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A country with a high GDP has either high net exports (exports-imports) wherein it is has a good performance in trade, high FDI (foreign direct investment) from private firms outside the country, high consumption (its citizens are able to spend and acquire goods), and high government spending either for technological advancement, labor development, and infrastructure.
What else can I help you with?
Why is Britain a Most Economically Developed Country?
because the GDP for the country is high, the GDP stands for Gross Domestic Product, this is just a fancy way of saying how much money the country produces. GDP percapita is another way of saying the GDP but for one person. The higher the GDP the wealthier the country so England obviously has a high GDP. But don't be fooled knowing the GDP does not tell you how developed the country is England is a developed country because of things like adult literacy, life expantacy at birth, the amount of people working etc. Hope it helped
What can raise GDP in a country?
A recession.
How does the literacy rate affect the GDP per capita in each country?
Italy has a high literacy rate and the location is great so the GDP is high
How does a country's GDP help you determine if its economy is strong or weak?
A high GDP per capita is a sign of well-being and of a strong economy.
What does it mean if a country has a low GDP?
GDP is the value of all the final products sold in a country. Equivalently it is the total income of all those within a country. A low GDP simply means that the value of these measures are less than that of other countries. Basically, they are poor.
Why is Britain a Most Economically Developed Country?
because the GDP for the country is high, the GDP stands for Gross Domestic Product, this is just a fancy way of saying how much money the country produces. GDP percapita is another way of saying the GDP but for one person. The higher the GDP the wealthier the country so England obviously has a high GDP. But don't be fooled knowing the GDP does not tell you how developed the country is England is a developed country because of things like adult literacy, life expantacy at birth, the amount of people working etc. Hope it helped
What can raise GDP in a country?
A recession.
How does the literacy rate affect the GDP per capita in each country?
Italy has a high literacy rate and the location is great so the GDP is high
What country has a high GDP Bangladesh Congo or Saudi Arabia?
Saudi Arabia
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 shows if a country is richer or poor?
A country is considered richer if it has a high GDP per capita, strong economic growth, low levels of poverty and inequality, and a high standard of living. Conversely, a country is considered poorer if it has a low GDP per capita, limited economic opportunities, high poverty rates, and low standards of living.
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.
How does a country's GDP help you determine if its economy is strong or weak?
A high GDP per capita is a sign of well-being and of a strong economy.
Is Greece a developed or developing country?
Greece is a developed country with a very high human development index (HDI) and high GDP per capita.
What does it mean if a country has a low GDP?
GDP is the value of all the final products sold in a country. Equivalently it is the total income of all those within a country. A low GDP simply means that the value of these measures are less than that of other countries. Basically, they are poor.
Is it better to have a high GDP or a low GDP?
High GDP because it means more money.
Is Malaysia a rich country?
No.
