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Why countries' well being differ even though their nominal GDP is same?
Wiki User
∙ 12y ago
some countries have too many people and little smarts or just smart but smartness that's not needed or can be used in there country.
Wiki User
∙ 12y ago
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What would happen if nominal GDP doubles over night what statistic would you need to check before you began to celebrate?
Check the inflation rate, and the real GDP. If inflation also is very high, nominal GDP could increase despite there not being any increase in output.
Why economy's income must equal its expenditures?
hy do economists use resl GDP rather than nominal GDP to gauge economic well-being?
Why do economists use real GDP rather than nominal GDP to gauge economic well being?
Real GDP calculations have been adjusted to factor in inflation. Nominal GDP calculations are not adjusted. It is harder to make valid comparisons across time if you don't adjust for price level differences.
Why are foreign countries building factories in Latin America?
Why are factories being built in latin America by foreign countries.
Why is Switzerland developed though its landlocked?
Being landlocked is no hinderence to being a developed country. You could claim it is an advantage. A land-locked country is surrounded on all 4 sides with other countries with which it can trade. A coastal countries only has trade partners on some sides. A coastal country needs ships and ports to trade. In former times, before railways, sea and river trade was faster and cheaper than overland. This is no longer the case.
What does nominal mean in a sentence stating at nominal or no cost?
In this context it means or implies "very little." "Nominal" means "in name only"--that is, technically there's a charge, but it doesn't really amount to anything. It's minimal. It's a token amount. Be a bit cautious, though. Your idea of "minimal" or "very little" might not be the same as that of whoever is doing the charging. In that context, nominal means small, as in low cost.
What countries does the river Yangtze run though?
Only one, China. It used to be two, with Tibet being the other country.
What are the 50 countries?
As of 2021, there are 195 countries in the world. The 50 countries can vary depending on the context in which the question is being asked - for instance, if you are referring to the contiguous United States, the list would differ from a list of the 50 most populous countries in the world.
Can a citizen be disowned by her countrry?
Yes it is called being Exiled, it is very uncommon practice nowadays. However it is still practiced in middle east countries and eastern European countries. Rarely though.
What is precision resistor?
A precision resistor is a resistor that has an actual value that is very close (or precise) to its nominal (or stated value). Therefore, precision resistors have a very degree of accuracy of being very close to their nominal values.
How did niels bohr differ from ernest Rutherford?
By him being him.
What is devolping country?
A developed country is a country that has a high level of development according to some criteria. Which criteria, and which countries are classified as being developed, is a contentious issue. According to the International Monetary Fund, advanced economies comprise 65.8% of global nominal GDP and 52.1% of global GDP (PPP) in 2010[1].Countries not fitting such definitions are classified as developing countries or undeveloped countries.An example of a developed country is The United States
What is a devolped country?
A developed country is a country that has a high level of development according to some criteria. Which criteria, and which countries are classified as being developed, is a contentious issue. According to the International Monetary Fund, advanced economies comprise 65.8% of global nominal GDP and 52.1% of global GDP (PPP) in 2010[1].Countries not fitting such definitions are classified as developing countries or undeveloped countries.An example of a developed country is The United States
Where is the Queen Elizabeth the second coin from?
Queen Elizabeth II appears on all British coins from 1953 to present day. Traditionally, British coins do not have the country name marked on them. Also, being the nominal or titular head of state of many of the 50 plus British Empire/Commonwealth countries, she would appear on the coins of many of those countries as well. Most, if not all of these countries should show the country name on the coin.
Is china and Russia undeveloped countries?
The asian side of Russia is being disputed as undeveloped. Parts of China would be undeveloped. Overall though it could be disputed that they are developed
How the mushroom differ from the other living things?
by being fun guys.
How do USPS rates differ among packaging?
USPS rates differ among the weight and size of the packaging. The rates also differ according to the place it is being sent to and the type of shipping that is used.
