5747\u6536\u5165\u589e\u957f\u7387\u3002<br \/>\u5e74\u5316\u6536\u76ca\u7387\uff0c\u76f8\u5bf9\u8f83\u590d\u6742\u4e00\u4e9b\uff0c\u8fd9\u91cc\u6709\u590d\u5229\u8ba1\u7b97\u7684\u601d\u60f3\u5728\u91cc\u9762\uff0c\u4e5f\u5373\u6bcf\u5e74\u7684\u6536\u76ca\u7387\u7684\u8ba1\u7b97\u603b\u662f\u4ee5\u4e0a\u4e00\u5e74\u7684\u7ec8\u503c\u4f5c\u4e3a\u672c\u91d1\u3002\u53e6\u5916\uff0c\u5c31\u662f\u8fd9\u91cc\u7684\u8f6e\u6b21\u548c\u671f\u6570 n \uff0c \u5f53 n &gt; 1 \u65f6\uff0c\u53ef\u4ee5\u7406\u89e3\u4e3a\u591a\u4e2a\u5e74\u4efd\u540e\u8ba1\u7b97\u5e74\u5316\u6536\u76ca\u7387\uff1b\u5f53 n &lt; 1 \u65f6\uff0c\u8868\u793a\u77ed\u671f\u6536\u76ca\u7387\u7684\u5ef6\u957f\u7406\u8bba\u503c\uff0c\u8fd9\u4e5f\u662f\u6211\u4eec\u80fd\u591f\u5728\u5c0f\u4e8e\u4e00\u5e74\u671f\u7684\u7406\u8d22\u4ea7\u54c1\u4e2d\u80fd\u591f\u770b\u5230\u201c\u4e03\u65e5\u5e74\u5316\u5229\u7387\u201d\u7684\u7531\u6765\u3002<\/p>\n<p>\u884c\u6587\u81f3\u6b64\uff0c\u6982\u5ff5\u548c\u7406\u8bba\u5e0c\u671b\u5df2\u7ecf\u8bf4\u6e05\u695a\u4e86\uff0c\u63a5\u4e0b\u6765\u5199\u5199\u6570\u636e\u4e0a\u7684\u5e72\u8d27\u3002\u6211\u4eec\u5e0c\u671b\u4f7f\u7528\u4e0a\u9762\u7684\u51e0\u4e2a\u6307\u6807\u6765\u8003\u5bdf\u4e00\u4e0b\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\uff08\u5168\u56fd\u793e\u4f1a\u4fdd\u969c\u57fa\u91d1, ssf.gov.cn \uff09\u6743\u76ca\u6295\u8d44\u6536\u76ca\u7684\u5386\u5e74\u6570\u636e\u60c5\u51b5\u3002<\/p>\n<h2><strong>2. \u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u6295\u8d44\u5e74\u5ea6\u3001\u5e74\u5316\u548c\u5e74\u5747\u6536\u76ca\u7387\u5206\u6790<\/strong><\/h2>\n<p>\u62ff\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u6295\u8d44\u6536\u76ca\u7387\u8bf4\u4e8b\uff0c\u662f\u56e0\u4e3a\u5979\u5e72\u5f97\u6f02\u4eae\u3002\u201c(\u5168\u56fd\u793e\u4fdd\u57fa\u91d1)\u7406\u4e8b\u4f1a\u662f\u5883\u5185\u6700\u5927\u673a\u6784\u6295\u8d44\u8005&#8230;\uff0c\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u6210\u7acb\u4ee5\u6765\uff0c\u53d6\u5f97\u4e86\u9a84\u4eba\u7684\u6295\u8d44\u4e1a\u7ee9\uff0c\u81ea<span lang=\"EN-US\">2000<\/span>\u5e74<span lang=\"EN-US\">8<\/span>\u6708\u6210\u7acb\u81f3<span