Question

GDP what is GDP ? How it is calculated

Answer 1

Hey mate

Here is ur ans
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↪The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time



↪Written out, the equation for calculating GDP is: GDP = private consumption + gross investment + government investment + government spending + (exports – imports). For the gross domestic product, “gross” means that the GDP measures production regardless of the various uses to which the product can put.


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Hope it helps u dear^_^
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ße ßrainly
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Answer 2

GDP stands for Gross Domestic Product .the total quantity of goods and services produced in an economy in a given year is called GDP or the total market rate of the goods produced in any country in the given year
GNP =GDP +exported goods in abroad -imported goods in the country
it means the rate of the goods produced in abroad buy country men is added to GDP and the goods produced in the country by foreigner is subtracted to GDP
hence to find GDP =GNP +goods produced in the country by foreigner -goods produced by country man in the abroad