explain gdp? how is it calculated ?explain in steps?
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GDP - the total value of goods produced and services provided in a country during one year.
The following equation is used to calculatethe GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
The following equation is used to calculatethe GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
meghakatiyar1:
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hey here is Ur answer dude.
GDP is Gross domestic product.
It is calculated = Private consumption+vl gross investment + government in investment + government spending + (export-import)
GDP is Gross domestic product.
It is calculated = Private consumption+vl gross investment + government in investment + government spending + (export-import)
yes
what's ur name
st0p commenting
becouz its for doubt not for chatting
ok Megha
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