lang=\"EN-US\">2017<\/span>\u5e74\u5e95\uff0c\u5e74\u5747\u6295\u8d44\u6536\u76ca\u7387<span lang=\"EN-US\">8.44%<\/span>\uff0c<strong>\u7d2f\u8ba1\u6295\u8d44\u6536\u76ca\u989d\u5927\u4e8e\u7d2f\u8ba1\u8d22\u653f\u51c0\u62e8\u5165\u989d\u3002<\/strong>\u201d<\/p>\n<p><img loading=\"lazy\" class=\"\" src=\"https:\/\/ufqi.com\/blog\/wp-content\/uploads\/2020\/12\/%E5%85%A8%E5%9B%BD%E7%A4%BE%E4%BF%9D%E5%9F%BA%E9%87%91%E6%9D%83%E7%9B%8A%E6%8A%95%E8%B5%84%E6%94%B6%E7%9B%8A-2001-2020.jpg\" width=\"642\" height=\"522\" \/><\/p>\n<p>Fig-1. \u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u6743\u76ca\u6295\u8d44\u6536\u76ca\u73872001-2020<\/p>\n<p>\u4e0a\u56fe\u8868\u683c\u4e2d\u6536\u5f55\u4e86\u5168\u56fd\u793e\u4fdd20\u5e74\u6765\u7684\u6bcf\u5e74\u5e74\u5ea6\u6536\u76ca\u7387\uff08\u7edd\u5bf9\u503c\uff09\uff0c\u57fa\u4e8e\u5e74\u5ea6\u6536\u76ca\u7387\uff0c\u6211\u4eec\u63a8\u5bfc\u8ba1\u7b97\u51fa\u4e86\u5e74\u5316\u6536\u76ca\u7387\u548c\u5e74\u5747\u6536\u76ca\u7387\u3002\u4e3a\u4e86\u65b9\u4fbf\u8ba1\u7b97\uff0c\u6211\u4eec\u5047\u8bbe\u4e86\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u672c\u91d1\u521d\u671f\u503c\u4e3a 10K\uff0c\u5176\u5b9e\u771f\u5b9e\u503c\u5e94\u8be5\u662f 200\u4ebf\u4eba\u6c11\u5e01\u5de6\u53f3\u3002\u4e5f\u4e3a\u4e86\u51d1\u6570\uff0c\u6211\u4eec\u6839\u636e2020\u5e74\u524d11\u4e2a\u6708\u7684\u6570\u636e\uff0c\u4f30\u7b97\u4e862020\u5e74\u7684\u5e74\u5ea6\u589e\u957f\u7387 15% \u3002<\/p>\n<p><strong>\u53ef\u4ee5\u770b\u51fa\u5e74\u5ea6\u6536\u76ca\u7387\u6ce2\u52a8\u8f83\u5927\uff0c\u800c\u5e74\u5316\u6536\u76ca\u7387\u8f83\u5e73\u7f13\uff0c\u5e74\u5747\u6536\u76ca\u7387\u4e0e\u5e74\u5316\u6536\u76ca\u7387\u63a5\u8fd1\uff0c\u4e14\u504f\u5927\u3002<\/strong><\/p>\n<p>\u53ef\u4ee5\u770b\u51fa\uff0c\u6536\u76ca\u7387\u6700\u597d\u548c\u6b21\u9ad8\u7684\u5e74\u4efd\u662f 2007\u548c2006\u5e74\uff0c\u5206\u522b\u662f 43% \u548c 29%\u3002\u6536\u76ca\u6700\u5dee\u7684\u5e74\u4efd\u662f 2008\u548c2018\u5e74\uff0c\u5206\u522b\u662f -6.8% \u548c -2.3% \u3002\u4ee4\u4eba\u60ca\u5947\u662f\uff0c <strong>2009\u548c2019\u90fd\u8fce\u6765\u4e86\u201c\u62a5\u590d\u6027\u201d\u7684\u589e\u957f\u3002<\/strong><br \/>\u622a\u81f3 