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GDP is purchases from consumers, investments and purchases from businesses, government spending, and net exports, and most of GDP comes from consumer spending.
Americans have a lot of money compared to the rest of the world, so we spend a lot of money.
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∙ 9y ago
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Is it better to have a high GDP or a low GDP?
High GDP because it means more money.
What is the US' current GDP?
The 2012 estimate for the US' GDP was $15,650,000,000,000.
What is the best market in the world Large population High GDP growth or 0 unemployment?
The best market in the world is one with high GDP growth and 0 unemployment, but this type of market is also very rare.
Is a high GDP per capita good?
Yes it is good to have a high GDP per capita.
What percentage of the US GDP is from oil?
oil makes up approximately 2.6 percent of the US GDP. The Us has a GDP of 13,926.7 billion dollars, and oil the oil market in the US is worth about 366.2 billion.
Is Romania's GDP high or low?
The GDP per capita in Romania is low; for 2009 was cca. 7 300 US $.
How does literacy rate impact a GDP?
the GDP does not affect the literacy rate. The literacy rate affects the GDP. normally the higher the literacy rate, the higher the GDP, but not always. Some countries can have a very high literacy rate, but not a high GDP. but most of the time the higher the literacy rate, the higher the GDP and standard of living.
Is it better to have a high GDP or a low GDP?
High GDP because it means more money.
What is the US' current GDP?
The 2012 estimate for the US' GDP was $15,650,000,000,000.
What was the GDP of us in 1919?
In the year 1919, the GDP of US was at 78.3. The GDP rose to 88.4 in the following year.
What is the best market in the world Large population High GDP growth or 0 unemployment?
The best market in the world is one with high GDP growth and 0 unemployment, but this type of market is also very rare.
Is a high GDP per capita good?
Yes it is good to have a high GDP per capita.
How much bigger is the GDP of US than china?
Because of China's secrecy and the unreliability of the figures they publish, it is very difficult to tell how much bigger the GDP of the US is compared to China. Even so, experts estimate that there isn't much difference between both countries and China will have a larger GDP than the US by 2017.
Is Greece a developed or developing country?
Greece is a developed country with a very high human development index (HDI) and high GDP per capita.
What is Haiti's GDP?
The GDP of haiti is $6.95 Billion US Dollars
What was the US GDP in 2007?
What is the gross domestic product for 2007?
What percentage of the US GDP is from oil?
oil makes up approximately 2.6 percent of the US GDP. The Us has a GDP of 13,926.7 billion dollars, and oil the oil market in the US is worth about 366.2 billion.
