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12y ago

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What does GDP stand for in market economy?

Gross domestic product (GDP).


What was the UKs GDP inthe 1960s?

what was the UKs GDP in the 1960s;and where did it stand in the league of major European countries and where does it stand today.


What do the letters of GDP stand for?

Gross Domestic Product


What does synthetic GDP mean?

. The synthetic GDP was calculated by the source's authors, and is a calculation of what a country's GDP per capita would have been had there been no EU


What does it mean if real GDP were growing faster then nominal GDP?

It means that inflation is negative, also known as deflation.


Where India and Pakistan stand in world economy?

According to Nominal GDP sector composition, January 2005India -12Pak- 41-----------------------------According to GDP (nominal) 2009India -11Pak- 45


If per capita GDP is growing does that mean that everyone is better off economically?

No per capita GDP is only an average figure it does not mean everyone is more prosperous


Can GDP be zero and if so what does that mean for the country with a zero GDP?

The GDP of a country - or even a large community - cannot be zero. Zero GDP implies that there is no output (goods or services), nobody spends anything (on things from inventories or imports), nobody earns anything.


What does GDP mean in baseball stats?

GDP-Grounded into Double Play -imzy.


Who is richer china or England?

Do you mean as total gdp? China ofcourse.


What does the economic term GDP term mean?

Gross Domestic Product


What does real GDP mean?

Real GDP means Real Gross Domestic Product. It is an inflation-adjusted measure that reflects the value of all goods and services produced in a given year.