goods and services counted in nominal GDP are valued at the prices that those goods and services are actually sold for in that year. Nominal GDP is evaluated in either the local currency or U.S. dollars at currency market exchange rates to compare countries’ GDPs in purely financial terms....
GDP measures the total value of goods and services a country produces over a given period. This offers a simple metric for gauging the overall economic health of every nation to each other. There are several variations of GDP measurements; the figures featured in this article arereal GDP, whic...
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The BRIC countries are especially interesting, insofar as they show some remarkable size in absolute terms, but their per capita numbers belie a situation of uneven development and a great deal of persons who are economically unproductive (which means, in simple terms, that there are a large num...
Change in private inventories dragged on GDP. Trade deficit worsened a lot, on surging imports, and dragged bigly on GDP. “Real” GDP in dollar terms, adjusted for inflation and expressed in 2017 dollars, rose to $22.77 tril...
The R-squared shows the ratio of “explained” variance (β^iPCit) to total variance; correspondingly, it rises if the idiosyncratic variance of ηi falls relative to the explained variance of China’s imports. In contrast, the break tests look more narrowly for subsample changes in βi. A...
Further, the extent to which variability in the dependent research variable is accounted for by the independent research variable is explained by the R² value (0.129878366). Thus, the R² value in Table 4 infers annual inflation accounts for about 12.99% (0.129878366 x 100% = 12.9878366% ...
and discrepancies can no longer be easily explained via debates about the importance of central government adjustments versus local government reporting. Given that most raw Chinese industrial output data series slowed sharply in 2015 and again in 2018, it is far more likely that data smoothing was...
A simple system to assay GDP-mannose transport is described, using permeabilized yeast cells. With this system, we demonstrate thatvrg4 mutants are specifically defective in lumenal GDP-mannose transport in vitro. The protein sorting and membrane defects in vrg4 mutants may be explained by an ...
The determination coefficient R2 denotes the percentage of GDP estimation explained by TNL. The correlation coefficients R and the R2 can be used to measure the correlation between TNL and GDP (which is the city's statistical data) for each administrative region. The Relative Error (RE), which...