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What is definition of tax GDP ratio?
Tax to GDP Ratio =Total government tax collections divided by the country's GDP
Definition of volcano?
What is th
What is th definition of meter?
A 100 centimeters.
How do you calculate nominal GDP at market price?
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 year. This index is called GDP deflator. GDP deflator = nominal GDP/real GDP .100 The GDP deflator can be viewed as a conversion factor that transform real GDP into nominal GDP. Note that in the base year, real GDP is by definition equal to nominal GDP so that the GDP deflator in the base year equal to 100.
What is the definition for factors of productions?
th declaration of independence
What is th definition for hidden lines?
the line which is not seen
What is the th e definition of immortality?
never dying.
When there are sustained increases in real GDP over time we say that the economy is undergoing?
Economic growth. Since that is basically the definition of a growing economy, steady increase in GDP
What is the definition of 100 th year jubilee?
platinum jubilee
What is th definition of vindictive?
It means disposed or inclined to revenge
In the definition of GDP the words total market value refer to total?
dollar value at current prices
What is definition of GDP?
Gross Domestic Product. It is the market value of all goods and products in a country in a year.
