What was Turkey's GDP in 2000?
Asked in Ranching, Farm Crops, Turkeys
How many turkeys were raised and sold in the US in the year 2000?
Asked in Collective Nouns
What is the collective nouns for turkeys?
Collective nouns for turkeys are: a brood of turkeys a clutch of turkeys a crop of turkeys a dole of turkeys a dule of turkeys a flock of turkeys a gang of turkeys a herd of turkeys a mob of turkeys a muster of turkeys a posse of turkeys (wild males) a raffle of turkeys a raft of turkeys a rafter of turkeys a run of turkeys (wild) a school of turkeys On the lighter side : Our forebears would have called them "Thanksgiving Day"!
Asked in Economics
Is the value of a house built in 2000 and resold in 2009 included in the GDP of 2009?
Asked in Turkeys
What is the difference between turkeys and wild turkeys?
Asked in Economics
What is the difference between real GPD and nominal GDP?
D Nominal GDP Growth vs. Real GDP Growth GDP, or Gross Domestic Product is the value of all the goods and services produced in a country. The Nominal Gross Domestic Product measures the value of all the goods and services produced expressed in current prices. On the other hand, Real Gross Domestic Product measures the value of all the goods and services produced expressed in the prices of some base year. An example: Suppose in the year 2000, the economy of a country produced $100 billion worth of goods and services based on year 2000 prices. Since we're using 2000 as a basis year, the nominal and real GDP are the same. In the year 2001, the economy produced $110B worth of goods and services based on year 2001 prices. Those same goods and services are instead valued at $105B if year 2000 prices are used. Then: Year 2000 Nominal GDP = $100B, Real GDP = $100B Year 2001 Nominal GDP = $110B, Real GDP = $105B Nominal GDP Growth Rate = 10% Real GDP Growth Rate = 5% Once again, if inflation is positive, then the Nominal GDP and Nominal GDP Growth Rate will be less than their nominal counterparts. The difference between Nominal GDP and Real GDP is used to measure inflation in a statistic called The GDP Deflator. Real GDP values the production of goods and services at constant prices and nominal GDP values them at their current prices. Real GDP is normally considered the better measure of GDP. Nominal GDP is the calculation of national output using the quantity of the produced goods multiplied by the prices of that year. Real GDP is the same calculation of national output but is adjusted for inflation. Inflation is the rate of change of the level of prices of goods. The reason inflation has to be accounted for is because if the same number of goods is produced in a subsequent year but the prices increase, then the Nominal GDP will be skewed to be larger than it really is. In order to obtain Real GDP, a price index from previous years. The most frequently used price index is the CPI. It is an index weighted so that each part of the bundle is equal to the share of total expenditure. real gdp is based on constant prices; nominal gdp is based on the current year's prices (gradpoint)
Asked in Economics
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.
Asked in Economics, Asia
What is the top ten poorest countries in Southeast Asia GDP?
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)