Question

Explain how GDP is calculated.

Answer 1

The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports).

Answer 2

The GDP or gross domestic product of a country provides a measure of the monetary value of the goods and services that country produces in a specific year. This is an important statistic that indicates whether an economy is growing or contracting. In the United States, the government releases an annualized GDP estimate for each quarter and also for an entire year. plzzz mark me brainliest ans