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Why economist not want to count products more than once to figurate GDP?
By only counting the prices of final goods and services, the government does not count the same product twice.
Why are economist so concerned with GDP?
GDP is the most accurate way to determine if the economy is performing well.
Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP?
Growth in real GDP is the only true indicator of weather or not an economy is growing.
How does an economist compare the standard of living in two different countries?
by comparing real GDP per capita
Is purchase of stocks and bonds part of GDP?
No it is not a part of GDP. However, if you paying some kind of fees for you broker to do certain trnsaction this would be count as a part o GDP
Why economist not want to count products more than once to figurate GDP?
By only counting the prices of final goods and services, the government does not count the same product twice.
Why are economist so concerned with GDP?
GDP is the most accurate way to determine if the economy is performing well.
Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP?
Growth in real GDP is the only true indicator of weather or not an economy is growing.
How does an economist compare the standard of living in two different countries?
by comparing real GDP per capita
Is purchase of stocks and bonds part of GDP?
No it is not a part of GDP. However, if you paying some kind of fees for you broker to do certain trnsaction this would be count as a part o GDP
What do economists count when computing G D P?
dk
What is per capita GNP of turkey?
According to the Economist Turkey's Per Capita GDP is $8,900.
Why do economists compute real GDP?
Economist compute real GDP because different regions have varying price levels. Price levels reflect the value of money itself. If GDP is not accounted for the value of money, then nominal GDP results and it represents real production * its value in the local currency. Since not all currency is equal in value, this will overvalue some GDPs and undervalue others. Real GDP removes money from the equation and allows for direct comparison.
Does GDP include the money made by selling natural resources like oil and ores?
Yes, but the exact way you would count that money depends on the method of GDP calculation that you use.
Who is the author of gross domestic product?
The GDP was first proposed by Simon Kuznets a Russian American economist from Wharton School of Business, University of Pennsylvania in a report for the US Congress in 1934
The top ten richest country?
World's Top Ten Richest Countries by GDP The Richest Country by GDP is the US with an annual GDP of $14.8 trillion. # United States of America. GDP = $14,839bn, GDP per head = $48,400, PPP = $48,400 # Japan. GDP = $5,388bn, GDP per head = $42,310, PPP = $35,710 # China. GDP = $4,818bn, GDP per head = $3,600, PPP = $6,830 # Germany. GDP = $3,440bn, GDP per head = $41,550, PPP = $36,100 # France. GDP = $2,734bn, GDP per head = $43,910, PPP = $35,750 # United Kingdom. GDP = $2,442bn, GDP per head = $39,470, PPP = $36,820 # Italy. GDP = $2,334bn, GDP per head = $40,150, PPP = $32,210 # Russia. GDP = $1,680bn, GDP per head = $11,880, PPP = $16,300 # Spain. GDP = $1,581bn, GDP per head = $34,540, PPP = $32,120 # Canada. GDP = $1,468bn, GDP per head = $43,860, PPP = $40,540 Source: Economist Intelligence Unit, The World in 2009. World's Top Ten Richest Countries by PPP It is clear from the above figures that the world's richest countries by GDP may not be the same when adjusted for PPP. The GDP per head in PPP (USA = 100), 2006, looks like this:# Luxembourg 172 # Qatar 160.8 # Bermuda 159.0 # Channel Islands 117.9 # Norway 113.9 # Brunei 113.5 # Singapore 101.7 # = Macau 100, USA 100 # Cayman Islands 99.6 # Kuwait 99.1
When was the Southtown Economist first published?
The Southtown Economist was first published in 1906. The Southtown Economist was originally named the Englewood Economist and in 1924 was renamed the Southtown Economist.
