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∙ 14y ago1.756 trillion in 2006
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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
What is Italys timezone?
Italys is in the southern time zone!!!!!!!!!!!!!!!!!!!!
What is italys main religion?
Italys main religion is roman chatolic.
What is Italys Santa Claus?
italys santa clauses name is "la befana" she is a girl
What is Italys land?
it is on a peninsula
What is Italys main river?
po
Who is italys manager?
Marcello Lippi.
What are Italys ethnic groups?
Italians
What is italys main export?
rice
What is Italys culture like?
Mostly about art and food. I love it. Go to Italy and see for yourself.
Who is italys soccer goalie?
Gianluigi Buffon
Italys main river?
The River Po
Italys national sport?
Fut'bol (soccer)
