What Real GDP divided by the total population is?

What Real GDP divided by the total population is?
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Structural unemployment is mainly due to (a) Structural changes in the economy ; (b) Technological development (c) Growth in GDP ; (d) Population explosion.

Description : Structural unemployment is mainly due to (a) Structural changes in the economy ; (b) Technological development (c) Growth in GDP ; (d) Population explosion.

Last Answer : (a) Structural changes in the economy ;

Going from left to right on the aggregate demand curve, real GDP _____.?

Description : Going from left to right on the aggregate demand curve, real GDP _____.?

Last Answer : rises as price level falls

Suppose an economy’s entire output is cars. In Year 1, all manufacturers produce cars at $15,000 each; the real GDP is $300,000. In Year 2, 20 cars are produced at $16,000 each.?

Description : Suppose an economy’s entire output is cars. In Year 1, all manufacturers produce cars at $15,000 each; the real GDP is $300,000. In Year 2, 20 cars are produced at $16,000 each.?

Last Answer : What is the real GDP in Year 2? (Hint: Find out how many cars were made in year 1 by dividing the total values of all cars by their individual costs)

6. Using the numbers in question 5, the Real GDP for 2002 is: a. $400 b. $500 c. $800 d. $900 e. $1,300

Description : 6. Using the numbers in question 5, the Real GDP for 2002 is: a. $400 b. $500 c. $800 d. $900 e. $1,300

Last Answer : c. $800

8. If the government lowers taxes by $10 billion, the Real GDP will rise by a. more than $10 billion b. less than $10 billion c. exactly $10 billion

Description : 8. If the government lowers taxes by $10 billion, the Real GDP will rise by a. more than $10 billion b. less than $10 billion c. exactly $10 billion

Last Answer : a. more than $10 billion

6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment spending is $2000. In order to avoid recessions and inflation (to have equilibrium), the government should have a: a. balanced budget b. budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C

Description : 6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment ... . budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C

Last Answer : c. budget surplus of $1000

5. Disposable Income is equal to: a. National Income c. National Income Minus Taxes b. Real GDP c. National Income Minus Taxes d. National Income Minus Taxes Plus Transfers

Description : 5. Disposable Income is equal to: a. National Income c. National Income Minus Taxes b. Real GDP c. National Income Minus Taxes d. National Income Minus Taxes Plus Transfers

Last Answer : d. National Income Minus Taxes Plus Transfers

4. For which of the following reasons might inflation cause Real GDP to grow slower than it otherwise would? a. Inflation makes everyone poorer b. Inflation reduces the value of consumer debt c. Inflation increases business investment spending d. Inflation decreases savings in financial form

Description : 4. For which of the following reasons might inflation cause Real GDP to grow slower than it otherwise would? a. Inflation makes everyone poorer b. Inflation reduces the value of consumer debt c. Inflation increases business investment spending d. Inflation decreases savings in financial form

Last Answer : d. Inflation decreases savings in financial form

What is the correct formula for GDP Deflater? a) Nominal GDP - (minus) Real GDP b) Nominal GDP + Real GDP c) Nominal GDP/ Real GDP d) Real GDP/ Nominal GDP

Description : What is the correct formula for GDP Deflater? a) Nominal GDP - (minus) Real GDP b) Nominal GDP + Real GDP c) Nominal GDP/ Real GDP d) Real GDP/ Nominal GDP

Last Answer : c) Nominal GDP/ Real GDP

A period of expansion and contraction measured by real GDP is called (a) Business cycle (b) Expansion © Recession (d) Contraction

Description : A period of expansion and contraction measured by real GDP is called (a) Business cycle (b) Expansion © Recession (d) Contraction

Last Answer : (a) Business cycle

Given Real GDP 8.25%, Nominal GDP 11.25%, Rate of inflation will be (a) 2.5% ; (b) 3% ; (c) 4.25% ; (d) 3.5%

