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If GDP increased by 5 percent and real GDP increased by 5 percent what has happened to the average price level?
If (nominal) GDP and real GDP are equal then average price levels are constant.
How much does fishing contribute to the GDP of Pakistan?
fishing contributes 0.9% to the GDP of Pakistan
What does GDP gap measure the difference between?
GDP Gap measures the percent difference in Real and Potential GDP
What is meant by an 'increase in real GDP by 2 percent '?
GDP = gross domestic product
Trade accounted for what percentage of the Netherlands' GDP in 2003?
For the Netherlands (GDP = $511 billion), trade value exceeded GDP, for as high as 107 percent of GDP (due to reexport).
Are mutual funds an investment or saving?
for GDP an investment is saving.
How do you calculate percent change in normal GDP?
It is 100*(New GDP - Old GDP)/Old GDP
If GDP increased by 5 percent and real GDP increased by 5 percent what has happened to the average price level?
If (nominal) GDP and real GDP are equal then average price levels are constant.
How much does fishing contribute to the GDP of Pakistan?
fishing contributes 0.9% to the GDP of Pakistan
What is 2.5 percent GDP?
It is not clear whose GDP the question is referring to.
What does GDP gap measure the difference between?
GDP Gap measures the percent difference in Real and Potential GDP
How does tourism contribute to GDP?
Services rendered to tourism such as building hotels is an activity that qualifies as a GDP activity.
What is meant by an 'increase in real GDP by 2 percent '?
GDP = gross domestic product
What is the GDP of Spain?
As of 2011, the GDP of Spain is $1.349 trillion dollars. The growth was expected to be 1.0 percent in 2014 and 1.5 percent in 2015.
Trade accounted for what percentage of Germany's GDP in 2003?
For Germany (GDP = $2.4 trillion), trade formed about 67 percent of the GDP.
What is England GDP?
The GDP of England is $2522.26 billion dollars and the service industry accounts for the majority of England's GDP. England's GDP has increased annually 0.8 percent.
What is India's gdp in 2013?
It is reported that India's GDP growth rate in 2013 was 4.25 percent.
