Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,159,610 members, 7,840,446 topics. Date: Sunday, 26 May 2024 at 05:30 AM

Nigeria Now Tops South Africa As The Continent's Biggest Economy - Politics (13) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Now Tops South Africa As The Continent's Biggest Economy (40607 Views)

Africa Day 2020: President Buhari Preaches Peace Across The Continent / Nigeria Re-emergence As Africa’s Biggest Economy, An Economic Scorecard Of PMB / Nigeria Has Taken Over South Africa As Africa Biggest Economy ~ BBC (2) (3) (4)

(1) (2) (3) ... (10) (11) (12) (13) (Reply)

Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by johnHerba(m): 2:13am On Mar 08, 2020
Re: Nigeria Now Tops South Africa As The Continent's Biggest Economy by 9jaRealist: 1:26am On Mar 12, 2020
Area4Area:
As far as Nigeria and other countries heavily dependent on oil is concerned, when price of oil goes up, GDP growth and size goes up, price comes down and it drags others down too

No, it does not change REAL GDP.

If you are producing 1 barrel of oil, it will still be 1 barrel of oil regardless of price...
The only way it COULD is if your goods are so price elastic that you produce more or less depending on price.
>

(1) (2) (3) ... (10) (11) (12) (13) (Reply)

Policeman Drags Suspect Along The Road In The Name Of Arrest (Photo) / Weapons Recovered From Criminals By Soldiers In The North. Photos / Akpabio: Ben Bruce Come And Complete Ibom Tropicana Project Else

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 5
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.