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What is definition of tax GDP ratio?
Tax to GDP Ratio =Total government tax collections divided by the country's GDP
What are two ways the debt-to-GDP ratio can decrease?
The debt can be repaid, or the GDP can grow faster than the debt.
What is a GDP composition?
Wealth divided by population.
What is the correct formula for calculating the GDP?
c+i+g a+
WHAT-According to the rule of 72, if the gdp of the apex federation is growing at 1.9% per year?
38 years
Net exports are negative?
positive net exports increase equilibrium GDP while negative net exports decrease it.
What is positive gdp?
A actual increase in GDP.
Is an increase in GDP a positive sign for an economy?
positive
Net factor income from abroad is positive or negative?
GNP = GDP + NFIA If NFIA positive, then GNP greater than GDP. +NFIA = GNP - GDP If NFIA negative, then GDP greater than GNP. -NFIA = GDP - GNP
What does it mean if real GDP were growing faster then nominal GDP?
It means that inflation is negative, also known as deflation.
What impact will a negative demand shock have on the main measures of economic performance?
REal GDP will increase , inflation will increase, and unemployment will decrease
Umeployement increase when real GDP increases or real GDP decreases or output increases?
Unemployment causes GDP to decrease. GDP means gross domestic product. If there are no employees to create a product, the GDP goes down.
How economic growth of a country is measured?
Economic Growth can be defined as an increase in output produced by an economy in a period of time (usually a year) or an increase in the ability of an economy to produce goods and services. Economic Growth itself can be measured by measuring an increase in GDP, Real GDP (GDP adjusted for inflation), or Real GDP per capita (a measure of standard of living) which means the increase in real output per person.
Was the 2008 economic crisis a depression or recession?
The 2008 United States economic downturn was classified as a recession. A recession is defined as negative GDP growth for 2 or more consecutive quarters. In 2009 there was 3 quarters of negative growth before positive GDP began.
Can a nation have a negative GDP?
no
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP?
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP
Increase in real GDP are often interpreted as increase in welfare. what are some problems with this interpretation?
Increase in Real GDP is often interpreted as increase in welfare because Increase in Real GDP causes an increase in average interest rate in an economy by which Government expenditures (Government purchases and transfer payments) increases. Problem with this interpretation is that the Real GDP increases due to increase in price level or money market by which real money supply decreases and money supply demanded exceeds real money supply. That means that people start demanding more money in order to full fill their requirements.
