0
Assuming that you are asking about the Gross Domestic Product of the United States in 1930, it was about $91.2 billion in year 1930 U.S. dollars. Adjusting for inflation, this would be equivalent to about $790.7 billion in year 2000 dollars. Data is from the Bureau of Economic Analysis (BEA) United States Department of Commerce (http://www.bea.gov) and from Measuring worth.com (http://www.measuringworth.com/usgdp/).
What else can I help you with?
Why were many Jews refused entry to many countries in the 1930s?
High unemployment. (It was the 1930s).Antisemitism.
What leap years were in the 1930s?
1932 and 1936 were the only leap years in the 1930s.
Why did US replace GNP with GDP?
The short answer is that they didn't. GNP and GDP are to different economic indicators. They are however related. However I have noticed that a lot of US statistics prefer to GDP rather than GNP to describe US economy. A reason given by the Federal Reserve Bank of St. Louis in 1992 "GDP corresponds more closely than GNP does to other indicators used to analyze short-term movements in the U.S. economy, such as employment and industrial production." GNP = GDP + NR GDP = consumption + investment + (government spending) + (exports − imports)
What is the most populated Southeast Asian nation?
Indonesia is the richest country in Southeast Asia by GDP. It has the 18th largest GDP in the world. Singapore has the largest GDP per capita of any Southeast Asian country. It has the 13th largest GDP per capita in the world.
Population in 1930s-1940s?
In the 1930s there were about 131,000,000 people living in the United States. In the 1940s this number increased to about 134,000,000.
Who devised the GDP?
The concept of Gross Domestic Product (GDP) was developed by economist Simon Kuznets in the 1930s. He introduced it as a measure to assess the economic performance of a nation and to provide a comprehensive view of its economic activities. Kuznets' work laid the foundation for modern national income accounting and the subsequent widespread use of GDP as a key economic indicator.
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)
How do you calculate deflation rate?
Real GDP is the GDP during your chosen base year, and nominal GDP is the GDP of the year on which you are focusing. The GDP deflator from 1990 to now (2013) is: GDP (2013)/ GDP (1990) * 100%
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
How do you calculate percent change in normal GDP?
It is 100*(New GDP - Old GDP)/Old GDP
When did most countries including the United states switch to the gross domestic product method of calculating the nation's health?
Most countries, including the United States, began adopting the Gross Domestic Product (GDP) as a primary method for measuring national economic health in the mid-20th century, particularly after World War II. The formal use of GDP as a key economic indicator gained prominence in the 1930s and 1940s, with the U.S. starting to publish GDP data in 1947. By the 1950s and 1960s, GDP had become the standard measure for evaluating economic performance globally.
How to calculate the percentage change in real GDP?
[ (GDP 2006 - GDP 2005) / GDP 2005] X 100 ---- ----
If intermediate goods are included in GDP what would happen to the GDP?
the GDP would be overstated
If real GDP is 8.1 million and nominal GDP is 7.9 and 8203million the GDP deflator is?
The GDP deflator is calculated using the formula: GDP Deflator = (Nominal GDP / Real GDP) x 100. Given that nominal GDP is 7,920.3 million and real GDP is 8.1 million, the calculation would be: (7,920.3 / 8.1) x 100 = 97,407.41. Therefore, the GDP deflator is approximately 97,407.41.
How do you calculate GDP deflater?
GDP Deflator = Nominal GDP/Real GDP x 100.
The GDP gap measures the difference between?
nominal GDP and real GDP.
