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The US' GDP is $15,094,025,000,000 for both Nominal and Purchasing Power. This the largest of any country.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoThe US' GDP is $15,094,025,000,000 for both Nominal and Purchasing Power. This the largest of any country.
Wiki User
∙ 11y agoAs of 2011, the US' GDP is $15,094,025,000,000 for both Nominal and Purchasing Power. This the largest of any country. You will have to wait until the end of 2012 for the 2012 listings.
Radin Attar
I'm not exactly 100% sure but I think it's somewhere in the ballpark of 19-20 trillion
Wiki User
∙ 10y ago123
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Which of these is calculated in current dollar values?
nominal GDP
In the definition of GDP the words total market value refer to total?
dollar value at current prices
What has been adjusted to remove inflation is called nominal GDP?
A gross domestic product (GDP) value that is at face value and has not been adjusted in any way, for inflation or any other reason, is known as a "nominal GDP." It is sometimes also called a "current dollar GDP."
How do you convert Current GDP into real dollars?
Real GDP equals GDP in current dollars divided by the Implicit GDP price deflator, times one hundred. :)
What is the present GDP and GNP of India?
current GDP rate
Which of these is calculated in current dollar values?
nominal GDP
What is the GDP of US in dollars in2012?
According to the U.S Department of Commerce: Bureau of Economic Analysis as of current July 29, 2012 1st quarter performance was an increase of 4.2% or $157.3 Billion in current dollar GDP 2nd quarter performance was an increase of 3.1 % or $117.6 Billion in current dollar GDP The total levels total is at $15,595.5 billion in current U.S. dollars GDP
What is the difference between current dollars and constant dollars?
While the Current Dollar or Nominal GDP does not account for changes in the rate of inflation from one period to another, knowing the figure can still be helpful in a couple of ways. First, the Current Dollar calculation represents the market value of goods and services that are produced in the economic period under consideration. In other words, the figure represents the reality of the worth of the goods at the time they were produced. Knowing this figure is helpful in understanding exactly what was happening within a given economy at that point in time. Often, this information can help explain economic trends that emerged in later periods and why they took place. Another benefit of knowing Current Dollar GDP is that it forms the basis for comparing the actual or real amount of growth that took place between two different economic periods. By dividing Current Dollar GDP by what is known as the GDP deflator, it is possible to allow for changes in the rate of inflation between two different years. Doing so allows comparisons of the Gross Domestic Product of two different periods in terms that truly demonstrate the relative value of goods and services between the two periods. It also helps show whether there was truly any growth in the economy. For example, assume the most recently completed economic period is identified as Year A, while the previous economic period is known as Year B. If the nominal, or Current Dollar, GDP for Year A is $100B in United States dollars and the GDP deflator is 5%, this makes the Real GDP for Year A $95.24B USD. If the Current GDP for Year B came to $92B USD, then true economic growth occurred. However, if Year B had a nominal, or Current, GDP of $96B USD, this formula will reveal that the economy declined, even though there was an increase in Current Dollar GDP from Year B to Year A.
GDP of Pakistan in 2008 2009?
GDP of Pakistan was estimated to be about 165 Billion US Dollar at current prices for the year 2008-09.
In the definition of GDP the words total market value refer to total?
dollar value at current prices
What has been adjusted to remove inflation is called nominal GDP?
A gross domestic product (GDP) value that is at face value and has not been adjusted in any way, for inflation or any other reason, is known as a "nominal GDP." It is sometimes also called a "current dollar GDP."
How do you convert Current GDP into real dollars?
Real GDP equals GDP in current dollars divided by the Implicit GDP price deflator, times one hundred. :)
What will India's GDP in India?
The current GDP of India is about 8.9
What is the present GDP and GNP of India?
current GDP rate
Why is Gross Domestic ProductGDP measured in current dollars?
GDP is measured in current dollar because dollar has its value stability with comparision to any other currency . Earlier pound was used as the unit but it lost its position becoz its value started deterioting.
When can GDP increase at a faster rate than real GDP?
the value of the dollar is stable
What is the US' current GDP?
The 2012 estimate for the US' GDP was $15,650,000,000,000.
