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Well we know that oil prices are a major cost for firms and consumers. When oil prices increase consumption and investment will fall, leading to a fall productivity and in aggregate demand, which we all know is equivalent to GDP.... right?

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What is the relationship between human capital and GDP?

it is that the human capital is one thing and the gdp is another thing.


What is the relationship between NMR and GDP?

NMR, Nuclear Magnetic Resonance, is the scientific technique which makes possible the MRI machine, Magnetic Resonance Imaging. GDP, Gross Domestic Product, measures the total economic productivity of a nation in a given year. The relationship between these two items would be that only a nation with a healthy GDP would be able to afford to use the expensive MRI device in its hospitals.


State the relationship which holds between GDP and gnp?

GDP (Gross Domestic Product) is a commonly used calculator of national income and measures the economic activity in a country. Essentially, the GDP is a figure which measures the value of the goods and services produced in a country in a given time period (usually one year). GNP (Gross National Product) is also a calculator of economic activity. However, GNP also encompasses the value of net income made abroad. Moreover, when calculating GNP, the value of what foreign countries earn in the given country is subtracted from the value. To clarify, let us use an example: If a US business had a manufacturing plant located in China, any profit made by the plant would not be calculated in the GDP, but would be accounted for in the GNP. If a Canadian business has a manufacturing plant located in the US, any profit made by the plant would be included in GDP, however it would be subtracted from the value of the GNP. Consequently, those both GDP and GNP are measures of economic activities, the two values can be extremely different.


What was the National debt in 1960?

US GDP (1998 dollars): $526.6 billionFederal spending: $92.19 billionFederal debt: $290.5 billionConsumer Price Index: 29.6Unemployment: 5.5%Cost of a first-class stamp: $0.04


What is the last 10 years GDP of India?

What is the consumer price index of india for the last 10 years?

Related Questions

How does the relationship between price level and real GDP impact the overall economic performance of a country?

The relationship between price level and real GDP impacts a country's economic performance by influencing inflation and economic growth. When the price level increases, it can lead to inflation, which reduces the purchasing power of consumers and can slow down economic growth. On the other hand, when real GDP increases, it indicates a growing economy with higher production and income levels, which can boost overall economic performance. Balancing these factors is crucial for maintaining a stable and prosperous economy.


What is the relationship between human capital and GDP?

it is that the human capital is one thing and the gdp is another thing.


What is the relationship between spending and GDP?

The relationship between spending and GDP is that spending contributes to the overall GDP of a country. When individuals, businesses, and the government spend money on goods and services, it stimulates economic activity and helps to increase the GDP. Higher levels of spending typically lead to higher GDP growth, while lower levels of spending can result in slower economic growth.


What is the relationship between aggregate expenditure and real GDP?

There is a direct proportional relationship between aggregate expenditure and real GDP. Aggregate expenditure is actually equal to real GDP. This is different from the planned expenditure.


What is the relationship between net exports and GDP?

The relationship between ne exposts and GDP makes the slope of the ae curve flatter than it would be otherwise


Why is there a relationship between GDP and birth rate?

there really isn't all that much of a relationship, but they are part of a developed country or a less developed country. GDP is what that specific country has made by buying or selling from other countries and birth rate is pretty self explanatory. they just both help define where a country is in the 4 stages of development.


What is the relationship between investment in human capital and GDP?

teeth


The relationship between current account balance and GDP?

The relationship between the current account balance and the GDP is that they both reflect the production in the given economy. They both deal with the net production.


Aggregate demand curve?

a graphed line showing the relationship between the aggregate quantity demanded and the average of all prices as measured by the implicit GDP price deflator.


Aggregate supply curve?

A graphed line showing the relationship between the aggregate quantity supplied and the average of all prices as measured by the implicit GDP price deflator.


What is the value of 10 GDP in dollars?

The value of 10 GDP in dollars depends on the specific country's GDP you are referring to, as GDP varies significantly between nations. For example, if the GDP of a country is $1 trillion, then 10 GDP would equal $10 trillion. To provide an accurate answer, you'd need to specify which country's GDP you are referencing.


What is GDP per capita used to measure?

The GDP per capita is used to measure a country's standard of living. It is calculated by dividing the country's GDP by its population, which better allows comparison of GDP between countries.