What Is GDP?

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 what nationals earn abroad minus what foreigners earn in the domestic economy. GDP nominal is the market value of all final goods and services from a nation in a given year.

Tim Buck at Yahoo! Answers Visit the source

Was this solution helpful to you?

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.