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Q: How do people measure how well a country is doing economically?
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How is real GDP calculated?

GDP refers to gross domestic product, and is a way to measure how well a country is doing economically. To calculate it, divide the nominal GDP by the inflation rate.


What is the South African government doing to reduce poverty in the country?

provide people jobs


What does it mean if the Gross National Product GNP goes up?

NothingIf the gross national product goes up this means the nation as a whole is moving toward prosperity. A higher gross national product number means the country is doing well economically.


When a country brings in goods that were made in another country what is it doing?

importing


How can the social development of a country help to improve its economic development?

For a country to be economically developed, it is important for the government to provide a lot of necessaties to the residents especially education and the others include water and sanitation, health facilities, etc. If the government is stabalized and everything is under control, then only the residents would be satisfied and start working and taking interest in occupations like farming, fishing, etc. Other than theses occupations workers with more specialized education, will prefer for handling a business or doing jobs or manufacturing industries. If the workers will be trained and will be professionals than there would be a better work force which will also attract foreign investment in our country. This is how the country will be perfectly, economically developed by the help of the perfection social developement.

Related questions

How is real GDP calculated?

GDP refers to gross domestic product, and is a way to measure how well a country is doing economically. To calculate it, divide the nominal GDP by the inflation rate.


Why is zambabwe poor?

I am doing a project about a country is Africa and that is zimbabwe. Zimbabwe is the country less developed economically than other countries because they have lots of problems.


Is Lisbon a more economically developed country?

Lisbon is not a country! It's the capital of Portugal. And it does not belong to the economic giants. But it is doing well and developing at a good pace.


What group of people did not do well economically speaking during the great depression?

Farmers were not doing good during the Great Depression.


What are the risks of doing business in Czech Republic?

Czech REpublic is a very politically and economically stable country, so there aren't really any big risks.


What did the Berlin Wall stop people from doing?

from getting in the country


If an arc has the given degree measure what is the measure of the central angle that intercepts the arc?

tsk tsk........ you should be doing your homework by yourself. the people on the internet shouldn't be doing it. im disapointed in you.


When is the country going to realize what they doing about recycling?

When enough people start to bother about it!


Socio economic condition of slum dwellers?

You have your answer in your question. Any one who lives in a slum is not doing well economically. They are poor. People live where they can afford and no one rushes to live in a slum.


Should people be allowed to bad mouth the government?

i think they should because then people know if the government is doing its job and it is a comment to the government what needs doing in there country


What is the South African government doing to reduce poverty in the country?

provide people jobs


What do you call people from Andorra?

You call Andorra people Andorran people, i know, im doing a report on the country...their language is called Catalan