by Marjan Arbab | Jan 16, 2014 | Macroeconomics
Price Index A Price Index is a measure of the average level of prices. So when we see a news on the TV that “Inflation is rising”, they are really reporting the movement of a Price Index. A price index is a weighted average of the price of a basket of goods and... 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 ,... by kasi | Oct 16, 2009 | Economics
The widespread measure of the total output in a country’s economy is called GDP (Gross Domestic Product). GDP is basically a measure of the market value of all services and final goods produced in a country during a year. It as well is equal to the sum of the value...