Vancouver, Canada's GDP per capita is $27,682 * i don't think this is correct. British Columbia's GDP per capita in 2006 is $42,000. Vancouver, with an eighth the population of British Columbia accounts for on average 35% of its GDP. By these calculations, Vancouver's GDP per capita is close to $100,000. In line with other major rich cities. (And Vancouver is a very rich city)
GDP: gross domestic product; basically how much money taken by the country from within itself. Real GDP: * definition waiting. Per capita GDP: The GDP divided by the population. A good estimate of how much each person makes - a larger population with a fairly large GDP might appear to be better off, but a lower per capita GDP indicates that it is not as good as a smalller country with higher per capita GDP.
The adavantage of using GDP is it shows how much you have grown capared to the nations around you. The bad thing is that it does not show the inflation. With GDP you can not compare a country from year to year. But there is a solution. Use Real GDP, this uses a fixed price, and it shows how much you are really producing from one year to anouther.
Nominal GDP is GDP evaluated at current market prices. Therefore , nominal GDP wil include of the changes in market prices that have occurred during the current year due to inflation or deflation. Nominal GDP= GDP deflator.real GDP/100 Real GDP is GDP evaluate at the market price of some base year. GDP deflator --- Using the statistics on real GDP and nominal GDP, one can calculate an implecit index of the price level for the…
TOP ELEVEN COUNTRIES IN SOUTH EAST ASIA BY GDP(GROSS DOMESTIC PRODUCT ) East Timor (GDP 499 ) Laos (GDP 5,260 ) Cambodia (GDP 11,182 ) Myanmar (GDP 27,182 ) Vietnam (GDP 89,829 ) Philippine (GDP 168,580 ) Hong kong (GDP 215,559 ) Malaysia (GDP 222,219 ) Thailand (GDP 273,248) Taiwan (GDP 392,552 ) Indonesia (GDP 511,765)
Very many things. For example, economic activity that does not generate income is excluded. One facetious suggestion for increasing GDP is for members of a family to pay each other for doing housework! Pay your mother/wife to put up shelves or pay your father/husband to clean the house! [Forgive me, but I am trying to avoid gender stereotypes!]
Sectors related to GDP: Agriculture Growth Rate-GDP Industry Growth Rate- GDP Infrastructure Sector Growth Rate- GDP Services Sector Growth Rate- GDP Business Expectations Index Surveys on India GDP India GDP and Standard of Living Limitations of GDP per Capita in Measuring Growth GDP India vs. GDP China India GDP Forecast 2008 World Bank India GDP By Anaya, The Cheesy Animation
because the GDP for the country is high, the GDP stands for Gross Domestic Product, this is just a fancy way of saying how much money the country produces. GDP percapita is another way of saying the GDP but for one person. The higher the GDP the wealthier the country so England obviously has a high GDP. But don't be fooled knowing the GDP does not tell you how developed the country is England is…
Canada covers a much larger area and has a much larger population and GDP Canada is in North America, New Zealand is in Oceania They have different "close friends" (best allies). Canada- United States, New Zealand- Australia Different culture and influences (Canada- British, American, French, Native American. New Zealand- British, Australian, Pacific Islander)
Real GDP shows the productivity of an economy if it were at its natural unemployment rate. In other terms it basically shows how much a country could produce in an amount of time if everyone was working at their upmost efficiency and if all of the country's resources were being used efficiently. Real GDP is pretty much impossible to attain but it shows how prosperous a country could be.
Calculation Measurement in national accounts In most systems of national accounts the GDP deflator measures the ratio of nominal (or current-price) GDP to the real (or chain volume) measure of GDP. FORMULA: The formula should be as follows: GDP Deflator = (Nominal GDP / Real GDP)x100 EXPLINATION: · The main difference between real GDP and nominal GDP is that nominal GDP does not consider how inflation affects the price of goods over time. In contrast…
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