What was the real GDP in 2011?
What was the real GDP in 2011?
Show:
| Date | Value |
|---|---|
| Dec 31, 2012 | 16.30 trillion |
| Dec 31, 2011 | 16.05 trillion |
| Dec 31, 2010 | 15.81 trillion |
| Dec 31, 2009 | 15.38 trillion |
What was the percentage of GDP in 2011?
The government, on Thursday, announced a downward revision in GDP (gross domestic product) growth to 6.2 per cent for fiscal year 2011-12 from the earlier provisional estimate of 6.5 per cent.
Did US change from GNP to GDP?
GNP measures the value of goods and services produced by a country’s citizens, both domestically and abroad. GDP is the most commonly used by global economies. The United States abandoned the use of GNP in 1991, adopting GDP as its measure to compare itself with other economies.
What is the calculated value of US real GDP per capita in 2011?
$50,495
Annual U.S. Real GDP Per Capita Since 1947 in 2012 Dollars
| Year | Real GDP Per Capita | Event Affecting GDP |
|---|---|---|
| 2011 | $50,495 | Iraq War ended. |
| 2012 | $51,468 | Fiscal cliff. |
| 2013 | $51,921 | Sequestration. |
| 2014 | $52,293 | Strong dollar hurt exports. |
How did the contribution of the services sector to GDP change between 2009 and 2011?
How did the contribution of the services sector to GDP change between 2009 and 2011? It rose by less than 1 percent.
Why is GDP used instead of GNP?
In economics, Gross Domestic Product (GDP) is used to calculate the total value of the goods and services produced within a country’s borders, while Gross National Product (GNP) is used to calculate the total value of the goods and services produced by the residents of a country, no matter their location.
