Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,194,909 members, 7,956,417 topics. Date: Monday, 23 September 2024 at 11:37 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 (41730 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)

President Buhari Visits Cross River State (Live Updates) / Military Moves Command-Control Centre To Maiduguri / Wike: Peter Obi Is The Hero Of The Election

(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. 6
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.