Social Sciences, asked by PanduDeepak6189, 10 months ago

Describe the steps involved in collection of gdp

Answers

Answered by Ritughara372
2

Answer:

There are three ways of calculating GDP - all of which in theory should sum to the same amount:

National Output = National Expenditure (Aggregate Demand) = National Income.

(i) The Expenditure Method - Aggregate Demand (AD)

GDP = C + I + G + (X-M) where.

The Income Method ā€“ adding together factor incomes.

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