0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Which component(s) of U.S. real GDP decreased in size relative to total U.S. real GDP from 1950 to 2000?
agriculture
If GDP increased by 5 percent and real GDP increased by 5 percent what has happened to the average price level?
If (nominal) GDP and real GDP are equal then average price levels are constant.
Growth of real GDP in the US has averaged slightly more than 5 percent annually since 1950?
true
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)
Which component(s) of U.S. real GDP decreased in size relative to total U.S. real GDP from 1950 to 2000?
agriculture
What was the annual rate of growth of world GDP between 1950 and 1973?
5
What was one reason for the huge rise in japan GDP from 1950 to 1970?
slaves
If GDP increased by 5 percent and real GDP increased by 5 percent what has happened to the average price level?
If (nominal) GDP and real GDP are equal then average price levels are constant.
What conclusions about the 1950 did john Kenneth Galbraith reach in his book the affluent society?
GDP
When did Battle of Yongdong happen?
Battle of Andong happened in 1950-07.
What is an events happened in 1941-1950?
what is events that happen in 1941-1950
Growth of real GDP in the US has averaged slightly more than 5 percent annually since 1950?
true
What happened on October 28 1950?
Torcida Split was founded on October 28, 1950.
What happened to Korea in 1950?
Korean war
What happened in America 1950?
Women were oppressed.
What happened in the 1950 - 1960?
Elizabeth ]]was crowned as queen.