2020\u5e74\uff0c20\u5e74\u6765\uff0c\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u5e74\u5316\u6536\u76ca\u7387\u4e3a 8.5% \uff0c \u5e74\u5747\u589e\u957f\u7387\u4e3a 9%\uff0c \u8fd9\u4e00\u4e1a\u7ee9\u7684\u786e\u662f\u201c\u9a84\u4eba\u201d\u3002\u4e4b\u6240\u4ee5\u53d6\u5f97\u8fd9\u6837\u7684\u6210\u7ee9\u4e0e\u597d\u5e74\u4efd\u8d85\u9ad8\u6536\u76ca\u6709\u5173\uff0c\u5982 2006-2007\uff0c2014-2015\uff0c 2019-2020. \u5176\u4f59\u5e74\u4efd\u4e5f\u51e0\u4e4e\u4e4f\u5584\u53ef\u9648\u3002<br \/><strong>\u8fd9\u4e09\u4e2a\u65f6\u95f4\u6bb5\u91cc\u524d\u4e24\u4e2a\u521a\u597d\u5bf9\u5e94\u5219\u4e2d\u56fd\u80a1\u5e02\u662f\u4e24\u6b21\u5927\u7684\u80a1\u707e\uff0c\u5206\u522b\u662f2007\u5e74\u548c2015\u5e74\uff0c\u725b\u6c14\u51b2\u5929\u4e4b\u540e\u4e00\u843d\u5343\u4e08\uff01\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u7684\u6295\u8d44\u8d1f\u8d23\u4eba\u662f\u5982\u4f55\u505a\u5230\u7cbe\u51c6\u9003\u9876\u7684\uff1f<\/strong><\/p>\n<p><strong>2019-2020 \u8fd9\u4e2a\u65f6\u6bb5\u7684\u9ad8\u6536\u76ca\u5374\u5206\u522b\u5bf9\u5e94\u4e2d\u56fd\u80a1\u5e02\u7684\u4e24\u4e2a\u4f4e\u70b9<\/strong>\uff0c\u5206\u522b\u662f2019\u5e741\u6708\u76842440\u70b9\u548c2020\u5e743\u6708\u76842745\u70b9\u3002\u4e2d\u56fd\u80a1\u5e02\u5206\u522b\u5728\u8fd9\u4e24\u4e2a\u4f4e\u70b9\u4e4b\u540e\u8fc5\u96f7\u4e0d\u53ca\u63a9\u8033\u4e4b\u52bf\u5feb\u901f\u62c9\u5347\uff0c2019\u5e74\u4e4b\u540e\u65ad\u5d16\u4e0b\u8dcc\uff012020\u5e74\u9ad8\u4f4d\u9707\u8361\u81f3\u4eca\u3002<\/p>\n<p>\u5c0f\u7ed3\u5979\u7684\u50b2\u4eba\u4e1a\u7ee9\uff0c<strong>2006-2007\uff0c 2014-2015\uff0c \u6210\u529f\u9003\u9876<\/strong>\uff0c\u8d5a\u53d6\u8d85\u9ad8\u6536\u76ca\u540e\u5728\u80a1\u707e\u6765\u4e34\u4e4b\u524d\u4e00\u523b\u5b89\u5168\u64a4\u79bb\uff1b<br \/><strong>2019-2020\uff0c\u6210\u529f\u57cb\u4f0f<\/strong>\uff0c\u5728\u5e02\u573a\u6700\u4f4e\u70b9\u52c7\u4e8e\u52a0\u4ed3\uff0c\u5728\u83b7\u5f97\u4e00\u5b9a\u6536\u76ca\u540e\uff0c\u518d\u5ea6\u51fa\u9003\uff0c \u5982\u6b64\u64cd\u4f5c\uff0c2019\u5e74\u4e00\u6b21\uff0c2020\u5e74\u4e00\u6b21\uff0c\u5206\u522b\u65a9\u83b7 10+% \u7684\u6536\u76ca\u7387\uff01<br \/><strong>\u6210\u529f\u9003\u9876\u6216\u6709\u4e0d\u53ef\u63cf\u8ff0\u7684\u7f18\u7531\u6216\u6545\u4e8b\uff0c\u4f46\u6210\u529f\u57cb\u4f0f\u786e\u6709\u67d0\u79cd\u6295\u8d44\u4eba\u7684\u6167\u773c\u8bc6\u73e0\u3002<\/strong><br \/>\u5982\u679c\u7528\u7f8e\u56fd\u6295\u8d44\u5927\u5e08\u6c83\u4f26\u5df4\u83f2\u7279\u7684\u8bdd\u6765\u914d\u97f3\uff0c\u6216\u5c31\u662f\u90a3\u53e5\u201c<strong>\u5728\u522b\u4eba\u8d2a\u5a6a\u65f6\u6050\u60e7\uff0c\u5728\u522b\u4eba\u6050\u60e7\u65f6\u8d2a\u5a6a\u3002\u201d<\/strong><\/p>\n<p>\u62c9\u957f\u5386\u53f2\u6765\u770b\uff0c\u603b\u662f\u5927\u9053\u81f3\u7b80\u300220\u5e74\u6765\uff0c\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u7684\u6295\u8d44\u4eba\u53ef\u80fd\u6362\u4e86\u51e0\u832c\uff0c\u4e5f\u8bb8\u56de\u64a4\u548c\u4e8f\u635f\u7684\u7406\u7531\u5404\u4e2a\u4e0d\u540c\uff0c\u4f46\u8d5a\u53d6\u76c8\u4f59\u7684\u59ff\u52bf\u548c\u7406\u7531\u603b\u662f\u90a3\u4e48\u4e00\u81f4\u3002\u53ea\u662f\u6211\u4eec\u51e1\u592b\u4fd7\u5b50\uff0c\u4e0d\u8bc6\u5e90\u5c71\u771f\u9762\u76ee\uff0c\u53ea\u7f18\u8eab\u5728\u6b64\u5c71\u4e2d\u3002\u505a\u4e8b\u540e\u76d8\u70b9\u8bf4\u5f97\u5934\u5934\u662f\u9053\uff0c\u5b9e\u76d8\u64cd\u4f5c\u5f53\u65f6\u5df2\u60d8\u7136\u3002<\/p>\n<h2><strong>3. \u4e2d\u56fd\u592e\u884c20\u5e74\u6765\u7684M2\u5e74\u5ea6\u3001\u5e74\u5316\u548c\u5e74\u5747\u589e\u901f\u5206\u6790<\/strong><\/h2>\n<p>Fig-1\u7684\u8868\u683c\u4e2d\u53f3\u4fa7\u662f\u540c\u65f6\u671f\u4e2d\u56fd\u592e\u884cM2\u7684\u589e\u957f\u901f\u5ea6\u6570\u636e\u3002\u5e7f\u4e49\u8d27\u5e01\u4f9b\u5e94\u91cf\uff08M2\uff0cBroad Money)\u7684\u5b9a\u4e49\u5927\u81f4\u7ea6\u7b49\u4e8e\u5168\u793e\u4f1a\u7684\u8d27\u5e01\u91cf\u3002\u8d27\u5e01\uff08M0\uff09=\u6d41\u901a\u4e2d\u7684\u73b0\u91d1\uff0c\u5373\u6d41\u901a\u4e8e\u94f6\u884c\u4f53\u7cfb\u4e4b\u5916\u7684\u73b0\u91d1\u3002\u72ed\u4e49\u8d27\u5e01\uff08M1\uff09=\uff08M0\uff09+\u5355\u4f4d\u6d3b\u671f\u5b58\u6b3e\uff1b\u5e7f\u4e49\u8d27\u5e01\uff08M2\uff09=M1+\u51c6\u8d27\u5e01\uff08\u5355\u4f4d\u5b9a\u671f\u5b58\u6b3e+\u5c45\u6c11\u50a8\u84c4\u5b58\u6b3e+\u5176\u4ed6\u5b58\u6b3e+\u8bc1\u5238\u516c\u53f8\u5ba2\u6237\u4fdd\u8bc1\u91d1+\u4f4f\u623f\u516c\u79ef\u91d1\u4e2d\u5fc3\u5b58\u6b3e+\u975e\u5b58\u6b3e\u7c7b\u91d1\u878d\u673a\u6784\u5728\u5b58\u6b3e\u7c7b\u91d1\u878d\u673a\u6784\u7684\u5b58\u6b3e\uff09\u3002<\/p>\n<p>\u4e3a\u4e86\u65b9\u4fbf\u8ba1\u7b97\uff0c\u6211\u4eec\u4e5f\u5047\u8bbe\u4e86M2\u7684\u672c\u91d1\u3001\u521d\u671f\u503c\u4e3a 