Answer: The country has deflation. The bottom line is nominal growth and the top line is real growth.
Sat Sep 22 2001 14:30:00 GMT-0400 (Eastern Daylight Time) · Gross domestic product ( GDP ) is a monetary measure of the market value of all the final goods and services produced in a specific time period. GDP ( nominal ) per capita does not however reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing …
The economy of the United States is that of a highly developed country with a mixed economy. It is the world’s largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity (PPP). It has the world’s fifth-highest per capita GDP ( nominal ) and the seventh-highest per capita GDP (PPP) in 2020. The United States has the most technologically powerful economy in the …
Economy of the Philippines – Wikipedia
Historical GDP of China – Wikipedia
Gross domestic product – Wikipedia
Gross domestic product – Wikipedia
In economics Okun’s law is an empirically observed relationship between unemployment and losses in a country s production. It is named after Arthur Melvin Okun who first proposed the relationship in 1962. The “gap version” states that for every 1% increase in the unemployment rate a country s GDP will be roughly an additional 2% lower than its potential GDP .
Relation between the tax revenue to GDP ratio and the real GDP growth rate (average rate in years 2013-2018 according to List of countries by real GDP growth rate data mainly from the World Bank) – …
The gross domestic product of China in 2019 was CN¥ 99.08651 trillion or US$14.4 trillion ( nominal ).. China’s nominal GDP surpassed that of Italy in 2000 France in 2005 the United Kingdom…