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Why does equilibrium real GDP occur where C plus Ig equals GDP in a private closed economy?
The equilibrium and the real GDP usually occurs where C plus LG equals GDP in a private closed economy because of the balance in trade.
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 feature do the countries of Paraguay and Bolivia share which could account for their low GDP?
They are both landlocked.
Value added in a nation equals A-the value of intermediate products B-the value of investment goods C-the difference between production and income or D-GDP?
GDP
Define potential GDP under what circumstances does actual real GDP fall short of potential GDP equal potential GDPand exceed potential GDP?
Potential GDP is basically the sum of growth in productivity, growth in labor force, and growth in number of hours worked. In a mature economy like the US, change in number of hours worked is insignificant and often ignored. -Potential GDP is the level of real GDP that the economy would produce if it were at full employment. When real GDP falls short of potential GDP the economy is not at full employment. When the economy is at full employment real GDP equals potential GDP. Real GDP can exceed potential GDP only temporarily as it approaches and then recedes from a business cycle peak.
What is India's share of world GDP?
In terms of GDP(nominal) its app. 2% of world GDP.
Share of agriculture income in GDP of Pakistan?
share of agriculture in GDP 24% in pakistan
Why does equilibrium real GDP occur where C plus Ig equals GDP in a private closed economy?
The equilibrium and the real GDP usually occurs where C plus LG equals GDP in a private closed economy because of the balance in trade.
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. :)
The component of the US GDP are?
I'll give you the expenditure approach Consumption- share of GDP from consumer spending Investment-share from firm investment Government Spending-share of government spending Net Exports (exports-Imports)
Share of insurance sector in GDP of whole world?
4%
In 2006 total GDP of US represented what percentage of world's GDP?
27.36% of the world's economy. World's economy is $48,244,879 and USA share is $13,201,819
What is the GDP in Latin America?
The combined GDP of all Latin American nations (Mexico, Central America, the Caribbean and South America) equals some 5.65 trillion or one third (33.6%) of the United States' GDP.
Is the unlawful recruitment of children by government or nongovernment armed forces?
Child Soldiering.
What feature do the countries of Paraguay and Bolivia share which could account for their low GDP?
They are both landlocked.
Value added in a nation equals A-the value of intermediate products B-the value of investment goods C-the difference between production and income or D-GDP?
GDP
What is 70000 pounds in 1896 worth now?
£70000 from 1896 is: £6,010,000.00 using the retail price index £7,550,000.00 using the GDP deflator £33,100,000.00 using the average earnings £39,900,000.00 using the per capita GDP £62,200,000.00 using the share of GDP from measuringworth.com
