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Subject Economics For Managers Topic Gross Domestic Product Rajput Kavita D
Subject Economics For Managers Topic Gross Domestic Product Rajput Kavita D
Determining GDP
GDP can be determined in three ways, all of which should in principle give the same result. They are the product (or output) approach, the income approach, and the expenditure approach. Example: the expenditure method: GDP = private consumption + gross investment + government spending + (exports imports), Or
Interpretation
In the graph United States GDP rate is very high 13,820$ as compare any other country GDP rate and brazil GDP rate is very law 1,794$ as compare any other country GDP rate, So the GDP rate is correlate with standard of living.
Rank 1 2 3 4 5 6 7 8 9 10
Country Bhutan Macau Qatar Angola East Timor Ethiopia Rwanda Azerbaijan Equatorial Guinea Turkmenistan
GDP - real growth rate (%) 21.4 15 13.4 13.2 12.8 11.6 11.2 10.8 10.6 10.5
Kyrgyzstan 3%
Chart Title
Zimbabwe 68%
Interpretation
In the graph Bhutan GDP real growth rate is very high 21.4%as compare any other country GDP - real growth rate and Turkmenistan GDP - growth rate is very law 10.5% as
compare any other country GDP growth rate, So the GDP - growth rate is correlate with standard of living.
Rank 1 2 3 4 5 6 7 8 9 10
Country Liechtenstein Qatar Luxembourg Bermuda Jersey Norway Brunei Kuwait Singapore United States
GDP - per capita (PPP) (US$) 118,000 85,600 79,600 69,900 57,000 54,900 54,400 54,300 48,500 46,300
Interpretation
In the graph Liechtenstein GDP- per capital rate is very high 118,000$ as compare any other country GDP- per capital rate and United states GDP- per capital rate is very law 46,300$
as compare any other country GDP- per capital rate, So the GDP- per capital rate is correlate with standard of living.
Chart Title
Zimbabwe Burma Ethiopia Kenya Seychelles Iran Venezuela Ukraine Mongolia Kyrgyzstan
3% 3% 3% 3% 3% 4% 3% 5% 5% 68%
Interpretation
In the graph Zimbabwe Inflation rate is very high 68% as compare any other country Inflation rate and Kyrgyzstan Inflation rate is very law 3% as compare any other country Inflation rate, So the Inflation rate is correlate with standard of living.