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Which contributes more to GDP the production of a economy car or the production of a luxury car?
By definition GDP is the market value of produced goods and services provided in the economy usually in one year. So the production of a luxury car contributes more to GDP than the production of an economy car because the luxury car has a higher market value.
Which contributes more to GDP the production of an economy car or the production of a luxury car?
Luxury car as the auto maker makes more profit on the expensive car, thus putting more back into the economy.
Can Real GDP rise at the same time the unemployment rate rises?
as long as a different sector of the economy contributes to GDP by more than was lost from unemployment, real GDP will rise, if only marginally.
In 2000 year the economy produced real GDP as a 100 and nominal GDP was 100 but in 2001 economy produced 110 so nominal is 110 what is the real GDP and why?
what is GDP in economy
Which economy is the closest economy to us economy?
China. China's GDP is 13 trillion whereas the US' GDP is 18 trillion
How do you use GDP in a sentence?
In a healthy economy we see a growth of the GDP.
What does GDP stand for in market economy?
Gross domestic product (GDP).
Why do economist say that real GDP should be used to measure growth in an economy and not nominal GDP?
Growth in real GDP is the only true indicator of weather or not an economy is growing.
Why is real GDP more useful for an economy?
Because it shows the true value of a currency as well.
What is a result in a reduction of GDP?
The reduction of GDP usually leads to job loses and a drop in the growth of economy. It also leads to more imports than the exports.
What is a result of a GDP reduction?
The reduction of GDP usually leads to job loses and a drop in the growth of economy. It also leads to more imports than the exports.
What is the result in a reduction of GDP?
The reduction of GDP usually leads to job loses and a drop in the growth of economy. It also leads to more imports than the exports.
