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GDP= C+I+G+(X-M)
C= Consumption
I= Investment
G= Gov't spending
X= Exports
M= Imports
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Umeployement increase when real GDP increases or real GDP decreases or output increases?
Unemployment causes GDP to decrease. GDP means gross domestic product. If there are no employees to create a product, the GDP goes down.
How does an investment in human capital and capital goods affect GDP?
The more you invest in human capital the higher your GDP goes.
What is the approximate percentage of GDP in the United states that goes unreported because of the underground economy?
15%
How does the change in consumer behavior affect the net trade sector of US gross GDP?
The change in consumer behavior affects the net trade sector of US gross GDP in a proportional manner. If the consumer behavior goes in the negative, then the GDP also drops.
Why the expenditure and factor income approaches for measuring GDP yield the same results?
Because what goes in must come out.....
Umeployement increase when real GDP increases or real GDP decreases or output increases?
Unemployment causes GDP to decrease. GDP means gross domestic product. If there are no employees to create a product, the GDP goes down.
How does an investment in human capital and capital goods affect GDP?
The more you invest in human capital the higher your GDP goes.
What will happen to GDP if Suppose police become more efficient and you hire fewer police officer?
GDP will decrease because, GDP is considered with the Quantity not with theQuality. Therefore Less service provided, cause less output, so GDP goes down.
What is the approximate percentage of GDP in the United states that goes unreported because of the underground economy?
15%
How does the change in consumer behavior affect the net trade sector of US gross GDP?
The change in consumer behavior affects the net trade sector of US gross GDP in a proportional manner. If the consumer behavior goes in the negative, then the GDP also drops.
Why the expenditure and factor income approaches for measuring GDP yield the same results?
Because what goes in must come out.....
How do you calculate nominal GDP at market price?
Nominal GDP is GDP evaluated at current market prices. Therefore , nominal GDP wil include of the changes in market prices that have occurred during the current year due to inflation or deflation. Nominal GDP= GDP deflator.real GDP/100 Real GDP is GDP evaluate at the market price of some base year. GDP deflator --- Using the statistics on real GDP and nominal GDP, one can calculate an implecit index of the price level for the year. This index is called GDP deflator. GDP deflator = nominal GDP/real GDP .100 The GDP deflator can be viewed as a conversion factor that transform real GDP into nominal GDP. Note that in the base year, real GDP is by definition equal to nominal GDP so that the GDP deflator in the base year equal to 100.
What is the top ten poorest countries in Southeast Asia GDP?
TOP ELEVEN COUNTRIES IN SOUTH EAST ASIA BY GDP(GROSS DOMESTIC PRODUCT ) East Timor (GDP 499 ) Laos (GDP 5,260 ) Cambodia (GDP 11,182 ) Myanmar (GDP 27,182 ) Vietnam (GDP 89,829 ) Philippine (GDP 168,580 ) Hong kong (GDP 215,559 ) Malaysia (GDP 222,219 ) Thailand (GDP 273,248) Taiwan (GDP 392,552 ) Indonesia (GDP 511,765)
How do you calculate deflation rate?
Real GDP is the GDP during your chosen base year, and nominal GDP is the GDP of the year on which you are focusing. The GDP deflator from 1990 to now (2013) is: GDP (2013)/ GDP (1990) * 100%
Explain real GDP vs potential GDP?
Potential GDP is the total numerical value of GDP before inflation is counted in. Real GDP is nominal GDP adjusted for inflation
How do you calculate percent change in normal GDP?
It is 100*(New GDP - Old GDP)/Old GDP
If intermediate goods are included in GDP what would happen to the GDP?
the GDP would be overstated
