Gross domestic product can be calculated by adding ______ in an accounting year.
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private consumption + gross investment + government investment + government spending + (exports – imports).
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Gross domestic product can be calculated by adding all the production produced within the domestic territories of the country in an accounting year.
No matter who produces it, if it is produced within the geographical boundaries of the country it would be calculated in the calculation of the gross domestic product of the country in an accounting year.
Calculation of GDP helps in calculating the national income of the country.
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