economics

what is the equation for finding the GDP for a year? Is it GDP=N/R or GDP=N/R *100?

  1. 👍 0
  2. 👎 0
  3. 👁 28
asked by Brandy
  1. I don't know what N or R are. However, both formulas are essentially the same, only the decimal point is moved.

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. macroeconomics

    Year - 2000 Nominal GDP: 9,817 Real GDP: ___________ GDP Deflator: 1 Inflation 2.2 Real GDP Per capita: _________ Population 283.7 Year – 2001 Nominal GDP: ________ Real GDP: 9,891 GDP Deflator: _________ Inflation 2.4 Real GDP

    asked by Ella on September 23, 2008
  2. macroeconomics

    should we care more about nominal GDP or real GDP?? Thank you for using the Jiskha Homework Help Forum. Here is a link that discusses that very question: http://economics.about.com/cs/macrohelp/a/nominal_vs_real.htm A GDP based on

    asked by jenna on March 13, 2007
  3. macroeconomics

    23. The next four questions refer to the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Units of Price Year output per unit 1 16 $2 2 20 3 3

    asked by marc on October 11, 2011
  4. macroeconomics

    27. The following data show nominal GDP and the appropriate price index for several years. Compute real GDP for each year and indicate whether you have “inflated” or “deflated” nominal GDP in finding real GDP. All GDP are

    asked by marc on October 11, 2011
  5. Economic

    All of the following refer to the Economy of Ecoland: - GDP in 1990 is $1000 - Annual inflation is 5% per year from 1991 - 1995. From 1996 - 1999, inflation is 10% per year - Real GDP grows at 2% every year a) Calculate real GDP

    asked by Freddy on February 7, 2007
  6. math

    Average Growth Rate(2000-2009)of China - GDP: 10.9 Population: 0.8 Per Capita GDP: 10.1 Ethiopia - GDP: 7.5 Population: 2.8 Per Capita GDP: 4.7 How fast does total output(GDP)have to grow in order to raise per capita GDP in

    asked by Robert on October 3, 2012
  7. Economics

    Discuss the relationship between the level of Gross Domestic Product (GDP) and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level that

    asked by Marinda on March 25, 2008
  8. Macro

    The great depression was the worst ecomonic disaster in US history in terms of declines in real GDP and increases in the unemployment rate. Use the data in the following table to calculate the percentage decline in real GDP

    asked by steve on March 18, 2009
  9. Macroeconomics

    How do you calculate the nominal GDP and the real GDP of something? I know the formula for GDP is y=c+I+G+NX but in a problem like an economy produced this many of good#1 and this many of good#2 last year. The price of each good

    asked by y912f on March 16, 2011
  10. Macroeconomics

    Where are we in the business cycle? What is the real GDP today? What is the largest component of GDP? What is the smallest component of GDP? What is the fastest growing component of GDP and why? What components of GDP were

    asked by Thomas on December 1, 2013

More Similar Questions