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What else can I help you with?
Net factor income from abroad is positive or negative?
GNP = GDP + NFIA If NFIA positive, then GNP greater than GDP. +NFIA = GNP - GDP If NFIA negative, then GDP greater than GNP. -NFIA = GDP - GNP
Does GDP accurately reflect the nations welfare?
The gross domestic product, GDP, does not accurately reflect the nations welfare. It does provide an indication of the nation's economy, but it is only one of the component's of the well-being of a country. The GDP does not take into account household production, excluded production, and negative production.
What does GDP have to do with prosperity?
GDP is the gross domestic product. It is a pretty accurate indicator of the wealth of an entire nation. If a nation is wealthy, then chances are most of the people within that nation are somewhat wealthy as well.
Which factor is the best indicator of the wealth of a nation?
GDP
Which activities are excluded from GDP causing GDP to understate a nation's well being?
Military goods, underground economy and my as*hole
Net factor income from abroad is positive or negative?
GNP = GDP + NFIA If NFIA positive, then GNP greater than GDP. +NFIA = GNP - GDP If NFIA negative, then GDP greater than GNP. -NFIA = GDP - GNP
Does GDP accurately reflect the nations welfare?
The gross domestic product, GDP, does not accurately reflect the nations welfare. It does provide an indication of the nation's economy, but it is only one of the component's of the well-being of a country. The GDP does not take into account household production, excluded production, and negative production.
Is everyone in a country with a greater GDP wealthier than those in a nation with a lower GDP?
no
Which is the richest nation in Europe?
Germany has the largest GDP of any European nation. Luxembourg has the largest GDP per capita rate of any European nation, and any country of the world.
What does GDP have to do with prosperity?
GDP is the gross domestic product. It is a pretty accurate indicator of the wealth of an entire nation. If a nation is wealthy, then chances are most of the people within that nation are somewhat wealthy as well.
Which factor is the best indicator of the wealth of a nation?
GDP
Which activities are excluded from GDP causing GDP to understate a nation's well being?
Military goods, underground economy and my as*hole
What does it mean if real GDP were growing faster then nominal GDP?
It means that inflation is negative, also known as deflation.
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
What is the best measure of a nation's standard of living?
GDP per capita
What is the poorest island in the Caribbean?
The poorest island nation in the Caribbean is Haiti. They have a GDP per capita of just $1,300 per year. After that is Jamaica with a GDP of $9,300 and the Dominican Republic with a GDP of $9,800.
A large negative GDP gap implies?
high rae of unemployment
