Question

16. What are the steps involved in the estimation of GDP? Who conducts this process?​

Answer 1

Answer:

GDP or Gross Domestic Product is the total value of goods produced and services provided in a country during one year and is used to measure a country's economy. The data is collected by the Central Statistics Office (CSO) that falls under the leadership of the Ministry of Statistics and Program Implementation.Jul 30, 2019

Answer 2

Answer:

Traders, policymakers, investors etc. all have the eyes on the GDP. Different countries have different methods to calculate GDP. The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation, is responsible for data collection and maintaining a proper record of the same