What Is GDP?

Let’s learn what Is GDP. The most accurate or helpful solution is served by Yahoo! Answers.

There are ten answers to this question.

Best solution

When does GDP increase or decrease? What is GDP?

please don't give me some web definition, i can find that on my own. Give it to me in your own words if you know the meaning.

Answer:

Market value of goods and services produced by a country in a given amount of time. GDP = C + I + G...

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I don't understand real GDP in Economics. What is real GDP? What is Nominal GDP? What is The GDP inflator?

If the real GDP is 8144.8 and the GDP Deflator was 101.9. What would the Nominal GDP be?

Answer:

Generally a real variable, such as the real interest rate, is one where the effects of inflation have...

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Maggy at Yahoo! Answers Mark as irrelevant Undo

Calculate real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP Grow?

Quantity 2004 cd's 110 tennis racquets 200 Prices 2004 cd's $18 tennis racquets $90 Quantity 2005 cd's 120 tennis racquests 210 Prices 2005 cd's $20 tennis racquests $95 1. Calculate real GDP for 2004 and 2005 using 2004 prices. By what percent did real...

Answer:

1. 2004 GDP @ 2004 prices 110 x $18 = $1,980 CDs 200 x $90 = $18,000 Rackets Total = $19,980 2005 GDP...

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What is the difference between GDP(per capita), GDP(PPP), and GDP(exchange rate)?

Brazil has GDP based on PPP at 1.84 trillion, GDP per capita at $9,700 GDP exchange rate at 1.27 trillion Also, GDP real growth rate at 4.5%.

Answer:

GDP per capita is the countries GDP divided by the number of people in the country. GDP PPP is the GDP...

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hlncrtr7... at Yahoo! Answers Mark as irrelevant Undo

What is the difference between GDP (PPP), Real GDP, GNP, and GDP (nominal)?

I do not understand these economic measures. What is GDP at purchasing power parity? What is real GDP? What is GNP? What is GDP (nominal)? What are the differences between all of these?

Answer:

GDP (PPP) removes exchange rate fluctuations real GDP removes inflationary pressures. GNP is GDP plus...

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What is GDP? and what is different between Norminal GDP and Real GDP?

what is GDP? and what is different between Norminal GDP and Real GDP

Answer:

GDP = Gross domestic product, it is all the goods and services produced by a nation within a specific...

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2RI54J6FTDG66XJHGTSQODXD2Y at Yahoo! Answers Mark as irrelevant Undo

What is the difference between potential GDP/full employment GDP and GDP capacity?

So GDP capacity has to do with short run aggregate supply and potential GDP is maximum GDP?...

Answer:

There is economics: basically, how you spend your own money - more generally, how you deploy your own...

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Chris Goodwin at Quora Mark as irrelevant Undo

What percentage of economists and futurists have predicted that China's GDP will exceed US GDP by 2030?

As an American non-Mandarin reader/speaker, I only see the predictions in the US press that say China's GDP will exceed the US by 2030. I wonder if I am experiencing observer bias, because only this would be both suprising and near term enough to meet...

Answer:

Another answer is that China's GDP is not a linear event following a neat upward trend alone. GDP can...

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Dr. James Canton at Quora Mark as irrelevant Undo

What does it mean when real GDP is above nominal GDP and vice versa?

1. What does it mean when real GDP is above nominal GDP? 2. What does it mean when nominal GDP is above real GDP?

Answer:

1. It means that has been deflation of the currency. 2. It means that there has been inflation of the...

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ParisnRo... at Yahoo! Answers Mark as irrelevant Undo

What would the real GDP be in this word problem?

The nominal GDP in year 1 is 1000, and the GDP Price Deflator (a price index) is 100. Calculate the real GDP in year 1. what i did was: 100=(1000/x)*100 100=(100000/x) 100000=100x x=1000 im basing this off the equation: GDP Deflator=(nominal gdp/real...

Answer:

I do it like this 1000/1=1000 =real GDP Or based on your formula, 100=1000/1000 x 100. u r doing great...

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John Rambo at Yahoo! Answers Mark as irrelevant Undo

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