claim: Pakistan's economy is 50th largest in nominal gross domestic product.
evidence: Gross domestic product -LRB- GDP -RRB- is a monetary measure of the market value of all final goods and services produced in a period -LRB- quarterly or yearly -RRB- .. measure. Measurement in economics. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region , and to make international comparisons .. Nominal GDP. List of countries by GDP ( nominal ). Nominal GDP per capita does not , however , reflect differences in the cost of living and the inflation rates of the countries ; therefore using a basis of GDP at purchasing power parity -LRB- PPP -RRB- is arguably more useful when comparing differences in living standards between nations .. Nominal GDP. List of countries by GDP ( nominal ). Nominal GDP per capita. List of countries by GDP ( nominal ) per capita. cost of living. cost of living. inflation rates. inflation rates. living standards. living standards