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Economics question

  1. May 19, 2006 #1

    Mk

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    How do GDP and GCF differ? What is the difference between the kinds of GDP such as GDP PPP? I looked but didn't understand any explanations on the internet.
     
    Last edited: May 20, 2006
  2. jcsd
  3. May 20, 2006 #2

    Astronuc

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    Staff: Mentor

    The explanation on Wikipedia seems pretty straightforward
    http://en.wikipedia.org/wiki/Gross_Domestic_Product

    http://en.wikipedia.org/wiki/Purchasing_power_parity

    GCF = gross capital formation
    This might be of use - http://ideas.repec.org/p/kud/kuiedp/0430.html

    GFCF = Gross fixed capital formation - http://en.wikipedia.org/wiki/Gross_fixed_capital_formation

    http://en.wikipedia.org/wiki/Capital_formation

    http://devdata.worldbank.org/external/CPdefinition.asp?icode=NE.GDI.TOTL.ZS&ccode=CHN

    Interesting site - http://www.economywatch.com/index1.jsp

    and

    http://unstats.un.org/unsd/sna1993/glossform.asp?getitem=222

    Don't necessarily trust Wikipeida fully - verify with other sources.
     
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