by Marjan Arbab | Jan 1, 2014 | Macroeconomics
Nominal GDP Nominal GDP is simply the value of all final goods and services produced in a country or in other words it is the current market value of Goods and services. As discussed before the formula for Nominal GDP is as follows Whereas P and Q are the current... by Marjan Arbab | Dec 31, 2013 | Macroeconomics
What is the Gross Domestic Product (GDP)? Have you Ever thought how an economic activity is measured in a country? And what about the resources being utilized and the production being made within a country . Well ! There are tools. And one of the tools is GDP ,...