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What Economists use per capital GDP to measure and compare nations relative?
Population
Who said to increase its wealth a nation must increase its productivity?
The idea that to increase its wealth a nation must increase its productivity is commonly attributed to economists like Adam Smith and later, more explicitly, to economists in the classical and neoclassical traditions. Smith's seminal work, "The Wealth of Nations," emphasizes the importance of productivity in generating wealth. This principle has been built upon by many economists over the years, linking productivity growth to economic prosperity and national wealth.
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 impact does purchasing power party have on the global economy?
Purchasing power parity (PPP) affects the global economy by influencing exchange rates and the cost of goods and services across countries. It helps to compare the relative value of currencies and standard of living in different nations. PPP can impact trade, investment, and economic policies, ultimately shaping the overall economic landscape on a global scale.
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?
Gross Domestic Product (GDP) is the tool that economists often use as a rough measure of a nation's prosperity. It represents the total monetary value of all goods and services produced within a country's borders in a specific time period.
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.
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.
Where do you measure with inches and ounces?
Mainly the US and minor nations.
