Social Sciences, asked by jaat01236, 8 months ago

19. How is G.D.P. Calculated?​

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Answered by KapilSharmaFan
1

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  • GDP can be calculated by adding up all of the money spent by consumers, businesses, and government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy. In either case, the number is an estimate of "nominal GDP."
Answered by Anonymous
1

Answer:

GDP can be calculated by adding up all of the money spent by consumers, businesses, and government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy. In either case, the number is an estimate of "nominal GDP."

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