What is the gross domestic product of norway, Microeconomics

Assignment Help:

Norway is one of the world's most urbanized nations and is home to one of the most superior economies in the world. The country's overall GDP is quite high considering the nation's small population. Its GDP per capita is higher than that of the United States, ranked second in both nominal and PPP figures.


Its GDP figures in 2005 were as follows:

1) Nominal GDP: $296 billion (25th rank)

2) GDP PPP was $195 billion (42nd rank)

3) Nominal GDP per capita: $64,000 (2nd rank)

4) GDP PPP per capita: $42,000 (2nd rank)

 


Related Discussions:- What is the gross domestic product of norway

Control of monopolies and restrictive trade practices, Control of Monopolie...

Control of Monopolies and Restrictive Trade Practices Monopoly hampers economic growth by lowering output and increasing prices and has an anti-social impact. In India, the Monopo

What are the possibilities of returns to scale in production, What are the ...

What are the possibilities of returns to scale in production technology? Three possibilities are there as: technology exhibits (a) constant returns to scale; (b) decreasing ret

Elimination of waste - stock management, Elimination of waste - Stock Manag...

Elimination of waste - Stock Management Here is a definition of the elimination of waste: Anything other than the minimum amount of equipment, material, parts and working t

Cost of job loss, When a worker is fired orlaid off, they experience a sign...

When a worker is fired orlaid off, they experience a significant out-of-pocket cost. That cost of job loss relies on how much they were earning in their job, how long it takes them

Keynesian cross, explain how the keynesian cross shows that the economy is ...

explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative

Economic models, the general characterictics of economic models,its limitat...

the general characterictics of economic models,its limitations and verification

Sources of external economies of scale, Sources of external economies of sc...

Sources of external economies of scale: Economies of Skilled Labour: This involves upgrading the skills of labour through the provision of education and training faci

Production, what is cob duglus production function?

what is cob duglus production function?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd