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GDP that is measured in unchanging prices is called?
Real GDP.
What is the Nigerian rank in economic list of Africa?
Nigeria ranks 3rd in African's GDP and 37th in the world GDP. The highest economy and GDP in West Africa. http://en.wikipedia.org/wiki/List_of_African_countries_by_GDP_PPP Also Nigeria is one of the fastest growing economy in the world. http://en.wikipedia.org/wiki/Nigeria http://en.wikipedia.org/wiki/Regional_power
Is a nations standard of living measured by GDP or real GDP?
It is measured by Real GDP, the reason is because you cant just say GDP. GDP consists of nominal and real GDP, nominal GDP does not include prices at different constants in other words it just uses one base price for all the different times, whereas real GDP consists of varying price levels at different times. Real GDP
What is South Africa's GDP?
South Africa has a GDP of $408.2 billion(2011) US dollars according to the world bank.
What does the per capita GDP measure?
The Per Capita is measured by the average income. Each year it is measured.
What is the GDP?
GDP - Gross Domestic Product GDP is a measure of the wealth of a country. It is worked out by dividing the total of the money by what a country gains from the production of goods and services by it's population. GDP is measured in US Dollars - $
What is the income of South Africa?
South Africa's GDP (purchasing power parity) was $495.1 billion in 2009, for a per capita GDP of $10,100.00 in 2009. (CIA).
When the GDP is measured using adjustments for price changes it is known what?
Real Gross Domestic Product also known as Nominal GDP.
What is a period of economic growth as measured by a rise in real GDP called?
An expansion
What are the advantages to using GDP?
The advantages of using GDP include the measurement of total domestic consumption. Total domestic investment expenditures and net exports are also clearly measured with the use of GDP.
Which country is currently the richest in the world?
Measured by GDP (gross domestic product), in 2008, Luxembourg was the richest country in the world, with a GDP of around $80,000. Qatar was the second richest with a GDP of $75,000.
What was GDP in South Africa in 2000?
The Gross Domestic Product (GDP) in South Africa was worth 132.878 billion US dollars in 2000, according to a report published by the World Bank.
