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Why is per capita GDP rather than total GDP used?
It is used because it is simpler to understand.
What is GDP per capita used to measure?
The GDP per capita is used to measure a country's standard of living. It is calculated by dividing the country's GDP by its population, which better allows comparison of GDP between countries.
How are used goods counted in the GDP?
used good sales are not included in GDP, because it is treated as asset transfer.
What is used to measure a country's economic welfare?
GDP per capita then you write it in dollars e.g the GDP per capita of the USA is $1.149 trillion
What is the relationship between GDP and exchange rate?
GDP or gross domestic product is not directly related to the exchange rate. One rate theories are used to accurately report GDP. Universal rates apply in the reporting figures used.
Pakistan's GDP during 2009?
http://en.wikipedia.org/wiki/Pakistan 2009 GDP will not show till next year. The above link shows GDP for 2008.
Why is per capita GDP rather than total GDP used?
It is used because it is simpler to understand.
What is GDP per capita used to measure?
The GDP per capita is used to measure a country's standard of living. It is calculated by dividing the country's GDP by its population, which better allows comparison of GDP between countries.
How are used goods counted in the GDP?
used good sales are not included in GDP, because it is treated as asset transfer.
What is used to measure a country's economic welfare?
GDP per capita then you write it in dollars e.g the GDP per capita of the USA is $1.149 trillion
What is the relationship between GDP and exchange rate?
GDP or gross domestic product is not directly related to the exchange rate. One rate theories are used to accurately report GDP. Universal rates apply in the reporting figures used.
Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP?
Growth in real GDP is the only true indicator of weather or not an economy is growing.
What is omitted in GDP?
Used or "underground" goods or services
Comparing GDP for foreign countries can help a marketing manager evaluate potential markets of the manager remembers?
GDP measures show people's tendency to buy partovular prdoucts
Does GDP include raw materials used in production?
Yes
What are the advantages and disadvantages of using GDP over GNP?
The adavantage of using GDP is it shows how much you have grown capared to the nations around you. The bad thing is that it does not show the inflation. With GDP you can not compare a country from year to year. But there is a solution. Use Real GDP, this uses a fixed price, and it shows how much you are really producing from one year to anouther.
What data is used to calculate GDP?
C+I+G+S=GDP C=consumption I=investment G=government expenditures S=net export
