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$63.03 Billion US dollars at current prices - 2009

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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


If intermediate goods are included in GDP what would happen to the GDP?

the GDP would be overstated

Related Questions

Is Croatia poorer than England?

Croatia does have a smaller GDP per capita than UK.


Gdp per capita of Croatia?

Currently it is around $15,628.


Is Croatia a strong country?

Somewhat. Croatia has a medium sized economy, but a poor GDP growth rate. However, they also have a moderately high development index.


Is craotia a good country?

Yes, Croatia is a good country. It is the second most developed nation of the former Yugoslav republics, after Slovenia. Croatia has a moderately high development, a medium sized economy, but a poor GDP growth rate. It is also going to be joining the EU in 2013.


Is Croatia a medc or a ledc?

Unfortunately not at the moment, in Yugoslavia we could say so but after the Independence War due to corruption and illegal acts our economy is now in a really bad condition and just after Spain and Greece in EU.


Is the capital of Mexico a MEDC or LEDC?

It would be considered a MEDC. The city proper has a GDP per capita of around USD 47,396; on par to say, Canada or Australia. The larger metropolitan area has a GDP per capita of some USD 19,940, on par to almost-industrialized countries like Turkey or Croatia.


Is Croatia a rich country or a poor country?

The Czech Republic is doing fine..they usually rank between 30 and 40th place in the GDP per capita list. See yourczechrepublic.cz and you will find out that they are above the average, worldwise


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 are the biomes in Croatia?

what are the biomes in Croatia


Croatia is the capital of which country?

Croatia is a country, not a capital city. Croatia's capital city is Zagreb.


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%