Lecture no. 10 Business Economics (GDP (GDP of Different Countries (• …
Lecture no. 10
Pakistan Export Trade Transaction
With arround 40 countries.
Why GDP is important?
To calculate the financial worth of the country.
World Development Indicator
To check world economy.
GDP = C + I + G + (X - M)
It is a broad measure of a nation's total economic activity. GNP is the value of all finished goods and services produced in a country in one year by its nationals.
Three Methods of calculate to GDP
GDP of Different Countries
• Universe Wealth - $1.5 Quad Trillion
• Nepal Economy - $24.47 Billion
• Azerbaijan Economy - $40.75 Billion
• Somalia Economy - $7.369 Billion
• America Economy - $19.39 Trillion
• Turkey Economy - $851 Trillion
• India Economy - $2.597 Trillion
• UK Economy - $2.622 Trillion
• Saudi Arabia Economy - $683.8 Billion
Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually.