0
What else can I help you with?
Rank world's largest economies?
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
Is the US GDP in the trillions or billions?
The US GDP is in the trillions. As of 2023, the nominal GDP of the United States is estimated to be over $25 trillion. This places it among the largest economies in the world.
What mean by nominal size of aggregate?
Nominal size is the size of the largest aggregate in a grading.
The gross domestic product is the .?
The US' GDP is $15,094,025,000,000 for both Nominal and Purchasing Power. This the largest of any country.
Is Indian economy on higher side?
Yes, Indian economy is on higher side.The economy of India is the eleventh largest economy in the world by nominal GDP.[1] and the fourth largest by purchasing power party.. In the 21st century, India is an emerging economic power with vast human and natural resources, and a huge knowledge base. Economists predict that by 2020,[10] India will be among the leading economies of the world.Courtesy:- wikipediahttp://en.wikipedia.org/wiki/Economy_of_India
What are the economic activities of Brazil?
The economy of Brazil is the world's seventh largest by nominal GDP and eighth largest by purchasing power parity.[14] Brazil has moderately free markets and an inward-oriented economy. Its economy is the largest in Latin American nations and the second largest in the western hemisphere
How big is the economy of India?
Indian economy is the 6th largest measured by nominal GDP, and 3rd largest by PPP. Otherwise India is among G-20.
Which five countries have the largest economies in the world?
GDP (nominal) 1. United States 2. China 3. Japan 4. Germany 5. France GDP (PPP) 1. United States 2. China 3. Japan 4. India 5. Germany
Economic variables whose values are measured in monetary units are called?
Nominal Variables
What is an fact about China?
China is the world's most populous country, with a population of over 1.4 billion people. It is also one of the world's largest economies, and has the second largest economy by nominal GDP. China is known for its rich history, diverse culture, and significant contributions to technology and innovation.
Can you discuss how the nominal and real values of things affect the aggregate behavior of a society. Give an example.?
Nominal values represent current monetary amounts without adjusting for inflation, while real values account for inflation, reflecting purchasing power. This distinction affects societal behavior as individuals and businesses may base decisions on nominal figures, potentially misjudging economic health. For example, if wages rise nominally but not in real terms due to inflation, consumers may feel financially strained despite apparent increases in income, leading to reduced spending and overall economic growth. This disconnect can distort economic indicators and impact policy decisions.
Is Germany Berlin a developed country?
Yes, Germany has the largest national economy in Europe, the fourth largest by nominal GDP in the world, and the fifth largest by PPP in 2009.
