answersLogoWhite

0

What else can I help you with?

Continue Learning about Economics
Related Questions

What is the gross national product in Greece?

The 2011 gross national product of Greece is 290.3-billion United States Dollars $USD through purchasing power parity (PPP). Additionally their 2013 gross domestic product (GDP) for 2012 was $248.9-billion.


What are domestic products in US?

Domestic products in the U.S. refer to goods and services produced within the country. This includes a wide range of items, from agricultural products and manufactured goods to services like healthcare and education. The measurement of domestic products is often represented by Gross Domestic Product (GDP), which reflects the total economic output of the nation. Supporting domestic products can boost local economies and create jobs.


What two categories do geographers use to refer to a country's level of economic development?

There are many different measurements to look at the status, the GDP (Gross Domestic Product), GDP/Person, Infant mortality, Life Expectancy, and the Literacy rate.


What does domestic mean?

Domestic means of or pertaining to the house, or an inhabited place. From the Latin word domus, a house. By extension, it can mean: 1. Tame as opposed to wild (more often domesticated) 2. Pertaining to one's own country (Gross Domestic Product) 3. As a noun, a house servant


Economists refer to the process of making something as production?

NOVANET: true


What is the GDP and GNP of Yemen?

As of the latest available data, Yemen's Gross Domestic Product (GDP) is estimated to be around $20 billion, while its Gross National Product (GNP) is slightly higher due to remittances from Yemenis living abroad. However, these figures are subject to significant fluctuation due to ongoing conflict and economic instability in the country. For the most accurate and current statistics, it is advisable to refer to official sources such as the World Bank or the International Monetary Fund.


What is GD PI?

If the question refers to GDP(I), it is a measure of national output (Gross Domestic Product). There are basically three ways of measuring it - Output, Expenditure and Income - the last of which gives GDP(I). In theory, all three measures should agree but in practise they don't. If the question did not refer to GDP(I), then apologies.


What GDP mean?

GDPThis is an abbreviation for Gross Domestic Product, which is the total value of all goods, services, agricultural produce and minerals extracted in a country or area, usually in one year. The concept applies to countries, for example Canada, and also to 'trading blocs' like the EU and NAFTA. Often the GDP divided by the population is used as a measure of relative prosperity. GDP=C + I + G + ( X-Im )C=Consumption ExpenditureI=InvestmentG=Government ExpenditureX=ExportIm=Import


What is tare pounds?

Tare weight is the weight of packaging or container that holds a product, deducted from the gross weight to determine the net weight of the product. Tare pounds specifically refer to this weight measurement in pounds.


When economists refer to investment they are describing a situation where?

resources are devoted to increasing future output.


Why do Economist use the term demand to refer to what?

Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.


How many yards 1 gross yard?

Gross can refer to quantity of itmes, long measure of weight= One gross = 112 pounds, and A gross unit of measure describes volume only when determining how to set a price for a unit of the product. Types of gross units of measure include liters and gallons. Source: Ehow money. There does not seem to be a gross measurment related to yards The link below has more information on this subject.