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When analyzing the gross domestic product (GDP) of Pakistan it becomes strikingly evident that there is another country which is very comparable to Pakistan based on its GDP; this nation, which appears to have a very similar economic orientation to Pakistan, is none other than the Philippines. The gross domestic product (GDP) of a country is the total market value of all the goods and services produced within an economy in a given year. Based on the 2007 statistics provided by the International Monetary Fund, the nominal GDP of Pakistan, calculated in millions of U.S. dollars, was 143,766; giving this country a world rank of 47th out of 179. The nominal GDP of the Philippines, in millions of U.S. dollars, was 144,129; positioning this nation as 46th out of 179. Based on these statistics, economists would most probably conclude that the Philippines and Pakistan are very similar, due to their economic homogeneousness. However, when utilizing other standards of measurement less rigid......
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Title: Comparison Of Pakistan And Philippines
Approximate Word Count: 1108
Approximate Pages: 5 (250 words per double-spaced page)
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