10K\u3002\u7531\u4e8eM2\u7684\u589e\u901f\u91cc\u9762\u4e00\u4e2a\u91cd\u8981\u56e0\u7d20\u662fGDP\u7684\u589e\u957f\uff0c\u6240\u4ee5\u6211\u4eec\u8fd8\u5728\u540e\u9762\u589e\u52a0\u4e86\u540c\u65f6\u671f\u7684GDP\u589e\u901f\u3002\u5b98\u65b9\u5b9a\u4e49\u4e0a\uff0cM2\u7684\u589e\u957f\uff0c\u4e3b\u8981\u662f\u7531\u4e8eGDP\u589e\u52a0\u4e86\u3002\u4e24\u8005\u4e00\u81f4\u662f\u7406\u60f3\u72b6\u6001\uff0c\u589e\u52a0\u591a\u5c11\u4e1c\u897f\uff08\u8d27\u7269\u6216\u670d\u52a1\uff09\u5370\u591a\u5c11\u94b1\uff1b\u5982\u679cGDP\u589e\u901f\u5927\u4e8eM2\u589e\u901f\uff0c\u5219\u8d27\u5e01\u5347\u503c\uff0c\u5982\u679cGDP\u589e\u901f\u5c0f\u4e8eM2\u589e\u901f\uff0c\u5219\u8d27\u5e01\u8d2c\u503c\u3002<\/p>\n<p>\u901a\u8fc7\u4e0a\u9762\u7684\u8bb0\u5f55\u6570\u636e\uff0c\u6211\u4eec\u53d1\u73b0\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u6295\u8d44\u5e74\u5316\u6536\u76ca\u7387 8.5%\uff0c \u786e\u5b9e\u50b2\u4eba\u7684\u4e1a\u7ee9\uff0c\u800c\u540c\u65f6\u671f\u7684M2\u662f\u591a\u5c11\u5462\uff1f \u901a\u8fc7\u516c\u5f00\u6570\u636e\u6536\u96c6\u3001\u8ba1\u7b97\u5f97\u51fa\uff0c2001-2020\u671f\u95f4M2\u7684\u5e74\u5316\u589e\u957f\u7387\u4e3a 14.8% \uff0c \u540c\u65f6\u671fGDP\u7684\u5e74\u5316\u589e\u957f\u7387\u4e3a\u00a0 8.9%\u3002\u4e8e\u662f\u6211\u4eec\u6709\u8fd9\u6837\u4e00\u7ec4\u5bf9\u6bd4\u6570\u636e\uff1a<\/p>\n<p><strong>2001-2020\u5e74\u95f4\u4e3b\u8981\u5e74\u5316\u6536\u76ca\u7387\u3001\u589e\u957f\u7387\u6570\u636e<\/strong><br \/>\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u6295\u8d44\u5e74\u5316\u6536\u76ca\u7387\uff1a 8.5% \uff1b<br \/>\u4e2d\u56fd\u592e\u884cM2\u5e74\u5316\u589e\u957f\u7387\uff1a 14.8% \uff1b<br \/>\u4e2d\u56fdGDP\u5e74\u5316\u589e\u957f\u7387\uff1a 8.9% \uff1b<br \/><strong>M2\u51c0\u589e\u957f\u7387\uff1aM2\u589e\u957f\u7387 &#8211; GDP\u589e\u957f\u7387 = 