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Economists use per capita GDP to measure and compare nations' relative?
Wiki User
∙ 11y ago
It's Wealth :P NovaNet sucks....haha
Wiki User
∙ 11y ago
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What Economists use per capital GDP to measure and compare nations relative?
Population
What are the two indicators nations rely on to measure global trade?
They are the balance of trade and the balance of payments.
What is ideal inflation rate in India?
When compare to developed nations, Indian ideal inflation rate should be around 3-4%
What is one measure of how much value a nations economy generates compared to the size of its population?
Per capita gross domestic product
Why do economists oppose policies that restrict trade among nations?
Economists oppose because besides gaining from trade there are some disadvantages that a nation face.... Free trade implies open access to the economy of any nation and thus the economy of a nation can be influenced by the activities of other nations... trade helps nation in specialization of producing that goods in which it has comparative advantage i.e which it can produce with lower opportunity cost... If a nation specialize in only one commodity production neglecting others then it would have to be dependable to other nations for other commodities..thus it may expand the economy of others but not its own... often international trade becomes beneficial when one can get goods at lower price than its price in own country,but it causes the internal industries as well as economy to break down.... so to expand own economy as well as development a nation should restrict its trades protecting own industries....
What Economists use per capital GDP to measure and compare nations relative?
Population
What is the tool that economists often use as a rough measure of a nations prosperity?
Per Capita GDP
How will be the India after 20 years?
It is an extremely relative question. but per many economists and looking at the current economic conditions and the financial growth of the country, India after 20 years can/will be a developed country and one of the leading nations in the world
How did the formation of the United Nations compare to the formation of the league nations?
Both were formed in response to a major war.
How does the quantity of energy used in developed nations compare with the quantity of energy used in developing nations?
industrialized nations use more energy
How does the promise of a nations constitution compare to it's reality?
yes
How did that compare with how leaders democratic countries such as Britain and France felt about using force against other nations?
How did WHAT compare?
How did China address Imperialism and How did it compare to how other nations approached Imperialism?
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What is one way that underdeveloped nations can increase growth in Gross Domestic Product?
Studies conducted by economists at the Federal Reserve Bank of New York indicate that under developed nations can benefit and increase their GDP by importing high technology products from developed nations. As a whole, trade between less developed nations and underdeveloped ones, have resulted in economic benefits for less developed nations.
Where do you measure with inches and ounces?
Mainly the US and minor nations.
How do the nations of southwest Asia compare to each other on the HDI?
tohar babu jaise
What famous work was authored by Adam Smith?
Adam Smith published "The Wealth of Nations" in 1776.
