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because it helps to see where the economy is heading
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∙ 11y ago
Wiki User
∙ 11y agoCheck
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Why do economists prefer to compare real GDP figures for different years instead of GDP figures?
economists prefer to compare real gdp figures for different years instead of comparing nominal gdp figures. why?
How do you calculate GDP deflater?
GDP Deflator = Nominal GDP/Real GDP x 100.
What is it called when GDP figures decline but prices rise?
stagflation
Does fiscal or monetary policy influence real GDP?
Both fiscal and monetary policy can affect real GDP, due to time-lag in wage and price adjustments. In general, however, fiscal policy has a much more direct effect on real GDP.
Expansionary fiscal policy is so named because it?
Expansionary fiscal policy is so named because it is designed to expand real GDP.
Why do economists prefer to compare real GDP figures for different years instead of GDP figures?
economists prefer to compare real gdp figures for different years instead of comparing nominal gdp figures. why?
How do you calculate GDP deflater?
GDP Deflator = Nominal GDP/Real GDP x 100.
What is it called when GDP figures decline but prices rise?
stagflation
Does fiscal or monetary policy influence real GDP?
Both fiscal and monetary policy can affect real GDP, due to time-lag in wage and price adjustments. In general, however, fiscal policy has a much more direct effect on real GDP.
What is bosnia's GDP?
Total GDP of Bosnia is $31.366 billion, and per capita is $8,063. Those are estimated figures from 2011.
What is per capita income of Australia in 2010?
There are no figures for 2010 as yet. But based on 2009 & 2008 GDP per capita PPP figures from the CIA World Factbook, which = $39,900 in both years, and 2007 GDP per capita PPP figures, which = $39,500, 2010 figures should be in the area of $39,500-$39,900.
Expansionary fiscal policy is so named because it?
Expansionary fiscal policy is so named because it is designed to expand real GDP.
What is the goal of stabilization policy is to smooth out fluctuations in the?
GDP output
How does GDP affect businesses?
Gross domestic product (GDP) is a broad measure of the nation's economic activity. For small businesses, which are often sensitive to the economic climate, GDP can be an important measure of current business prospects. Because GDP measures overall economic output, small businesses may carefully watch GDP figures to determine how the economy is faring and how their own results compare with the results of other businesses.
Which countries have the largest economies in the world?
With a GDP (PPP) of $14,720,000,000,000 USD, the United States is the largest economy. The US is followed by China (#2) with a GDP of $ 9,872,000,000,000; Japan (#3) with a GDP of $ 4,338,000,000,000; and India (#4) with a GDP of $4,046,000,000,000; and Germany with a GDP of $2,951,000,000,000. All figures from CIA World Factbook 2010 - GDP estimate expressed as PPP
What weakness does this measure have on GNI amongst countries?
- data is not very timely- it is only released quarterly - Revisions can change historical figures measurably (the difference between 3% and 3.5% GDP growth is a big one in terms of monetary policy)
A monetary policy will increase GDP in the short run if?
GDP can be increased in the short run by having a monetary policy of keeping interest rates as low as possible. Low rates allows increased borrowing in the corporate sector and thus it has funds to increase production and hopefully increase the size of GDP.
