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Is Dubai the richest country in the world?
no the richest country in the world is Luxembourg with ovedr 88,800 GDP per capita
Who is richer Dubai or England?
Comparing wealth between Dubai and England isn't straightforward, as they represent different economic structures. Dubai, part of the United Arab Emirates, has significant wealth from oil, tourism, and finance, contributing to a high GDP per capita. England, as part of the United Kingdom, has a larger overall economy with diverse sectors including finance, manufacturing, and services, but its GDP per capita is generally lower than that of Dubai. Overall, while Dubai might have a higher per capita wealth, England's total economic output is greater.
Is Bulgaria better or Dubai?
Both are good places, depends from what angle you look at it. Moreover Dubai is only one Emirates of the United Arab Emirates, but Bulgaria is a whole country. Dubai is Royal (Caliph, khilaphat Emirs), Bulgaria is democratic. Bulgaria member of EU. GDP/capita of Dubai is higher. Bulgaria is the most green country in the EU. Having vast forests and natural mineral water
Is tourism in Dubai sustainable?
Well considering only 6% of its GDP comes from oil unlike any other country in the UAE.It is currently thriving off tourism and as long as there are hotels and the distinct allure of the Arabic culture in Dubai it should be able to sustain itself. Additionally, due to Hajj, there is a massive amount of travels that go via Dubai every 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)
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
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.
