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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.
What are the advantages and disadvantages of using GDP over GNP?
The adavantage of using GDP is it shows how much you have grown capared to the nations around you. The bad thing is that it does not show the inflation. With GDP you can not compare a country from year to year. But there is a solution. Use Real GDP, this uses a fixed price, and it shows how much you are really producing from one year to anouther.
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%
What was the GDP of us in 1919?
In the year 1919, the GDP of US was at 78.3. The GDP rose to 88.4 in the following year.
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)
Suppose an economy's real GDP is 50000 in year 1 and 55000 year 2 what is the growth rate of its GDP?
To calculate the GDP growth rate, use the formula: ((\text{GDP in Year 2} - \text{GDP in Year 1}) / \text{GDP in Year 1} \times 100). Substituting in the values: ((55000 - 50000) / 50000 \times 100 = 10%). Therefore, the growth rate of the economy's GDP from Year 1 to Year 2 is 10%.
Indonesia national income GDP CPI 1998-2008?
1998 - $ 650 2008 - $ 2450
Is a GDP how much you earn every year?
GDP stands for Gross Domestic Product. This is usually used to measure the economic output of a government entity, such as a country.
How can one calculate the growth rate of real GDP?
To calculate the growth rate of real GDP, subtract the previous year's real GDP from the current year's real GDP, then divide by the previous year's real GDP and multiply by 100 to get the percentage growth rate.
How can nominal GDP increase even though real GDP falls?
Primarily this happens because of increase in prices. Nominal GDP= GDP using current prices. Real GDP= GDP that takes prices changes into account. Let me give a very simple example, let's say: In year 1, the country produced 10 computers for 10 dollars each. So GDP for year 1= $100 In year 2, the country only produced 9 computers for 15 dollars each. So GDP for year 2 = $135 (9x15) In year 2,the nominal GDP has increased from $100 to $135. However, we measure real GDP using a base year, in this case year 1, so we use the price of year 1 to find the real GDP for year 2. Using prices of year 1 we have: 9 computers x $10 each = $90 of real GDP. Finally, you see that even nominal GDP for year 2 was $135, the real GDP was $90.
How would you determine real GDP if you only knew the GDP?
Real GDP is calculated as prices in the "base year" times quantities in the current year. You need to know about base year.
