⭕️⭕️ HOLLA FRNDZ ⭕️⭕️⭕️
ANSWER THE FOLLOWING QUESTIONS ⭐️⭐️⭐️⭐️
1. WHAT IS GDP ? ☺️☺️
2. HOW DO WE COUNT THE VARIOUS GOODS AND SERVICES FOR CALCULATION GDP ? EXPLAIN WITH EXAMPLE ?
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UNWANTED ANSWER GET REPORTED. ❌❌❌
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Answers
Answered by
8
Hey mate ^_^
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Answers:
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1) Gross Domestic Product (GDP) is the total sum of the value of the final goods and services of the Primary, Secondary and Tertiary sectors of the economy of a country produced during a year.
2)
=> It is not feasible to count every good and services produced in actual numbers.
=> Rather, we calculate value of the final goods and services produced in a year, in each sector.
=> The value of final goods also includes the value of all the intermediate goods that have been used in making the final good.
=> The value of final goods and services produced in each sector in a year provides for total production in that sector.
=> The sum of production in all three sectors thus gives us Gross Domestic Product.
=> Final goods are used for calculating GDP, these are goods which are used for direct consumption by the consumers.
#Be Brainly❤️
========
Answers:
========
1) Gross Domestic Product (GDP) is the total sum of the value of the final goods and services of the Primary, Secondary and Tertiary sectors of the economy of a country produced during a year.
2)
=> It is not feasible to count every good and services produced in actual numbers.
=> Rather, we calculate value of the final goods and services produced in a year, in each sector.
=> The value of final goods also includes the value of all the intermediate goods that have been used in making the final good.
=> The value of final goods and services produced in each sector in a year provides for total production in that sector.
=> The sum of production in all three sectors thus gives us Gross Domestic Product.
=> Final goods are used for calculating GDP, these are goods which are used for direct consumption by the consumers.
#Be Brainly❤️
fardeenshaikh569:
hi
niki
thaq u di
......
hey
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Answered by
5
GDP stands for Gross Domestic Product . Gross Domestic Product is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly.
The following guidelines aid in calculating the total production in a given sector:
- The value of the goods are calculated rather than the numbers of the individual goods.
-The value calculated is of the final products and services which automatically includes the values of the intermediate goods and services.
-The total production is then acquired by adding the total value of the final value of the goods and services in a given sector. This will give us the GDP in this sector.
The following guidelines aid in calculating the total production in a given sector:
- The value of the goods are calculated rather than the numbers of the individual goods.
-The value calculated is of the final products and services which automatically includes the values of the intermediate goods and services.
-The total production is then acquired by adding the total value of the final value of the goods and services in a given sector. This will give us the GDP in this sector.
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