What does GDP (US$b) (current prices), GDP PPP, GDP per capita (US$) mean?

Question

In relation to Economics. I would just like to Know what they mean

Answer 1

GDP= gross Domestic Product = Market values of goods and services by workers and capital in US in a given period (1-year)

US$b = in billion us dollars b for billion

1-PPP=Point-to-point Protocol (is for computers)
2-PPP=Polluter Pays Principle is a principle in international environmental law where the polluting party pays for the damage done to the natural environment

Per capita= From Latin =>per unit of population or per person to each individual in that year

All the above are in relation to economics (or technology)
I think that the article you red is totally about economics

Take care

Answer 2

Gdp At Current Prices Definition

Answer 3

GDP refers to the value of all final goods and services produced within a nation in a given year. It is expressed for each year.

GDP (US$b) (current prices): GDP (current prices), also referred to as nominal GDP, does not take inflation and cost of living into account, and comparisons will only use the current exchange rates: US$b means the GDP will be expressed as a multiple of 1 billion US dollars ---> eg. 23.4 would mean 23.4 billion US$ (US$23,400,000,000).

GDP PPP: PPP stands for purchasing power parity. This is used mainly for comparison. PPP makes adjustments based on relative cost of living, and inflation rates between countries, instead of using just the exchange rate

GDP per capita (US$): "per capita" refers to per person. GDP per capita (US$) is the GDP measured in US$ divided by the average population in the country. ---> eg. if the GDP (US$) is US$2,000,000,000 and the average population for the year is 40000, then the GDP per capita would be US$50,000

Answer 4

GDP- gross domestic product
measures value of goods & services produced in the country

PPP- purchasing power parities
rates of currency conversion that equalise purchasing powers of different currencies

GDP/capita
using the annual GDP at current market prices divide by the population of the country, measured in US$

i am a business student :)

Answer 5

Gross Domestic Product, in Billions

Which is the number that shows the value of the nations total goods and serivces.

the (mean) shows what the average of that GDP is per person of family. It is just and average.

Answer 6

Gross Domestic Product-the total amount of income in a certain area, i.e. the total amount of income made in the U.S. in a certain time period, not including the sale of old merchandise-already built homes, volunteer services ect.

Answer 7

GDP is gross domestic product.i learned about it in marketing. i dont know the rest.

Answer 8

Everything produced in an economy.

Answer 9

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