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The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.
GDP = C + G + I + NX
where:
"C" is equal to all private consumption, or consumer spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on capital
"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)
What else can I help you with?
What is is the worlds richest country?
Here is a list of the richest countries Luxembourg (GDP per capita: $119,719) Norway (GDP per capita: $86,362) Switzerland (GDP per capita: $83,832) Ireland (GDP per capita: $81,477) Iceland (GDP per capita: $78,181) Qatar (GDP per capita: $65,062) The United States of America (GDP per capita: $64,906) Denmark (GDP per capita: $63,434) Singapore (GDP per capita: $62,690) Australia (GDP per capita: $58,824) so I know the USA is the richest country but this is the richest countries by GDP.
What is the per capita GDP of Haiti?
The per capita GDP of Haiti is $1,317.
What is Pakistan's per capita GDP?
Pakistan's GDP per capita is US$ 1,201.
What is the per capita of GDP?
In 2004, the GDP per capita in England was 26904 Euros
How can one calculate the GDP per capita growth rate?
To calculate the GDP per capita growth rate, you can use the formula: GDP per capita growth rate ((GDP per capita in current year - GDP per capita in previous year) / GDP per capita in previous year) x 100 This formula helps measure the percentage change in GDP per capita over a specific period, indicating the rate of economic growth on a per person basis.
Per capita GDP will rise if GDP?
if GDP grows faster than the population of a country, the per capita GDP will rise
What are the relationships between oil wealth per capita and GDP per capita?
Usually the more oil wealth per capita the higher the GDP per capita is.
What is the GDP per capita of England?
In 2004, the GDP per capita in England was 26904 Euros
Is a high GDP per capita good?
Yes it is good to have a high GDP per capita.
What is the per capita GDP of Kenya?
The per capita GDP of Kenya was 1800 dollars in 2013.
Which Asian country has the highest GDP per capita?
Singapore has the highest GDP per capita in Asia
What is France's GDP per capita?
The GDP per capita of France in 2009 was $33,679. It is comparable to Finland and Germany.
