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What do economists look at to measure a nation's overall performance in the global economy?
Wiki User
∙ 11y ago
i believe its balance of trade
Wiki User
∙ 11y ago
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What Economists use per capital GDP to measure and compare nations relative?
Population
Economists use per capita GDP to measure and compare nations' relative?
It's Wealth :P NovaNet sucks....haha
What is one measure of how much value a nations economy generates compared to the size of its population?
Per capita gross domestic product
Why do economists oppose policies that restrict trade among nations?
Economists oppose because besides gaining from trade there are some disadvantages that a nation face.... Free trade implies open access to the economy of any nation and thus the economy of a nation can be influenced by the activities of other nations... trade helps nation in specialization of producing that goods in which it has comparative advantage i.e which it can produce with lower opportunity cost... If a nation specialize in only one commodity production neglecting others then it would have to be dependable to other nations for other commodities..thus it may expand the economy of others but not its own... often international trade becomes beneficial when one can get goods at lower price than its price in own country,but it causes the internal industries as well as economy to break down.... so to expand own economy as well as development a nation should restrict its trades protecting own industries....
What kind of economy do most nations in the world today use?
mixed economy
What Economists use per capital GDP to measure and compare nations relative?
Population
What is the tool that economists often use as a rough measure of a nations prosperity?
Per Capita GDP
Economists use per capita GDP to measure and compare nations' relative?
It's Wealth :P NovaNet sucks....haha
What is one measure of how much value a nations economy generates compared to the size of its population?
Per capita gross domestic product
What is one measure of how much a value a nations economy generates compared to the size of its population?
Per capita gross domestic product
Why do economists oppose policies that restrict trade among nations?
Economists oppose because besides gaining from trade there are some disadvantages that a nation face.... Free trade implies open access to the economy of any nation and thus the economy of a nation can be influenced by the activities of other nations... trade helps nation in specialization of producing that goods in which it has comparative advantage i.e which it can produce with lower opportunity cost... If a nation specialize in only one commodity production neglecting others then it would have to be dependable to other nations for other commodities..thus it may expand the economy of others but not its own... often international trade becomes beneficial when one can get goods at lower price than its price in own country,but it causes the internal industries as well as economy to break down.... so to expand own economy as well as development a nation should restrict its trades protecting own industries....
What kind of economy do most nations in the world today use?
mixed economy
How did the panic of 1837 affect the the nation's economy?
it ruined the nations economy by no money
Which if these events can affect a nations economy?
all of these.!!
What is mixed economy in a sentence?
There any many nations in the world which have mixed economy. This is an example using the word mixed economy.
What powerful nations create large empires by controlling the economy and politics of the weaker nations?
Imperialism
What types of economy do most countries have?
Most nations have a Mixed Economy. Some, though, have a democratic.
