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What is Belgium GDP?

At December 2010, the Belgian GDP was 471,11 billion $. Use Google (GDP BELGIUM) for up-to-date information.


What is the GDP flow of product Approach?

the GDP flow of product approach is calculated by summing up consumption and investments and government and net exports.=GDP= C+ I+ G+ Net exports==where net exports = exports - imports=the GDP flow of product approach is calculated by summing up consumption and investments and government and net exports.=GDP= C+ I+ G+ Net exports==where net exports = exports - imports=


Are volunteer services counted in the GDP?

There is a trend to include them in GDP along with arts and music as they are significant in make up around the world ( around 5% of GDP) exceeding utility sectors such as water, gas, and electricity. Depending on where you look, volunteerism may meet or exceed banks and financials as far as GDP contribution! UN Source: http://www.unv.org/en/news-resources/news/doc/volunteering-accounts-for-5.html


What percentage of the US GDP is from oil?

oil makes up approximately 2.6 percent of the US GDP. The Us has a GDP of 13,926.7 billion dollars, and oil the oil market in the US is worth about 366.2 billion.


What are the factors affecting economic growth in the UK?

Economic growth is measured by an increase in the real Gross National Product of a country or its GDP. There are two types of economic growth, long run and short run economic growth. Short run economic growth is caused by an increase in the aggregate demand of an economy, otherwise referred to as AD. AD is made up of four factors, consumption, investment, government spending and the net worth of imports and exports. An increase in any of these factors can lead to an increase in real GDP. Long run economic growth is caused by an increase in the quality or quantity of the factors of production of the economy. These FOP's are land, labour, capital and enterprise. An increase in any of these factors will cause an increase in the potential output of an economy meaning it has the potential to produce more.