Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Macroeconomics
GDP vs. GNP
Explain the difference between GDP and GDP in economics in one sentence.
1 answer
GDP measures the total value of goods and services produced in a country, while GDP per capita provides a measure of economic output per person.
You can
ask a new question
or
answer this question
.
Related Questions
Why is tracking GDP a good way to evaluate the impact of governmental decisions on society?
(1 point) The GDP can help track
Why might there be such a large difference in the per capita GDP of these specific countries of Southwest Asia (the Middle East)
in 1990, US nominal GDP was $5,744 billion and the GDP chain price index is 93.6. Real GDP in 1996 dollars is approximately:
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced in a country over a certain
If a country is maintaining a healthy amount of growth, which of the following accurately describes the behavior of real GDP
Country
GDP per Capita United Arab Emirates $43,100 Kuwait $32,370 Iran $6,900 Jordan $4,280 Sudan $595 Why might there be such a
If a country is in a recessionary period, which of the following accurately describes the behavior of real GDP over time.
a. real
Explain the difference between GDP and GNP in economics in one sentence.
What are the following variables used for in economics:
Nominal GDP, Real GDP, GDP Deflator and CPI?
should we care more about nominal GDP or real GDP??
Thank you for using the Jiskha Homework Help Forum. Here is a link that