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It is the monetary value of all of the goods and services produced within a country within period of time, usually a year. It is criticized by some economists because it only takes into account new purchases. Used cars sold or bought are not factored in. If a shirt is bought it is added to the GDP, but the costs to wash that shirt are not, unless it is taken to a dry cleaners. Also services such as social security and disability is not taken into account. The per capita part just means that the GDP is divided by the population, showing the average by every person.
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What do you mean by GDP and GNP?
Gross Domestic Product and Gross National Product
What does the economic term GDP term mean?
Gross Domestic Product
Which African country has the highest Gross Domestic Product?
okay, for those who are about to answer, remember, there is a difference between GDP (Gross Domestic Product) and GNP (Gross National Product), when i mean GNP, tell me what country converted to American $ actually has the most money, it might not have many rich people as the US, Luxembourg, Britain, Qatar, or France does.
What does GPD mean?
GPD stands for Gross Domestic Product. These are three words that are commonly used in the incredibly busy business world.
What does GDP per capita measure?
The gross domestic product is the value of all goods and services produced in a country. If you divide that by the number of people, you get the per capita GDP and can compare the efficiency of people in countries of different size.
What is the gross nation product Capita growth rate of Mexico?
I think you mean "Gross National Product per Capita". That statistic is no longer used, and instead economists use the "Gross Domestic Product per Capita" nowadays. Mexico's GDP for 2010 was of US$1567 billion; GDP per Capita was of approximately US$13,900 and its real growth rate was of 5.5%.
What do you mean by GDP and GNP?
Gross Domestic Product and Gross National Product
What does the economic term GDP term mean?
Gross Domestic Product
What does the common acronym GDP mean?
GDP stands for Gross Domestic Product. Gross Domestic Product is the market value of all the recognized, official goods and service produced within a country in a certain amount of time.
Which African country has the highest Gross Domestic Product?
okay, for those who are about to answer, remember, there is a difference between GDP (Gross Domestic Product) and GNP (Gross National Product), when i mean GNP, tell me what country converted to American $ actually has the most money, it might not have many rich people as the US, Luxembourg, Britain, Qatar, or France does.
What does GPD mean?
GPD stands for Gross Domestic Product. These are three words that are commonly used in the incredibly busy business world.
What is Mexico's gross natural product?
I think you mean "Gross National Product". That statistic is no longer used, and instead economists use the "Gross Domestic Product" (here is the definition: http://en.wikipedia.org/wiki/Gross_domestic_product).In that case, Mexico's GDP would be of 1143 billion US dollars; the 13th economy in the world.
What is the poorest country to have legalized same-sex marriage?
Brazil is the poorest country on earth to have legalized same-sex marriage when "poor" is understood to mean having the lowest per capita gross domestic product.
What does GDP per capita measure?
The gross domestic product is the value of all goods and services produced in a country. If you divide that by the number of people, you get the per capita GDP and can compare the efficiency of people in countries of different size.
What does economically inactive mean?
Not spending any money, earning any income, or contributing to the Gross Domestic Product ( GDP ) in any way, shape or form.
How much money does Mexico spend yearly?
I guess you mean either one of two things: the total value of goods and services purchased within a year, which is the definition of the Gross Domestic Product, or the money spent by the government, which is the Federal Budget. For both figures:Mexico's Gross Domestic Product: USD$ 1,143 billion.Mexico's Federal Budget: USD$ 321.2 billion.
What exactly does a countries Gross Domestic Product mean?
Is the market value of all officially recognized final goods and services produced within a country in a given period of time.
