The Gross Domestic Product - GDP and its Components

  • Jul 26, 2021
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Kevin

These clarifications of GDP and its components have come in handy for me!!! They are perfect. Thank you!

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CLEAR

Clarification has also come in handy for me. Now I don't understand why when looking for the components of Brazil's GDP (for a university exposition paper) online it only shows me that 100% of nominal GDP is made up of 67% services, 27.5% industry and 5.5% farming. And my question is, but why don't you tell me how much is the percentage of Consumption, Investment, Spending and Net Exports specifically? I have to expose this Wednesday. I anticipate the thanks to your possible reply.

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Barbara

Hello. I have a doubt based on the following question: Country A has a GDP of 280 million and Country B has a GDP of 350 million. With these data I can say which of the two is richer? Or need to determine some more data? analyze the data provided, the two questions, and answer which of the two is richer. justify why and how I can determine it.

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Jimy

Well, I don't know if it will be the richest, but I do know that country B has better welfare because its GDP is higher and that is the purpose of GDP.

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Alvaro Sandoval placeholder image

Excellent information on this blog and very clear comments. I would like to ask about the ratio of the credit / GDP ratio that there are comments that say that this refers to a financing cushion used by the financial institutions (banking sector) for when a bankruptcy of the institution occurs or to take corrections in case they actually enter that institution. situation. Another comment refers to the fact that it is an index to establish the level of poverty of a part of the population in a given area.

Which of these comments is correct? Where do I find information about it?

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