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What is positive gdp?
A actual increase in GDP.
How does a country's GDP help you determine if its economy is strong or weak?
A high GDP per capita is a sign of well-being and of a strong economy.
When there are sustained increases in real GDP over time we say that the economy is undergoing?
Economic growth. Since that is basically the definition of a growing economy, steady increase in GDP
How economic growth of a country is measured?
Economic Growth can be defined as an increase in output produced by an economy in a period of time (usually a year) or an increase in the ability of an economy to produce goods and services. Economic Growth itself can be measured by measuring an increase in GDP, Real GDP (GDP adjusted for inflation), or Real GDP per capita (a measure of standard of living) which means the increase in real output per person.
Does a economy GDP increase if foreign industry set up its plant in that country?
yes
What is positive gdp?
A actual increase in GDP.
How does a country's GDP help you determine if its economy is strong or weak?
A high GDP per capita is a sign of well-being and of a strong economy.
When there are sustained increases in real GDP over time we say that the economy is undergoing?
Economic growth. Since that is basically the definition of a growing economy, steady increase in GDP
How economic growth of a country is measured?
Economic Growth can be defined as an increase in output produced by an economy in a period of time (usually a year) or an increase in the ability of an economy to produce goods and services. Economic Growth itself can be measured by measuring an increase in GDP, Real GDP (GDP adjusted for inflation), or Real GDP per capita (a measure of standard of living) which means the increase in real output per person.
GDP increase means positive or negative?
Positive. GDP means Gross Domestic Product and is the economic indicator for the total market value of a countries output of goods.
Does a economy GDP increase if foreign industry set up its plant in that country?
yes
If a some level of GDP the economy is experiencing an unintended decrease in inventories?
domestic output will increase
In 2000 year the economy produced real GDP as a 100 and nominal GDP was 100 but in 2001 economy produced 110 so nominal is 110 what is the real GDP and why?
what is GDP in economy
When will the real GDP be higher than norminal GDP?
When there is a deflation in an economy (with the growth is still positive.) This is due to the fact that the value of money increase during a deflation (as opposed to inflation.) However, growth during this period is very difficult since deflation is characterized largely by deffered consumption and investments.
When will real GDP be higher than norminal GDP?
When there is a deflation in an economy (with the growth is still positive.) This is due to the fact that the value of money increase during a deflation (as opposed to inflation.) However, growth during this period is very difficult since deflation is characterized largely by deffered consumption and investments.
What are the causes of inflationary gap?
Inflationary gaps can arise when the economy has grown for a long time on the back of a high level of aggregate demand. Total spending may rise faster than the economy's ability to supply goods and services. As a result, actual GDP may exceed potential GDP leading to a positive output gap in the economy.
Which economy is the closest economy to us economy?
China. China's GDP is 13 trillion whereas the US' GDP is 18 trillion
