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What would happen if nominal GDP doubles over night what statistic would you need to check before you began to celebrate?
Wiki User
∙ 12y ago
Check the inflation rate, and the real GDP. If inflation also is very high, nominal GDP could increase despite there not being any increase in output.
Wiki User
∙ 12y ago
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If you woke up in the morning and found that nominal GDP had doubled overnight what statistic would you need to check before you began to celebrate?
Check the inflation rate.
What statistic would you need to check before you began to celebrateif you found that nominal GDP has doubled overnight?
i dont know it
Why nominal GDP data has to be adjusted before the rate of economic growth can be calculated?
For more accuracy
What is the economic Definition of nominal stock of money?
Hi nominal means in terms og currency. That is the value of the money before anything is done with it. I.e. taking into account inflation, taxes etc.
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 you woke up in the morning and found that nominal GDP had doubled overnight what statistic would you need to check before you began to celebrate?
Check the inflation rate.
What statistic would you need to check before you began to celebrateif you found that nominal GDP has doubled overnight?
i dont know it
You nominal rate the same as true rate?
No. Nominal interest rate is the rate before adjustments for inflation.
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Why nominal GDP data has to be adjusted before the rate of economic growth can be calculated?
For more accuracy
What is the economic Definition of nominal stock of money?
Hi nominal means in terms og currency. That is the value of the money before anything is done with it. I.e. taking into account inflation, taxes etc.
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most countries celebrate mardi gras because it is shrove Tuesday which is were you eat before lent
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