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What are the various methods that economists use to evaluate a nation's economic growth?
Wiki User
∙ 14y ago
Economists measure a country's output. Also known as the Gross Domestic Product which is the basicly everything a country produces. GDP can be calculated in a couple different ways with the same result, most of the time it's calculated with the expenditure approach which is where they calculate all spending on 'final products' and services. When GDP increases from year to year it's considered growth.
Wiki User
∙ 14y ago
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What Economists use per capital GDP to measure and compare nations relative?
Population
A nations plan for answering the key economic problems is called its economic?
Economic System
Economists use per capita GDP to measure and compare nations' relative?
It's Wealth :P NovaNet sucks....haha
What was the nations economic situation in 1930?
Brandon
Why economic advantage for a develop nation often a disadvantage for a developing nation?
An economic advantage for a developed nations sometimes allow them to exploit developing nations. For instance, more money and resources allow bigger nations to exploit labor in undeveloped nations.
What has the author Reginaldo C Morais written?
Reginaldo C. Morais has written: 'Celso Furtado' -- subject(s): Biography, Economic development, Economic policy, Economists, United Nations, United Nations. Economic Commission for Latin America 'Neoliberalismo' -- subject(s): Free enterprise, Liberalism, Capitalism
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.
What Economists use per capital GDP to measure and compare nations relative?
Population
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
What is the tool that economists often use as a rough measure of a nations prosperity?
Per Capita GDP
Examples of geographic knowledge was generated using primarily economic tools and methods?
Geographic knowledge can be generated using economic tools and methods through spatial analysis of resource distribution, market trends, and trade flows. For example, using input-output modeling to analyze interdependencies between different regions or applying cost-benefit analysis to assess the economic impacts of infrastructure development on a specific geographic area. Economic tools can help uncover patterns and relationships that inform decision-making in various geographic contexts.
When was United Nations Economic Commission for Africa created?
United Nations Economic Commission for Africa was created in 1958.
A nations plan for answering the key economic problems is called its economic?
Economic System
What do wealthy nations gain from the economic advancement of poor nations?
The wealthy nations gain market expansion, if they are wise enough to see the potential. Therefore they should invest in the economic advancement of the poor nations
What was the nations economic situation in 1930?
Brandon
What are some economics in the core regions?
Economists have identified regions of the world called core regions of economic development. The core regions are North America, Europe and Japan. China is not currently listed because it does not have the model as described below: The core regions have these characteristics; they have economic diversification; * The nations have a high standard of living; * They are leaders in technology;and * Productivity levels are high.
Economists use per capita GDP to measure and compare nations' relative?
It's Wealth :P NovaNet sucks....haha
