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Much ado about GDP calculation
Gross Domestic Product measures the quantum of economic activities in a country, in monetary terms, over some time, usually ...
Unlike real GDP, nominal GDP uses current market prices and doesn't factor inflation into its calculation. Real GDP is a macroeconomic statistic that measures the value of the goods and services ...
And some of the products and services that are consumed are imported from abroad. The GDP calculation accounts for spending ...
African countries plan a fresh push at international summits this year for standard measures of economic strength such as GDP ...
Trade was a drag on growth in the period, with imports, which subtract from the GDP calculation, off 0.8%. Exports also declined 0.8%. Gross private domestic investment slumped by 5.6% ...
According to the Cabinet Office, South Korea revised its GDP calculation standards earlier this year. A review of past figures revealed that South Korea’s per capita GDP had already exceeded ...