While the Current Dollar or Nominal GDP does not account for changes in the rate of inflation from one period to another, knowing the figure can still be helpful in a couple of ways. First, the Current Dollar calculation represents the market value of goods and services that are produced in the economic period under consideration. In other words, the figure represents the reality of the worth of the goods at the time they were produced. Knowing this figure is helpful in understanding exactly what was happening within a given economy at that point in time. Often, this information can help explain economic trends that emerged in later periods and why they took place.
Another benefit of knowing Current Dollar GDP is that it forms the basis for comparing the actual or real amount of growth that took place between two different economic periods. By dividing Current Dollar GDP by what is known as the GDP deflator, it is possible to allow for changes in the rate of inflation between two different years. Doing so allows comparisons of the Gross Domestic Product of two different periods in terms that truly demonstrate the relative value of goods and services between the two periods. It also helps show whether there was truly any growth in the economy.
For example, assume the most recently completed economic period is identified as Year A, while the previous economic period is known as Year B. If the nominal, or Current Dollar, GDP for Year A is $100B in United States dollars and the GDP deflator is 5%, this makes the Real GDP for Year A $95.24B USD. If the Current GDP for Year B came to $92B USD, then true economic growth occurred. However, if Year B had a nominal, or Current, GDP of $96B USD, this formula will reveal that the economy declined, even though there was an increase in Current Dollar GDP from Year B to Year A.
A thousand dollars in Thailand money is about 31.03 dollars in US dollars. There is a big difference in the money.
29 dollars apex
See www.xe.com for current exchange rates
7.65400 U.S. dollars, Next time just type in "100 Mexican Pesos to US dollars" on google and it will convert it to US dollars based on the current currency rate.
45.00 US Dollars = 619.735 Meixcan Peso Taken on: 2012-05-21 00:52 UTC Note that exchange rate are subjected to constant change.
A nominal variable is a variable measured in current dollars (the value of the dollar for the specific period discussed), and a real variable is a variable measured in constant dollars (the value of the dollar for the base period). That is, a real variable adjusts for the effects of inflation.
$1.91
they have different symbols in the money that automatically shows the difference, also the value between those two money are difference of 74.2 lower
Well no one cares so why do you ask I'm a married women
A bungalow is a small, single-story house, often with a sloping roof and a veranda, while a villa is a large, luxurious house typically located in a suburban or rural area. Villas often have multiple stories and ample living space, while bungalows are more compact and efficient in design.
Well, the difference it is that Chinese love American Dollars.
Vending machines have laser scanners that can tell the difference between the bills.
several hundred dollars
A few thousand dollars.
On a sweet sixteen model,the difference is 175 dollars between the two.
constant dollar
About 20 dollars! Hey oh!