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If GDP increased by 5 percent and real GDP increased by 5 percent what has happened to the average price level?
If (nominal) GDP and real GDP are equal then average price levels are constant.
Where to find UK city GDP?
In the UK, London is found to leading in GDP. The Gross Domestic Product of London is estimated to be$565, leading in the UK.
What is the GDP in the UK in 2007?
$2.13 trillion which is a GDP per capita of £37000
Why has the nominal GDP increased faster than real GDP in the US over time?
The real GDP is influenced by inflation.
What is the GDP of UK per sector?
The GDP of United kingdom per sector is 0.3%
What is England GDP?
The GDP of England is $2522.26 billion dollars and the service industry accounts for the majority of England's GDP. England's GDP has increased annually 0.8 percent.
What is the GDP of 2008 in the UK?
US$2,679,013,000
Whats does an increase in nominal GDP imply?
When the nominal GDP increases it implies that prices have increased. Nominal GDP is current prices and real GDP takes prices changes into account.
What is the Contribution of retail sector to UK GDP?
5.6%
What is the tobacco industries contribution to the UK GDP?
cancer
What is the wealth of UK?
GDP per Capita (US$) 20,237
What is the GDP in the UK?
The GDP per capita of the United Kingdom in 2009 was $34,619 the 19th highest in the world comparable to Belgium and Germany.
