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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.
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∙ 15y ago
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Why if India is a top industrial country is its GDP so low?
This is because India is still a developing country.
Is it better to have a high GDP or a low GDP?
High GDP because it means more money.
Is Norway a low income country?
Norway has a high GDP and is not a low income country at all. Norway ranks in the top 10 of every positive economic indicator used to measure prosperity.
What does GDP - composition by sector mean?
It means that how the earnings of the country are made from, doctor or whatever
What is GDP par capita?
The GDP (gross domestic product) of a country divided by that country's population.
Was Haiti the poorest Country in the world in 2010?
No, Haiti wasn't the poorest country, but was definitely having economic troubles. Haiti has always had a low GDP and GDP per capita, but a moderate GDP growth rate and a considerably low debt rate.
Why if India is a top industrial country is its GDP so low?
This is because India is still a developing country.
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
Why is Romania a developping country?
Because the the GDP is very modest.Because the GDP per capita is very low and the economy was destroyed after 1990 by the so called "democrats".
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.
Has Ghana got a low GDP?
Yes. It's higher than much of Africa but remains that of a developing country.
Is it better to have a high GDP or a low GDP?
High GDP because it means more money.
Is Norway a low income country?
Norway has a high GDP and is not a low income country at all. Norway ranks in the top 10 of every positive economic indicator used to measure prosperity.
What does GDP - composition by sector mean?
It means that how the earnings of the country are made from, doctor or whatever
What is a country's GDP?
A country's GDP is the market-valued sum of all its economic activity.
How does human capital influence a country GDP?
How does human capital influence a country's GDP positively
What is GDP par capita?
The GDP (gross domestic product) of a country divided by that country's population.
