Question

Explain the process to calculate GDP​

Answer 1

Answer:

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). Nominal value changes due to shifts in quantity and price.

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Answer 2

Answer:

HI.....!

GDP can be calculated by adding up all the money spent by customers, businesses and GOVT given in a period.

EQUATION USED TO CALCULATE GDP:-

GDP = PRIVATE CONSUMPTION+GROSS INVESTMENT+GOVT INVESTMENT+GOVT SPENDING+(EXPORTS-IMPORTS).

NOTE:-

Some times, normal value may change, because, shifts in price and quantity.

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