6% \uff1b<\/strong><\/p>\n<p><strong>\u4ece\u8fd9\u4e00\u89d2\u5ea6\u770b\uff0c\u5168\u56fd\u793e\u4fdd\u57fa\u91d1\u6295\u8d44\u6536\u76ca\u8dd1\u8d62\u4e86M2\u51c0\u589e\u957f\u7387\uff08\u6263\u51cfGDP\u589e\u957f\u7387\uff09\uff0c\u51c0\u5e74\u5316\u6536\u76ca\u7387\u4e3a 8.5% &#8211; 6 = 2.5%\u3002<br \/><\/strong>\u8fdb\u4e00\u6b65\u5730\uff0c\u6211\u4eec\u53d1\u73b02001-2020\u8fd920\u5e74\u95f4\uff0c\u5982\u679c\u67d0\u9879\u6295\u8d44\u5e74\u5316\u6536\u76ca\u7387\u4f4e\u4e8e M2\u51c0\u589e\u957f\u7387 6% \u7684\u8bdd\uff0c\u5176\u6301\u6709\u7684\u8d27\u5e01\uff08\u8d44\u4ea7\uff09\u7684\u5b9e\u9645\u8d2d\u4e70\u529b\u662f\u4e0b\u964d\u7684\uff0c\u8d27\u5e01\uff08\u8d44\u4ea7\uff09\u88ab\u8d2c\u503c\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u6839\u636eM2\u7684\u5386\u53f2\u6570\u636e\uff0c\u6211\u4eec\u4f1a\u53d1\u73b0\uff0c2008\u5e74\u91d1\u878d\u5371\u673a\u65f6\u5019\u7684\u201c\u5927\u653e\u6c34\u201d\uff0c\u201c\u56db\u4e07\u4ebf\u201d\u7684\u786e\u63a8\u9ad8M2\uff0c\u4f7f\u5176\u6025\u901f\u4e0a\u5347\uff0c\u81f4\u4f7f2009\u5e74\u7684M2\u5e74\u5ea6\u589e\u957f\u7387\u8fbe\u5230 27.7% \u3002\u800c2017\u5e74\u4ee5\u6765\uff0cM2\u5e74\u5ea6\u589e\u957f\u7387\u5f00\u59cb\u5927\u5e45\u4e0b\u964d\u81f3 8% \u5de6\u53f3\uff0c\u51e0\u4e4e\u4e0eGDP\u5e74\u5ea6\u589e\u957f\u7387\u63a5\u8fd1\uff0c\u4f3c\u4e4e\u662f\u5b8c\u7f8e\u7684\u7406\u60f3\u72b6\u6001\u4e86\u3002<\/p>\n<p>\u5c0f\u7ed3\u5168\u6587\uff0c\u5e74\u5ea6\u6536\u76ca\u7387\u5e74\u5747\u6536\u76ca\u7387\u548c\u5e74\u5316\u6536\u76ca\u7387\u672c\u4e0d\u96be\u7406\u89e3\u548c\u4f7f\u7528\uff0c\u5e0c\u671b\u4e0a\u9762\u7684\u8fd9\u4e9b\u6570\u636e\u80fd\u591f\u5b58\u6863\u4e0b\u6765\uff0c\u4fbf\u4e8e\u540e\u9762\u63a5\u7eed\u4f7f\u7528\uff0c\u66f4\u957f\u65f6\u671f\u89c2\u5bdf\u3001\u5bf9\u6bd4\u548c\u5206\u6790\u3002<\/p>\n<p><a class=\"bigfont\" href=\"https:\/\/ufqi.com\/naturedns\/search?q=-R\/D2SO\" target=\"_blank\">-R\/D2SO<\/a><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"2MOKbK5tNE\"><p><a href=\"https:\/\/ufqi.com\/blog\/income-rate-annuals\/\">\u5199\u5199\u5e74\u5ea6\u6536\u76ca\u7387\u5e74\u5747\u6536\u76ca\u7387\u548c\u5e74\u5316\u6536\u76ca\u7387<\/a><\/p><\/blockquote>\n<p><iframe 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