answersLogoWhite

0

Lichtenstein is a ruined castle in the southern German state of Wuerttemberg. Liechtenstein (different spelling) is a very small country in Central Europe.

Thus to ask for the GDP and other questions of that kind is moot.

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Economics

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

Trending Questions
Why did the South want to lower or ban tariffs? What policy has a direct influence on individuals and businesses? Who belivies the workers should own and control the means of production? What were the main criticisms of import substitution ISI as practiced in Latin America? How does a perfectly price-discriminating monopolist maximize profits by charging different prices to different customers based on their willingness to pay? What are capital goods and how do they contribute to the production process? What do you mean by legal environment of business and ethics? Why don't people create their own goods and services? Who supported laissez faire? Can foreigner buy land in Philippines? What determines the amount of labor that households plan to supply? Why didn't Andrew carnegie become a weaver like his father? What was an interesting feature of the New Economic Policy of Lenin? What is the percent change from initial value of 500 to a new value of 530? Which fraction of petroleum is in very high demand? Why do command economies believe that an authoritarian system is more efficient than the price system for allocating scarce resources? How would the use of eftpos by a retail business improve its productivity? What happens to the people of United States if the debt of the United States continues to rise? What is monetary regulation? Describe the five principal types of economic utility that add value to a product or service which of those utilities are provided by logistics?