Description : Given Real GDP 8.25%, Nominal GDP 11.25%, Rate of inflation will be (a) 2.5% ; (b) 3% ; (c) 4.25% ; (d) 3.5%

Last Answer : (b) 3% ;

Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be……. (a) 12% ; (b) 10% ; (c) 10.5% ; (d) 9.5%

Description : Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be……. (a) 12% ; (b) 10% ; (c) 10.5% ; (d) 9.5%

Last Answer : (a) 12% ;

If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent (a) Depreciation ; (b) Rate of inflation ; (c) Rate of interest ; (d) Tax burden

Description : If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent (a) Depreciation ; (b) Rate of inflation ; (c) Rate of interest ; (d) Tax burden

Last Answer : (b) Rate of inflation ;

Real GDP is measured in………….prices (a) Base year ; (b) Current year ; (c) 1980 ; (d) 2000

Description : Real GDP is measured in………….prices (a) Base year ; (b) Current year ; (c) 1980 ; (d) 2000

Last Answer : Base year

If in 2000 nominal GDP is = `70000 Crore and the prices in 2000 were 40% more than the real GDP in 2000 using 1996 as a base year is (a) `45,000 Crore ; (b) `50,000 Crore ; (c) `42,000 Crore ; (d) `98000 Crore

Description : If in 2000 nominal GDP is = `70000 Crore and the prices in 2000 were 40% more than the real GDP in 2000 using 1996 as a base year is (a) `45,000 Crore ; (b) `50,000 Crore ; (c) `42,000 Crore ; (d) `98000 Crore

Last Answer : (b) `50,000 Crore ;

Trade Gap means A. Gap between total GDP and total consumption B. Gap between total imports and total exports C. Gap between available liquidity and expected demand in next five months D. Gap between budgeted revenue collection and actual collection of the same E. None of the above

Description : Trade Gap means A. Gap between total GDP and total consumption B. Gap between total imports and total exports C. Gap between available liquidity and expected demand in next five months D. Gap between budgeted revenue collection and actual collection of the same E. None of the above

Last Answer : B. Gap between total imports and total exports Explanation: The amount by which the value of a country‘s visible imports exceeds that of visible exports; an unfavourable balance of trade.

Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.

Description : Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.

Last Answer : C. The total value of goods and services measured at current prices

Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.

Description : Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.

Last Answer : (c) The total value of goods and services measured at current prices

Where can I find countries GDP growth by sector?

Description : Where can I find countries GDP growth by sector?

Last Answer : answer:What countries? If you want official numbers for Europe, go to the OECD website. http://www.oecd.org/ For Asia, ASEAN http://www.asean.org/ Or try the United Nations website. It really depends on whare and what you are looking for.

What is the effect on the GDP and the well-being of Canadians?

Description : What is the effect on the GDP and the well-being of Canadians?

Last Answer : answer:Welcome to Fluther! This looks much like a homework question, though I could be wrong. But I doubt it in this case. Clue us in on the answers that you’ve developed so far and I’m sure that people will be happy to help you work out the answers via discussion.

For GDP purposes, do economists classify education spending as consumption, investment, or gov't spending?

Description : For GDP purposes, do economists classify education spending as consumption, investment, or gov't spending?

Last Answer : I don't think you can make that kind of generalization, lumping public and private education together. I've only taken AP Macroeconomics so I'm certainly no expert, but I would think that publicly ... though, that's a large generalization, the types of spending would have to be further broken down.

Are indirect business taxes included in the measurement of GDP?

Description : Are indirect business taxes included in the measurement of GDP?

Last Answer : I'm pretty sure they aren't included at all, just like Government spending does not include benefit payments for GDP purposes. GDP is all about what an economy produces; things like taxes and food stamps ... what a country is producing. I'm still not 100% on that though, so you should verify it.

Does this graph of median income and per capita GDP pretty much say it all?

Description : Does this graph of median income and per capita GDP pretty much say it all?

Last Answer : answer:You might find the Gini coefficient interesting. We keep some bad company in the income inequality department. But don’t worry. If you work hard enough you will be rich someday. ~

What indicators could replace the GDP to measure how well a nation is doing?

Description : What indicators could replace the GDP to measure how well a nation is doing?

Last Answer : Quality of living, Low environmental impact, distribution of wealth, healthy people, whether or not strangers smile at you on the street.

What is GDP measured in?

Description : What is GDP measured in?

Last Answer : answer:Currency (like dollars). GDP is the total market value of all final goods and services produced within a country in a year.

What are developing countries that can be developed in the next 5-10 years in terms of HDI And GDP?

Description : What are developing countries that can be developed in the next 5-10 years in terms of HDI And GDP?

Last Answer : Vietnam

7. For each of the sectors that we came across in this chapter why should one focus on employment and GDP? Could there be other issues which should be examined? Discuss. -Economics 10th

Description : 7. For each of the sectors that we came across in this chapter why should one focus on employment and GDP? Could there be other issues which should be examined? Discuss. -Economics 10th

Last Answer : Employment and GDP are two of the most important factors in the development of a country. Employment and GDP are used to calculate the overall productivity and National ... chapter. Other issues which should be examined are as follows:Health care facilitiesEducationPovertyFood ProductionNourishment

What is GDP ? Who is responsible for collecting data for the GDP in India ? -SST 10th

Description : What is GDP ? Who is responsible for collecting data for the GDP in India ? -SST 10th

Last Answer : It is the value of goods and services produced within a country during a given time period. In India, the mammoth task of measuring the GDP is undertaken by a central government ministry. This ... relating to the total volume of goods and services and their prices, and then estimates the GDP.

What is GDP ? Assess the contribution of Secondary and Tertiary Sectors to the GDP of India. -SST 10th

Description : What is GDP ? Assess the contribution of Secondary and Tertiary Sectors to the GDP of India. -SST 10th

Last Answer : (i) Gross Domestic Product (GDP) refers to the money value of final goods and services produced in each sector. (ii) (a) The contribution of secondary sector to the Gross Domestic Product (GDP) in ... (b) The contribution of tertiary sector to the Gross Domestic Product (GDP) in India is about 53%.

What is GDP of a country? Who has undertaken this task of measuring GDP in India? -SST 10th

Description : What is GDP of a country? Who has undertaken this task of measuring GDP in India? -SST 10th

Last Answer : The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors ... information related to total Volume of goods and services and their prices and then estimates the GDP.

How do we calculate the GDP? -SST 10th

Description : How do we calculate the GDP? -SST 10th

Last Answer : . Economists suggest that the values of goods and services should be used rather than adding up the actual numbers. The value of goods and seivices in the three sectors are calculated and thep added up ... . And the sum of production in three sectors gives us the Gross.Domestic Product or GDP'.

The following gives the GDP I rupees (Crore) by the three sectors: -SST 10th

Description : The following gives the GDP I rupees (Crore) by the three sectors: -SST 10th

Last Answer : In the year 1950 Total GDP (In 1950) = 80,000 +19,000 + 39,000 = 1, 38,000 crore In the year 2011 Total GDP (In 2011) = 8, 18,000 + 12, 49,000 + 28, 18,000 = 4,885,000 ... the GDP of all the three sectors is changing and specially the much more change have been seen in the GDP of tertiary sector.

Explain the term GDP. -SST 10th

Description : Explain the term GDP. -SST 10th

Last Answer : GDP means Gross Domestic Product of a country. It is the value of all final goods and services produced within a country during a particular year. Only the final goods and services are ... not the value of flour. The value of biscuits contains the value of intermediatary goods their production.

Why has the agriculture sector in India got a major setback in spite of increase in the GDP growth rate? -SST 10th

Description : Why has the agriculture sector in India got a major setback in spite of increase in the GDP growth rate? -SST 10th

Last Answer : (i) More and more land is used for construction of factories, warehouses and shelters which have reduced the land under cultivation. (ii) Soil gets degraded by the use of pesticides, ... (v) Reduction in import duties on agricultural products have proved detrimental to agriculture in the country.

