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GDP=C + I + G + ( X-Im )
C=Consumption Expenditure
I=Investment
G=Government Expenditure
X=Export
Im=Import
Wiki User
∙ 7y ago
Wiki User
∙ 11y agoGross Domestic Product
The total market value of all the goods and services produced within the borders of a nation during a specified period. (Dictionary)
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GDP that is the Gross Domestic Product is the value of a country's overall output of goods and services (typically during one fiscal year) at market prices, excluding net income from abroad. Gross Domestic Product (GDP) can be estimated in three ways which, in theory, should yield identical figures. They are (1) Expenditure basis: how much money was spent, (2) Output basis: how many goods and services were sold, and (3) Income basis: how much income (profit) was earned. Refer to link below.Wiki User
∙ 13y agoGross Domestic Product. It is the production between the three sectors (primary, secondary, services) of a country's economy during a particular year.
Wiki User
∙ 9y agoThere is no special government definition of GDP. GDP is defined as the value of goods and services that have been produced within a specific time period in a country.
Wiki User
∙ 14y agoIt measures the amount of the production. It doesn't stand for a nation's wealth.
Wiki User
∙ 12y agoGross Domestic Product.
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What does a GDP stamp on a gold ring mean?
it effects our GDP when sold??
What does it mean if real GDP were growing faster then nominal GDP?
It means that inflation is negative, also known as deflation.
What does GDP stand for and what does it mean?
grose domestic pradia
If per capita GDP is growing does that mean that everyone is better off economically?
No per capita GDP is only an average figure it does not mean everyone is more prosperous
What does the economic term GDP term mean?
Gross Domestic Product
What does a GDP stamp on a gold ring mean?
it effects our GDP when sold??
What does synthetic GDP mean?
. The synthetic GDP was calculated by the source's authors, and is a calculation of what a country's GDP per capita would have been had there been no EU
What does it mean if real GDP were growing faster then nominal GDP?
It means that inflation is negative, also known as deflation.
What does GDP stand for and what does it mean?
grose domestic pradia
If per capita GDP is growing does that mean that everyone is better off economically?
No per capita GDP is only an average figure it does not mean everyone is more prosperous
Can GDP be zero and if so what does that mean for the country with a zero GDP?
The GDP of a country - or even a large community - cannot be zero. Zero GDP implies that there is no output (goods or services), nobody spends anything (on things from inventories or imports), nobody earns anything.
What does GDP mean in baseball stats?
GDP-Grounded into Double Play -imzy.
Who is richer china or England?
Do you mean as total gdp? China ofcourse.
What does the economic term GDP term mean?
Gross Domestic Product
What does real GDP mean?
Real GDP means Real Gross Domestic Product. It is an inflation-adjusted measure that reflects the value of all goods and services produced in a given 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 do you mean by GDP and GNP?
Gross Domestic Product and Gross National Product
