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Q: Why are GDP estimates frequently revised?
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Base year of current India GDP?

1993-1994 the base year for calcultaing national income of India has been revised from 1999 to 2004-05


India's GDP at the end of 2009?

Initially, India's GDP for 2009 had been estimated at 7.4%. In 2011, The Hindu published an article noting that this had actually been revised and ultimately raised to 8% for the year. Growth in manufacturing, real estate and business services are a few of the noted contributors to this growth.


What is the gross national income of cuba?

The GDP 2009 official estimate is based on constant of 1997 prices and this is what it estimates $50.01 billion. Cuba also uses a unique social method for figuring out the GDP which makes it impossible to compare with any other counties in the world.


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)

Related questions

As per revised estimates GDP registers growth for the year 2008-09?

6.7%


What is the GDP Per Capita of Mali?

The GDP Per Capita of Mali is $1,100 according to 2009 estimates by the CIA.


What is Belize's GDP?

The last known numbers are the 2013 estimates. Belize had a GDP of $3.083 billion which ranks it at 121st in the world.


Why do tarantulas have eight eyes?

What are the managerial implications from the revised cost estimates?


What body in the US Government makes the estimates for potential GDP?

Congress


What is revised estimate?

A revised estimate is the difference between the former budget estimates and the actual expenditure, which is usually presented in the next budget.


What is the GDP of the democratic republic of the Congo?

The Total GDP of the Democratic Republic of the Congo is $20.738 billion. This works out at $329 per person. These are the 2008 estimates.


What is Aruba's GDP?

According to CIA World Factbook, Aruba's GDP (gross domestic product) was estimated at $2.258 billion for 2005.Specifically, Aruba is ranked as 182 in the world for its GDP. Its GDP growth is estimated at 2.4% for 2005. According to 2002 estimates, services account for 66.3 of the GDP.


What is mpg for a '88 Oldsmobile tornado?

The revised EPA estimates for that car are 17mpg city and 26mpg highway.


Wealth of Yeman?

GDP of Yemen, 2007 estimates. $52.61 billion total. $2,400 Per Capita.


Difference between revised estimate and supplementary estimate?

A supplementary estimate refer to the additional or extra estimate. A revised estimate is the difference between the former budget estimates and the actual expenditure, which is usually presented in the next budget.


Base year of current India GDP?

1993-1994 the base year for calcultaing national income of India has been revised from 1999 to 2004-05