Which sector had the highest share in GDP in 2003? -SST 10th

Description : Which sector had the highest share in GDP in 2003? -SST 10th

Last Answer : Tertiary sector.

Mention the share of tertiary sector in terms of GDP in 2003 ? -SST 10th

Description : Mention the share of tertiary sector in terms of GDP in 2003 ? -SST 10th

Last Answer : Between 50-60%

What does GDP stand for ? -SST 10th

Description : What does GDP stand for ? -SST 10th

Last Answer : Gross Domestic Product.

What is GDP (Gross Domestic Product)? -SST 10th

Description : What is GDP (Gross Domestic Product)? -SST 10th

Last Answer : It is the value of final goods and services produced within the domestic territory of a country.

What is GDP? Explain with example the method of calculating Gross Domestic Product. -SST 10th

Description : What is GDP? Explain with example the method of calculating Gross Domestic Product. -SST 10th

Last Answer : G.D.P. is the sum of the money value of final goods and services produced in each sector during a particular year within domestic territory of a country. Only final goods and services are counted ... not correct because then we would be counting the value of the same things a number of times.

What is GDP ? -SST 10th

Description : What is GDP ? -SST 10th

Last Answer : (i) Gross Domestic Product or GDP is the value of all final goods and services produced within a country, during a particular year. (ii) The sum of production in the three sectors gives ... information relating to the total volume of goods and services and their prices and then estimates the GDP.

“Agriculture had been the backbone of the Indian economy. But the declining share of agriculture in the GDP is now a matter of serious concern.” -SST 10th

Description : “Agriculture had been the backbone of the Indian economy. But the declining share of agriculture in the GDP is now a matter of serious concern.” -SST 10th

Last Answer : Agriculture is the backbone of the Indian economy because: (i) In India, about 63% people were engaged in agriculture sector in 2001. (ii) Share in GDP was more than 40% in 1973. (iii ... sector continues to be the largest employer even in 2000 but the production has not increased by this rate.

Rite one limitation of calculating GDP of a country -SST 10th

Description : Rite one limitation of calculating GDP of a country -SST 10th

Last Answer : 'GDP does not include the earning/profit of indians outside the country, but includes profit/assets of foreign companies in the domestic territory. Hope this answer was helpful to you.... If yes plz like, comment, and share .....

What does Net factor income from abroad added to GDP give? -Do You Know?

Description : What does Net factor income from abroad added to GDP give? -Do You Know?

Last Answer : answer:

What does Net factor income from abroad added to GDP give? -Do You Know?

Description : What does Net factor income from abroad added to GDP give? -Do You Know?

Last Answer : answer:

What is GDP ?

Description : What is GDP ?

Last Answer : : GDP is the sum of the monetary value of all goods and services produced domestically in a country at a given time, usually one year at a given time .

What is the contribution of crop sub-sector alone to GDP ?

Description : What is the contribution of crop sub-sector alone to GDP ?

Last Answer : The contribution of crop sub-sector alone is about 14.90 percent of GDP.

What is the contribution of Matkhat to GDP in 2011-12 financial year ?

Description : What is the contribution of Matkhat to GDP in 2011-12 financial year ?

Last Answer : Contribution of Fisheries in 2011-12 is 5.36%.

What is the contribution of fisheries to GDP in 2011-12 financial year ?

Description : What is the contribution of fisheries to GDP in 2011-12 financial year ?

Last Answer : Fisheries contribution to GDP in 2011-12 is 4.39%.

What is the estimated GDP in 2011-12 financial year ?

Description : What is the estimated GDP in 2011-12 financial year ?

Last Answer : : Estimated GDP in 2011-12 financial year is 80.350 crore.

What is GDP growth ?

Last Answer : GDP growth is the percentage of growth of a country's GDP in a year.