0 Comments
0 Shares
8596 Views
0 Reviews
Search
Discover new people, create new connections and make new friends
- Please log in to like, share and comment!
- Beyond GDP: other ways to measure the economyKey points Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year. National income includes all income earned: wages, profits, rent, and profit income. Net national product, or NNP, is GNP minus depreciation. Depreciation is the process by which capital ages...0 Comments 0 Shares 7268 Views 0 Reviews
- Beyond GDP: other ways to measure the economyKey points Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year. National income includes all income earned: wages, profits, rent, and profit income. Net national product, or NNP, is GNP minus depreciation. Depreciation is the process by which capital ages...0 Comments 0 Shares 8020 Views 0 Reviews
- Comparing GDP among countriesKey Points Since GDP is measured in a country’s currency, in order to compare different countries’ GDPs, we need to convert them to a common currency. One way to compare different countries' GDPs is with an exchange rate, the price of one country’s currency in terms of another. GDP per capita is GDP divided by population....0 Comments 0 Shares 6154 Views 0 Reviews
- How well GDP measures the well-being of societyKey points GDP is an indicator of a society’s standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology, or the—positive or negative—value that...0 Comments 0 Shares 4625 Views 0 Reviews
- Top 10 economies in terms of GDP by 2038Top 10 economies in terms of GDP by 2038 In 2024, global GDP growth is predicted at the same level as in 2023 - 3.1%. In the long term, the economy will continue to grow. By 2035, analysts expect a doubling of global GDP, but here are which countries will be in the lead in 2038. 1ST PLACE 🇨🇳 China China will...0 Comments 0 Shares 7350 Views 0 Reviews